Citrix Reports Third Quarter Financial Results

Citrix® is a trademarks or registered trademarks of Citrix Systems, Inc. and/or one or more of its subsidiaries, and may be registered in the U.S. Patent and Trademark Office and in other countries. All other trademarks and registered trademarks are property of their respective owners.

CITRIX SYSTEMS, INC. Condensed Consolidated Statements of Income (In thousands, except per share data - unaudited)
		Three Months Ended September 30,					Nine Months Ended September 30,
		2012		2011			2012		2011
Revenues:
Product and licenses		$195,690		$193,880			$561,971		$515,466
Software as a service		129,659		109,558			375,902		315,809
License updates and maintenance (a)		285,051		238,710			822,113		691,771
Professional services (a)		31,022		23,200			86,141		63,980
Total net revenues		641,422		565,348			1,846,127		1,587,026
Cost of net revenues:
Cost of product and licenses revenues		24,218		22,345			63,876		54,834
Cost of services and maintenance revenues (b)		58,920		42,665			166,328		116,745
Amortization of product related intangible assets		22,930		14,679			56,565		39,920
Total cost of net revenues		106,068		79,689			286,769		211,499
Gross margin		535,354		485,659			1,559,358		1,375,527
Operating expenses:
Research and development (b)		114,713		96,676			328,363		278,598
Sales, marketing and services (b)		263,136		223,967			773,732		640,907
General and administrative (b)		65,252		55,907			186,407		162,970
Amortization of other intangible assets		9,838		4,430			25,499		11,876
Restructuring		-		-			-		24
Total operating expenses		452,939		380,980			1,314,001		1,094,375
Income from operations		82,415		104,679			245,357		281,152
Other income (loss), net		8,483		(1,861	)		15,636		10,799
Income before income taxes		90,898		102,818			260,993		291,951
Income tax expense		12,653		10,642			22,475		45,020
Net income		78,245		92,176			238,518		246,931
Net loss attributable to non-controlling interest		-		-			-		692
Net income attributable to Citrix Systems, Inc.		$78,245		$92,176			$238,518		$247,623
Earnings per common share – diluted		$0.41		$0.49			$1.26		$1.30
Weighted average shares outstanding – diluted		189,671		189,730			189,282		191,155

Certain fiscal 2012 reclassifications have been reflected retroactively to provide comparability.

« First ‹ Previous 1 2 3 4 5 6 7 8 Next › Last »