Citrix Revenues Rise Slightly in Q3 2013
Citrix reports 11 percent revenue increase from a year-ago quarter, but still expressed some caution when diving into the details.
Citrix released mostly positive news across the board from it's latest earnings report that came out last week, and also announced a stock repurchase program.
Revenue for the fiscal third quarter of 2013 topped up at $713 million, an increase of 11 percent from the year-ago quarter.
Even so, company executives during a conference call that delved into details of the report expressed some concern about the numbers. "Geographically, we saw uneven conditions across our markets in Q3 as customers continue to be cautious with capital spending," said David Henshall, CFO and currently Acting CEO.
Henshall called product licensing revenues as uneven when viewed globally, with the weak area being the Pacific and Americas rising only single digits. Comparatively, he said the Pacific region went down from the year-ago quarter. The EMEA region made up for it, though, ticking up at 15 percent.
Also weighing down results was a licensing revenue decline in the mobile/desktop business. That segment of the company achieved 8 percent growth, which is 3 percent down from the year-ago quarter.
Henshall was more positive when discussing Citrix's revenues coming from license renewals and SaaS business. Its Netscaler line, for example, generated 30 percent more sales than a year ago, while the company's SaaS business generated 14 percent more revenue than Q3 2012, with the bulk of that revenue generated by it's collaboration tools and ShareFile.
Henshall also said that the company repurchased 800,000 of its common stock, and will repurchase $500 million more of stock worth in the next quarter.
(Newsworthy: David Henshall temporarily takes over for Citrix CEO Mark Templeton who has taken a leave of absence for family reasons. This news was announced on Oct. 16; the release is here.)
Michael Domingo has held several positions at 1105 Media, and is currently the editor in chief of Visual Studio Magazine.