| Citrix Reports Third Quarter Earnings Results |
| Friday, 20 October 2006 by Michel Roth | |||
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Revenue grew in the Americas region by 22 percent; the EMEA region by 17 percent, and the Pacific region by 13 percent; Product license revenue increased 17 percent; Online services contributed $39 million of revenue, up 49 percent; Revenue from license updates grew 22 percent; and, Technical services revenue, which is comprised of consulting, education and technical support, grew 19 percent. Other financial highlights included: Deferred revenue totaled $314 million, compared to $255 million at September 30, 2005. Operating margin was 17 percent for the quarter; non-GAAP operating margin was 26 percent for the quarter, excluding the effects of amortization of intangible assets primarily related to business combinations, stock-based compensation expense, in-process research and development and the tax effects related to those items. Cash flow from operations was $70 million, compared to $76 million in the third quarter of 2005. This brings total twelve month trailing cash flow from operations to $305 million. In its stock repurchase activity, the company repurchased 4 million shares of its common stock at an average net price per share of $32.42. The company has over $85 million remaining under the current repurchase authorization. Read it all here.
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