Company Profile For Citrix Systems, Inc.

Citrix Systems, Inc. (CTXS.O) (Nasdaq)

sector: Technology · industry: IT Services & Consulting ·

As of 9:01pm IST

37.89USD

Price Change

-0.82

Percent Change

-2.12%

Analyst Recommendations

Overview

Citrix Systems, Inc. designs, develops and market technology solutions that allow applications to be delivered, supported, and shared on-demand with high performance, enhanced security, and improved total cost of ownership (TCO). The Company markets and licenses its products through multiple channels, such as value-added resellers (VARs), channel distributors, system integrators (Sis), independent software vendors (ISVs), its Websites and original equipment manufacturers (OEMs). The Company designs, develops, markets, sells and supports multiple products in an IT market category called Application Delivery Infrastructure. Its product family brand for all its infrastructure solutions is the Citrix Delivery Center. In October 2008, it acquired all of the issued and outstanding securities of Vapps, Inc. (Vapps).

Quick Financial Synopsis

BRIEF: For the nine months ended 30 September 2009, Citrix Systems, Inc.'s revenues decreased less than 1% to $1.16B. Net income decreased 13% to $102.9M. Revenues reflect lower income from product licenses due to decreased sales of our application virtualization products. Net income also reflects an increase in total cost of revenues, lower gross margin, the presence of restructuring expenses, a fall in income from operations and a decrease in interest income.