The latest business news around the world. Written by Market Business News's very own editorial team to deliver reliable, up to date, and honest news.

Citrix Systems, Inc. – Company Information

0

Citrix Systems, Inc., is an American software company, based in Fort Lauderdale, Florida.

The company is a leader in providing clients with virtualization services, mobility management, networking, and cloud services.

Citrix claims that its products are used by around 330,000 organizations and 100 million users worldwide.

Apart from its head office in Florida, Citrix has operations in California and Massachusetts, and development centers in Canada, Australia, the United Kingdom, and India.

The company was founded in 1989 by a former IBM developer called Ed Iacobucci, who had a vision to build OS/2 with multiuser support.

Citrix has two main products and services segments: the Enterprise and Service Provider division (formerly Infrastructure division) and the Software as a Service, or SaaS division (formerly Online Services division).

The Enterprise and Service Provider division is composed of mobile, desktop, networking and cloud products. Whereas the SaaS division is composed of collaboration and data products.

Well known products that the company offers include: Citrix XenApp, Citrix VDI-in-a-Box, Citrix XenServer, XenApp Fundamentals, Workflow Studio, Advanced Access Control, Password Manager, EdgeSight, Command Center, Provisioning Server, EasyCall, GoToMeeting, ‘GoToWebinar’, GoToAssist, GoToMyPC, NetScaler App Delivery Controller, CloudStack, CloudGateway, CloudBridge, CloudPortal, Podio, ShareFile, XenClient, Citrix Receiver, ByteMobile OpenVoice, and CloudPlatform.

Citrix Systems, Inc. is publicly listed on the NASDAQ Stock Market, under the stock ticker symbol ‘CTXS’.

Overview

Citrix Systems logo

  • President and CEO: Mark B. Templeton
  • Chairman: Thomas F. Bogan
  • Type: Public
  • Industry: Software
  • Listed on the NASDAQ Stock Exchange
  • NASDAQ stock ticker symbol: CTXS
  • S&P 500 Component
  • Revenue: $2.918 billion USD (2013)
  • Net income: $339 million USD (2013)
  • Diluted earnings per share: $1.80 USD (2013)
  • Employees: 9,166 (2013)
  • Corporate headquarters: 851 West Cypress Creek Road, Fort Lauderdale, Florida 33309, USA
  • Corporate contact number: (954) 267-3000
  • Investor relations contact number: 954-229-5758
  • Investor relations email address: [email protected]
  • Website: http://www.citrix.com/

Net revenues (in $ thousands) 2013 2012
Product and licenses $891,630 $830,645
Software as a service $582,872 $511,323
License updates and maintenance $1,305,053 $1,125,094
Professional services $138,879 $119,061
Total net revenues $2,918,434 $2,586,123
Cost of revenues and operating expenses (in $ thousands)
Cost of net revenues $502,795 $404,137
Research and development expense $516,338 $450,571
Sales, marketing and services expense $1,216,680 $1,060,829
General and administrative expense $260,236 $245,259
Amortization of other intangible assets $41,668 $34,549
Total operating expenses $2,034,922 $1,791,208
Income data (in $ thousands)
Operating income $380,717 $390,778
Interest income $8,194 $10,152
Other (expense) income, net $(1,021) $9,299
Income before income taxes $387,890 $410,229
Income taxes $48,367 $57,682
Consolidated net income $339,523 $352,547
Net income attributable to Citrix Systems, Inc $339,523 $352,547
Comprehensive income $352,179 $356,403
Balance sheet data (in $ thousands)
Total assets $5,212,249 $4,796,402
Total stockholders’ equity $3,319,807 $3,121,777
Cash flow data (in $ thousands)
Net cash provided by operating activities $928,343 $818,527
Net cash used in investing activities $(938,150) $(357,940)
Net cash used in financing activities $(352,281) $(149,782)
Cash and cash equivalents at end of year $280,740 $643,609
Common share data (in $)
Basic earnings (loss) per common share $1.82 $1.89
Diluted earnings (loss) per common share $1.80 $1.86

Source: “Citrix Systems, Inc. 2013 Form 10-K”