Citrix Reports Fourth Quarter And Fiscal Year Financial Results

Citrix Systems, Inc. (NASDAQ:CTXS) today reported financial results for the fourth quarter and fiscal year ended December 31, 2013.

FINANCIAL RESULTS

For the fourth quarter of fiscal year 2013, Citrix achieved revenue of $802 million, compared to $740 million in the fourth quarter of fiscal year 2012, representing 8 percent revenue growth. For fiscal year 2013, Citrix reported annual revenues of $2.92 billion, compared to $2.59 billion for fiscal year 2012, a 13 percent increase.

GAAP Results

Net income for the fourth quarter of fiscal year 2013 was $139 million, or $0.74 per diluted share, compared to $114 million, or $0.60 per diluted share, for the fourth quarter of fiscal year 2012. Annual net income for fiscal year 2013 was $340 million, or $1.80 per diluted share, compared to $353 million, or $1.86 per diluted share for fiscal year 2012.

Non-GAAP Results

Non-GAAP net income for the fourth quarter of fiscal year 2013 was $195 million, or $1.04 per diluted share, compared to $169 million, or $0.90 per diluted share for the fourth quarter of fiscal year 2012. Non-GAAP net income excludes the effects of amortization of acquired intangible assets, stock-based compensation expenses and the tax effects related to these items.

Annual non-GAAP net income for fiscal year 2013 was $568 million, or $3.02 per diluted share, compared to $543 million, or $2.87 per diluted share for fiscal year 2012. Non-GAAP net income excludes the effects of amortization of acquired intangible assets, stock-based compensation expenses and the tax effects related to these items.

“We continued to see strong growth in our networking business for both the quarter and for the full year,” said David Henshall, acting chief executive officer and chief financial officer. “In the mobility space, XenMobile, while still early stage, also showed strong momentum. We are well positioned to help our customers embrace enterprise mobility by providing infrastructure and cloud services to build and manage secure, mobile workspaces.”

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