Citrix Systems, Inc. (NASDAQ:CTXS) today announced that its board of
directors has authorized the company to repurchase up to an additional
$500 million of Citrix common stock. Citrix said it plans to buy shares
on the open market from time to time, depending on market conditions.
About Citrix
Citrix (NASDAQ:CTXS) is leading the transition to software-defining the
workplace, uniting virtualization, mobility management, networking and
SaaS solutions to enable new ways for businesses and people to work
better. Citrix solutions power business mobility through secure, mobile
workspaces that provide people with instant access to apps, desktops,
data and communications on any device, over any network and cloud. With
annual revenue in 2014 of $3.14 billion, Citrix solutions are in use at
more than 400,000 organizations and by over 100 million users globally.
Learn more at www.citrix.com.
For Citrix Investors
This release contains forward-looking statements which are made pursuant
to the safe harbor provisions of Section 27A of the Securities Act of
1933 and of Section 21E of the Securities Exchange Act of 1934. The
forward-looking statements in this release do not constitute guarantees
of future performance. Those statements involve a number of factors that
could cause actual results to differ materially, including risk that
additional stock repurchase authority may not be used by the Company
within a timeframe expected by investors or financial analysts or at
all, risks associated with the impact of the global economy and
uncertainty in the IT spending environment, revenue growth and
recognition of revenue, products and services, their development and
distribution, product demand and pipeline, economic and competitive
factors, the Company's key strategic relationships, acquisition and
related integration risks as well as other risks detailed in the
Company's filings with the Securities and Exchange Commission. Citrix
assumes no obligation to update any forward-looking information
contained in this press release or with respect to the announcements
described herein. The information provided is for informational purposes
only and is not a commitment, promise or legal obligation to deliver any
material, code or functionality and should not be relied upon in making
purchasing decisions or incorporated into any contract.
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.
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