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a bit about  Citrix

Citrix Reports 2010 Fourth Quarter and Fiscal Year Financial Results

Quarterly revenue of $530 million up over 17% year-over-year

Quarterly deferred revenue increases $99 million sequentially

Fourth quarter GAAP diluted earnings per share of
.49

Fourth quarter non-GAAP diluted earnings per share of
.65

SANTA CLARA, Calif. — Jan. 26, 2011 — Citrix Systems, Inc. (NASDAQ:CTXS) today reported financial results for the fourth quarter and fiscal year ended December 31, 2010.

FINANCIAL RESULTS

In the fourth quarter of fiscal 2010, Citrix achieved revenue of $530 million, compared to $451 million in the fourth quarter of fiscal 2009, representing 17 percent revenue growth. For the fiscal year 2010, Citrix reported annual revenues of $1.87 billion, compared to $1.61 billion in the previous year, a 16 percent increase.

Q4 Financial Summary

In reviewing the fourth quarter results of 2010, compared to the fourth quarter of 2009:

? Product license revenue increased 17 percent;

? Revenue from license updates grew 13 percent;

? Online services revenue grew 16 percent;

? Technical services revenue, which is comprised of consulting, education and technical support, grew 40 percent;

? Revenue increased in the Americas’ region by 27 percent, the EMEA region by 7 percent and the Pacific region by 15 percent;

? Deferred revenue totaled $779 million, compared to $619 million on December 31, 2009;

? GAAP operating margin was 21 percent for the quarter, and non-GAAP operating margin was 28 percent for the quarter, excluding the effects of amortization of intangible assets primarily related to business combinations, stock-based compensation expense and costs associated with the 2009 restructuring program;

? Cash flow from operations was $179 million, compared with $178 million in the fourth quarter of 2009; and

? The company repurchased 1.9 million shares at an average price of $65.90.

Annual Financial Summary

In reviewing 2010 results compared to 2009 results:

? Product license revenue grew 15 percent;

? License updates revenue grew 13 percent;

? Online services revenue grew 17 percent;

? Technical services revenue, which is comprised of consulting, education and technical support, grew 31 percent;

? Revenue increased in the Americas’ region by 20 percent, the EMEA region by 8 percent, and the Pacific region by 21 percent;

? GAAP operating margin was 17 percent for fiscal 2010, and non-GAAP operating margin was 26 percent, excluding the effects of amortization of intangible assets primarily related to business combinations, stock-based compensation expense and costs associated with the 2009 restructuring program.

? Cash flow from operations was $616 million for fiscal 2010 compared with $484 million last year; and

? During fiscal 2010, the company repurchased 8.3 million shares at an average price of $53.14.

Financial Outlook for Fiscal Year 2011

Citrix management expects to achieve the following results during its fiscal year 2011 ending December 31, 2011:

? Net revenue is expected to be in the range of $2.10 billion to $2.14 billion;

? GAAP diluted earnings per share is expected to be in the range of $1.78 to $1.84. Non-GAAP diluted earnings per share is expected to be in the range of $2.29 to $2.33, excluding
.34 related to the effects of amortization of intangible assets primarily related to business combinations,
.45 related to the effects of stock-based compensation expenses, charges recorded in conjunction with the company’s 2009 restructuring program, if any, and $(0.24) to $(0.34) for the effect of the differential between the GAAP and non-GAAP tax rates and tax effects related to these items.

The above statements are based on current expectations. These statements are forward-looking, and actual results may differ materially.

Financial Outlook for First Quarter 2011

Citrix management expects to achieve the following results during its first fiscal quarter of 2011 ending March 31, 2011:

? Net revenue is expected to be in the range of $470 million to $475 million; and

? GAAP diluted earnings per share is expected to be in the range of
.27 to
.28. Non-GAAP diluted earnings per share is expected to be in the range of
.40 to
.41, excluding
.08 related to the effects of amortization of intangible assets primarily related to business combinations,
.11 related to the effects of stock-based compensation expenses, charges recorded in conjunction with the company’s 2009 restructuring program, if any, and $(0.05) to $(0.07) for the effect of the differential between the GAAP and non-GAAP tax rates and tax effects related to these items.

? Non-GAAP tax rate, which excludes the effects of amortization of intangible assets primarily related to business combinations, stock-based compensation expense and charges recorded in conjunction with the company’s 2009 restructuring program, if any, is expected to be in the range of 22% to 23%.

The above statements are based on current expectations. These statements are forward-looking, and actual results may differ materially.

Company, Product and Alliance Highlights

During the fourth quarter of 2010, Citrix announced:

? Entered into a definitive agreement to acquire Netviewer AG, a privately held European software-as-a-service (SaaS) vendor in collaboration and IT services. Citrix currently expects this acquisition to close in the first quarter of 2011.

? The worldwide availability of Citrix® XenDesktop® 5, which supports a wide range of new consumer devices, thousands of new third-party products and an entirely new generation of web and SaaS applications. Citrix also announced a new Desktop Transformation Model, which includes a variety of technical services to accelerate desktop virtualization implementations.

? Citrix Receiver™for Chrome Notebooks, which will allow Google customers to run their existing Windows business applications directly on the new web-based Chrome notebooks with a native user experience, fast performance and full enterprise security.

? A new version of Citrix XenServer® with significant new storage and networking innovations.

? Two additions to the Citrix OpenCloud™platform, Access and Bridge, that extend the trust, performance and security of the enterprise datacenter to any internal or external cloud environment, regardless of hypervisor, network or application type.

? A major release of Citrix Receiver that adds extensive user experience enhancements to the company’s universal software client for accessing any existing business application, desktop or document on any device. Enhancements include the ability to touch-enable existing Windows applications on any touchscreen tablet and smartphone as well as support for a broad range of new devices, such as the BlackBerry PlayBook, Cisco Cius, Dell Streak and the Samsung Galaxy offerings.

? New Citrix NetScaler® VPX™web application delivery software certified to integrate with HP’s high-performance 5400zl and 8200zl switch series to converge datacenter switching and load balancing into a single device to lower operational costs, increase application availability and speed-up performance.

About Citrix

Citrix Systems, Inc. (NASDAQ:CTXS) is a leading provider of virtual computing solutions that help companies deliver IT as an on-demand service. Founded in 1989, Citrix combines virtualization, networking, and cloud computing technologies into a full portfolio of products that enable virtual workstyles for users and virtual datacenters for IT. More than 230,000 organizations worldwide rely on Citrix to help them build simpler and more cost-effective IT environments. Citrix partners with over 10,000 companies in more than 100 countries. Annual revenue in 2010 was $1.87 billion.