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INTERVIEW-UPDATE 1-Citrix sees robust orders, more acquisitions

Wed Jun 18, 2008 10:19am IST
 
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* to invest $200 mln in second R&D centre in India

* to add 500 engineering jobs in India over next 5 yrs

* says "feels good" about outlook for rest of 2008

* to make a handful of acquisitions in second half

* to close a handful of contracts valued at $1-$2 mln per qtr (Adds details)

By Jennifer Tan

SINGAPORE, June 18 (Reuters) - Software maker Citrix Systems Inc (CTXS.O: Quote, Profile, Research) expects orders to remain robust in the second half of 2008, as growth in its international operations outpaces a slowing market in the United States.

"We feel good about the outlook for the balance of the year, with all our international markets growing substantially faster than the U.S. market," Citrix Chief Financial Officer David Henshall told Reuters in an interview in Singapore.

"A lot of metrics continue to look really solid, largely because we are broadly diversified from a geographical standpoint and an industry standpoint, and our transaction values are relatively low for most of our customers," he added.  Continued...

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