Citrix Systems today reported its fiscal results for the fourth quarter, managing earnings of 90 cents per share on revenues of $740 million.
That tops Wall Street's expectations of 84 cents per share on revenue of $705.7 million, and is a 19 percent bump in revenue from the same quarter a year ago, for which it managed $619 million.
For the fiscal year 2012, Citrix reported annual revenues of $2.59 billion, compared to $2.21 billion for fiscal year 2011. That's a 17 percent increase.
Here's a look at how the fourth quarter broke down, compared to the same quarter in 2011:
Product and license revenue up 17 percent
Software-as-a-service revenue up 18 percent
Revenue from license updates and maintenance up 22 percent
Professional services (consulting, training, certification) revenue up 20 percent
Pacific region revenue up 52 percent
EMEA region revenue up 19 percent
Americas region revenue up 14 percent
Operating margin (non-GAAP) up 30 percent.
And here's how 2012 as a whole broke down, compared to 2011:
Product and license revenue up 12 percent
Software-as-a-service revenue up 19 percent
Revenue from license updates and maintenance up 20 percent
Professional services revenue up 30 percent
Pacific region revenue up 33 percent
EMEA region revenue up 20 percent
Americas region revenue up 12 percent
Operating margin (non-GAAP) up 25 percent.
The company's outlook for the first quarter of 2013 is earnings of 62 cents to 63 cents per share (non-GAAP) on earnings of between $670 million and $680 million. Wall Street was expecting Citrix to report 67 cents per share on revenue of $671 million.
The company's outlook for the fiscal year 2013 is earnings of $3.12 to $3.15 (non-GAAP) on revenue of $2.95 to $2.98 billion. Wall Street was expecting earnings of $2.13 per share (non-GAAP) on revenue of $2.91 billion.
On Monday, rival VMware's shares took a hit after the company issued disappointing guidance that fell short of investor expectations. The sentiment also took a small toll on Citrix shares. In after-hours trading today, Citrix shares were up more than 10 percent, suggesting that analysts were prepared for the worst from VMware's rival--and were pleasantly surprised by the results.
"CIOs are looking to mobility to help deal with IT consumerization, a multi-generational workforce, collaboration, consolidation, and disruption," chief executive Mark Templeton said. "Mobility and cloud services represent an accelerating transformation in the workplace."