Cloud Networking Demand Fuels Citrix Revenue Growth

Citrix Systems reported Thursday that third quarter revenues at the virtual computing technology provider reached $565 million -- a 20 percent rise in comparison with the same quarter last year.

Company executives said the robust growth was fueled by demand for new technologies pertaining to desktop Virtualization and cloud networking, as well as a recent expansion in the capabilities and footprint of Citrix Systems' software-as-a-service (SaaS) business.

Third quarter revenue from the company's desktop solutions business grew 14 percent year over year to $316 million, including product license growth of 24 percent. What's more, third quarter sales of the company's XenDesktop offering increased by more than 65 percent.

"We have strong positions across SaaS and collaboration, virtualization and desktop, networking and cloud platform markets," Citrix Systems CEO Mark Templeton noted.

"And the investments we've made over the past year in people, infrastructure, innovation and go-to-market is powering growth through geographical reach and business model diversity," Templeton said.

Record XenDesktop Sales

Citrix posted record XenDesktop sales in excess of $22 million, with the range of customers spanning the healthcare, retail, insurance, government, and education markets.

"In total, over 3,000 different customers purchased XenDesktop, including 174 transactions for more than 1,000 seats each and 24 deals for over 5,000 seats each," said Citrix Systems CFO David James Henshall.

Third quarter SaaS revenues rose 20 percent to $110 million -- fueled by demand for Citrix collaboration products, which accounted for more than 50 percent of the total. Moreover, third quarter revenue at Citrix Systems' datacenter and cloud business grew 32 percent year over year to $111 million.

"Growth here was again led by NetScaler with license revenue up 48% year-on-year," Henshall told investors during a conference call Thursday.

Leveraging Recent Acquisitions

Moving forward, Citrix intends to leverage additional capabilities that the company has acquires through...
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