Citrix revenues up 17 per cent


Citrix has posted some bumper results for the fourth quarter of its fiscal 2010, with revenues up 17 per cent year-on-year.

Over the quarter revenue hit $530 million (330 million), compared to $451 million in the fourth quarter of fiscal 2009.

For the entire fiscal 2010 year, Citrix posted revenues of $1.87 billion, up from to $1.61 billion in the previous year, representing a 16 per cent rise.

Citrix saw a particularly positive result from its software-as-a-service (SaaS) segment, which grew 17 per cent in 2010. Indeed, a fifth of its overall revenue came from the SaaS side.

The company's desktop virtualisation business grew 16 per cent in the fourth quarter, indicating a notable rise in customer demand for such services.

"Our customers are telling us they want to simplify enterprise computing, they want to embrace IT consumerisation, and they are ready to adopt more cloud services all to transform IT to an on-demand service," said Mark Templeton, president and chief executive officer for Citrix.

"These three powerful market forces are driving a need for Citrix virtual infrastructure and making our platform more relevant and strategic."

As for 2011, Templeton said the company would look to further leverage its "unique market opportunity by broadening the reach of web collaboration, by enabling public and private clouds and driving mainstream adoption of desktop virtualisation."

This week has seen a raft of results come out, with SAP posting some record revenues, although profits took a hit thanks to a court case with Oracle.

Tom Brewster

Tom Brewster is currently an associate editor at Forbes and an award-winning journalist who covers cyber security, surveillance, and privacy. Starting his career at ITPro as a staff writer and working up to a senior staff writer role, Tom has been covering the tech industry for more than ten years and is considered one of the leading journalists in his specialism.

He is a proud alum of the University of Sheffield where he secured an undergraduate degree in English Literature before undertaking a certification from General Assembly in web development.