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Create the future you want! Learn to make money online. Visit our website and start today! www.exclusivebizopps.com Citrix Reports Second Quarter Results with Year-Over-Year Revenue Growth of 25%
Citrix Reports Second Quarter Results with Year-Over-Year Revenue Growth of 25% and Earnings Per Share Up 5% Over Comparable Period Last YearAdjusted Earnings Per Share Up 11% Over Comparable Period Last YearOnline Stock Market Trading FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--July 21, 2004-- Citrix
Systems, Inc. (Nasdaq:CTXS), the global leader in access
infrastructure
solutions, today reported
results for the second quarter ended June 30, 2004. Revenues for
the second quarter of 2004 were $178.3 million, compared to
$143.0 million in the same period of the prior year,
representing a 24.6 percent increase. Deferred revenue grew to
$193.8 million, compared to $128.2 million in the same period of
the prior year, representing an increase of 51.2 percent. For fiscal year 2006, Citrix reported annual revenues of $1.134 billion, compared to $909 million in 2005, a 25% increase. For fiscal year 2007, the company expects net revenues to be around $1.31 billion. For the first quarter of 2007, Citrix reported revenues of $308 million, compared to $260 million in the first quarter of 2006, an 18% revenue growth. Stock Investing Course Net income for the second quarter of 2004 was $31.5 million, or $0.18 per diluted share, compared to $29.3 million, or $0.17 per diluted share, for the same period a year ago. Stamps.com Reports Second Quarter 2000 Financial Results Second Quarter Revenue Grows 80 Percent SANTA MONICA, Calif. July 13, Stamps.com today announced that second quarter revenue was $3.7 million, an increase of 80 percent over first quarter revenue. cash charges was $34.4 million, or $0.72 per share based on the weighted average common shares outstanding of 48.0 million. term investments ended the second quarter at $333.6 million, or $7 per share. Stock Market Game Adjusted Results Stamps.com Reports Third Quarter 2003 Financial Results Revenue Up 32% Year over Year; Customer Acquisition Momentum Builds SANTA MONICA, October 29, Stamps.com™ ( STMP) today announced financial results for the third fiscal quarter ended September 30, 2003. Third quarter revenue was up 32% versus the same quarter last year, and up 7% versus the second fiscal quarter of 2003. In addition, the company reported an increase in customer acquisition during the third quarter, particularly with higher value Power Plan customers. Stock Investing Game Net income, adjusted to exclude the effects of amortization of intangible assets, was $35.4 million for the second quarter of 2004, or $0.20 per diluted share, compared to $31.1 million, or $0.18 per diluted share, in the comparable period last year. ScanSoft reported second quarter 2003 revenue of $27.7 million, a six percent increase over second quarter 2002 revenue of $26.2 million. related intangible assets and restructuring and other charges was $1.3 million, or $0.02 per diluted share, compared with $4.2 million, or $0.05 per diluted share, for the second quarter of 2002. related intangible assets and restructuring and other charges, ScanSoft reported a second quarter 2003 net loss of $2.6 million, or $0.04 per share, compared with second quarter 2002 net income of $1.9 million, or $0.03 per diluted share. Journal Prime Rate Street Wall "We delivered an excellent quarter with double-digit revenue growth, strong deferred revenue growth, solid performance from the Citrix Online Division, and continued momentum in our Subscription Advantage business," said Mark Templeton, president and chief executive officer for Citrix. Stamps.com Reports First Quarter 2001 Financial Results Company reports 158% growth in revenue over first quarter 2000, with 39% gross margin and narrowed losses SANTA MONICA, Calif. April 17, Stamps.com™ ( STMP) today announced that revenue in the first quarter of 2001 was $5.3 million, an increase of 158% over the first quarter of 2000. Stock Market News "Overall, I believe our results demonstrate that we are executing well in elevating access from a tactical component of information technology to a strategic element of business." Stock Investing Basics Q2 2004 Financial Highlights Stock Investing Software -- Citrix closed five customer agreements worth more than $1 million; all 10 of the top 10 agreements were greater than $500,000. Stock Market Trading -- By segment, Americas revenue grew 11 percent; EMEA revenue grew 21 percent; and APAC revenue grew 43 percent compared to last year. Stock Investing For Dummy -- License revenue was flat sequentially and down 5 percent compared to last year. Stock Market Crash -- License update revenue was up 14 percent sequentially and up 69 percent compared to last year. Stock Investing Tip -- Services revenue, excluding Citrix Online, was up 8 percent sequentially and up 16 percent over last year. Stock Market Chart -- Citrix Online revenue was $10.5 million for the quarter, the company's first full quarter of combined operations. Online Stock Investing -- Operating margin was 21 percent for the quarter; operating margin adjusted to exclude the effects of amortization of intangible assets was 24 percent. Stock Market Crash Of -- Cash flow from operations for the quarter was $45 million, compared to $54 million last year. Stock Investing For Beginner Financial Outlook Finance Journal Personal Citrix management offers the following expectations for the quarter ending September 30, 2004: Stock Market Report -- Net revenue is expected to be in the range of $175 million to $185 million Finance Investing Stock Market -- GAAP earnings per share is expected to be in the range of $0.17 to $0.19 Wall Street Journal Com -- Adjusted earnings per share, which excludes the effect of amortization of intangible assets primarily related to business combinations, is expected to be in the range of $0.19 to $0.21 Stock Market Investing Advice The financial outlook statements above are based on current expectations and these statements are forward-looking. The actual results may differ materially. Street Trader Wall Customer Highlights Indian Stock Market Citrix closed several large customer agreements during the quarter, including France Telecom, London Borough of Haringey, and US Air Force Personnel Command. Stock Investing Advice France Telecom, one of the world's leading telecommunications carriers with 118.6 million customers on five continents, continued its rollout of Citrix access infrastructure with the implementation of more than 14,000 additional seats of Citrix(R) MetaFrame(R) Presentation Server. This expansion of the Citrix deployment enables secure, easy and instant access to business-critical applications, including SAP, Vantive and many applications geared specifically to the telecommunications industry, regardless of location or network connection. Free Journal Street Wall Haringey, one of London's 32 boroughs, has licensed 3,800 Citrix MetaFrame Presentation Server seats. With Citrix access infrastructure, Haringey will provide managed access to shared resources, allowing borough employees to securely access more than 70 Microsoft(R) and proprietary applications used daily in the ongoing management and development of the borough. Stock Market Information US Air Force Personnel Command has implemented 5,000 licenses of Citrix MetaFrame Presentation Server and MetaFrame Password Manager to facilitate centralized and cost-effective application deployment and ensure the security of its network. With Citrix access infrastructure, the US Air Force Personnel Command benefits from secure, easy and instant access to its Oracle human resources applications. Penny Stock Investing Citrix Online Stock Market Stock Since its acquisition on March 1, 2004, the Citrix Online business has performed on plan and has generated excitement from Citrix's customer base. Beginning this quarter, Citrix will take the next step in its plan to integrate Citrix Online and further leverage the Citrix brand, channel partners and installed base for its new service-based products. Stock Market Investing Basics In conjunction with the next phase of the integration process, Andreas von Blottnitz, who has successfully led Citrix Online for the past five years, will be leaving Citrix in the fourth quarter. von Blottnitz sees this new phase of integration as the best time for a smooth transition. Brett Caine, senior vice president of sales for Citrix Online, will assume the responsibilities of president beginning August 1, 2004. von Blottnitz will continue to consult with the company to ensure a smooth transition through October 1, 2004. Black Hoodies Street Wall Caine has successfully run sales for Citrix Online for the past year, helping the business reach its sales goals and providing additional operational discipline. Caine will report to John Burris, senior vice president of worldwide sales and services for Citrix. Stock Market Trading Tip "Brett has delivered outstanding results since joining the division," said Klaus Schauser, founder and chief technology officer for Citrix Online. "Brett has the full support of the management team in Santa Barbara as well as the executive team at Citrix to lead the division and drive a smooth hand-off. We look forward to much closer sales and marketing coordination to gain partner and customer synergy and leverage." Stock Option Investing Product Highlights Small Cap Stock Investing During the second quarter, Citrix introduced MetaFrame Access Suite 3.0, delivering to customers a complete and integrated access infrastructure solution. This new version of the MetaFrame Access Suite delivers security, mobility, flexibility, productivity and performance, including the comprehensive management of MetaFrame Presentation Server, the mobility and flexibility benefits of MetaFrame Secure Access Manager, the single sign-on (SSO) and password security offered by MetaFrame Password Manager, and the collaborative resources of MetaFrame Conferencing Manager. One of the most important advances of the Citrix MetaFrame Access Suite 3.0 is SmoothRoaming, a new capability that ensures consistent mobile access that is always on, and allows computing environments to follow users across locations, devices and access outages. Value Stock Investing In other product news of the quarter, the popular products of the Citrix Online Division continued to draw industry accolades. In April, Citrix GoToMyPC(R) Corporate was chosen as a finalist in eWeek's Excellence Awards program in the Personal Productivity category. The finalists were selected from hundreds of high-quality entries by teams composed of eWeek Labs analysts, eWeek Corporate Partners, and senior IT professionals who represent eWeek's readers. Citrix GoToMyPC also received PC World's 2004 World Class Award for best remote-access software for the second consecutive year, clearly establishing itself as the market leader in the Web-based remote access software category for its fast, easy and secure access to desktop PCs. Additionally, Citrix GoToAssist(TM) earned top distinctions from Customer Interaction Solutions magazine, which awarded GoToAssist the 2004 CRM Excellence Award, and CRM Advocate, which named GoToAssist the winner in The Sixth Annual Users Choice Awards in the service and support category. Invest Stock Market Conference Call Information Stock Investing System Citrix will host a conference call today at 4:45 p.m. ET to discuss its financial results, quarterly highlights and business outlook. The call will include a slide presentation, and participants are encouraged to listen to and view the presentation via webcast at http://www.citrix.com/investors. How To Invest In The Stock The conference call may also be accessed by dialing: (888) 799-0519 or (706) 634-0155 using the passcode CITRIX. A replay of the webcast can be viewed by visiting the Investor Relations section of the Citrix corporate website at http://www.citrix.com/investors through August 4, 2004. In addition, an audio replay of the conference call will be available through July 28, 2004 by dialing (800) 642-1687 or (706) 645-9291 (passcode required: 8494672). Beginner Investing Market About Citrix Black Real Street Wall Citrix Systems, Inc. (Nasdaq:CTXS) is the global leader in access infrastructure solutions and the most trusted name in secure access for enterprises and individuals. Nearly 50 million people in more than 120,000 organizations around the world use Citrix every day. Our software gives people secure and well-managed access to business information wherever it resides -- on demand. Citrix customers include 100% of the Fortune 100 companies, 99% of the Fortune 500, and 92% of the Fortune Global 500. Based in Fort Lauderdale, Florida, Citrix has offices in 22 countries, and more than 7,000 channel and alliance partners in more than 100 countries. For more information visit http://www.citrix.com. Bond Investing Stock For Citrix Investors Stock Market Prices This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Investors are cautioned that statements in this press release, which are not strictly historical statements, including, without limitation, statements by management, the statements contained in Financial Outlook, and in the reconciliation of non-GAAP financial measures to comparable U.S. GAAP measures concerning management's forecast of revenue and earnings per share, statements regarding existing and new products, and management's plans, objectives and strategies, including integration plans, constitute forward-looking statements. Such forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated by the forward-looking statements, including, without limitation, the success of the company's product lines; the company's product concentration and its ability to develop and commercialize new products and services; the success of investments in foreign operations and markets; the company's ability to successfully integrate the operations and employees of acquired companies, and the possible failure to achieve anticipated revenues and profits from acquisitions; the company's success in expanding into new geographic and vertical markets; the company's ability to maintain and expand its core business in large enterprise accounts; the size, timing and recognition of revenue from significant orders; the effect of new accounting pronouncements on revenue and expense recognition; the company's reliance on and the success of the company's independent distributors and resellers for the marketing and distribution of the company's products and the success of the company's Advisor Rewards program; increased competition, including potential competition from Microsoft and other companies; changes in the company's pricing policies or those of its competitors; management of operations and operating expenses; charges in the event of the impairment of assets acquired through business combinations and licenses; the management of anticipated future growth and the recruitment and retention of qualified employees; competition and other risks associated with the market for our Web-based access, training and customer assistance products; as well as risks of downturns in economic conditions generally; political and social turmoil; and the uncertainty in and the effects of a weakened IT spending environment which has impacted the overall demand for software and related services; and 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. Free Stock Investing Citrix(R), MetaFrame(R) and Subscription Advantage(TM) are registered trademarks or trademarks of Citrix Systems, Inc. in the U.S. and other countries. GoToMyPC(R) and GoToAssist(TM) are registered trademarks or trademarks of Citrix Online LLC in the U.S. and other countries. Microsoft(R) is a registered trademark of Microsoft Corporation in the U.S. and/or other countries. All product and company names herein may be trademarks of their respective owners. Analyst Street Wall Use of Non-GAAP Financial Measures Stock Market Data This press release contains non-GAAP financial measures as defined by SEC Regulation G. These non-GAAP financial measures should not be construed as superior to GAAP financial measures. The GAAP financial measure most directly comparable to each non-GAAP financial measure used or discussed in this press release (if available) and a reconciliation of the differences between each non-GAAP financial measure and the comparable GAAP financial measure are included in this press release after the condensed consolidated financial statements and can be found on the Investor Relations page of the Citrix corporate Web site at http://www.citrix.com/investors. Gold Stock Investing CITRIX SYSTEMS, INC. Street Wall Words Condensed Consolidated Statements of Income Stock Market Online Investing Three Months Ended Six Months Ended Direct Stock Investing Cost of revenues 4,925 5,036 9,161 9,767 Stock Market Investing Guide Operating expenses: Investing Growth Stock Income from operations 37,092 35,498 53,789 73,426 China Stock Market Income taxes 8,366 7,772 10,845 16,831 Christian Investing Stock Earnings per common share - Stock Market Investing Note: The above presentation of adjusted net income and adjusted earnings per share has been adjusted to exclude the effect of amortization of core technology and other intangible assets primarily related to business combinations of $5.5 million and $2.7 million for the three months ended June 30, 2004 and 2003, respectively, and $9.2 million and $5.7 million for the six months ended June 30, 2004 and 2003, respectively. For the six months ended June 30, 2004, adjusted net income and adjusted diluted earnings per share have also been adjusted to exclude the effects of the write-off of deferred debt issuance costs of $7.2 million and in-process research and development of $18.7 million. Choice From In Street Tough Condensed Consolidated Balance Sheets Stock Market Index June 30, 2004 December 31, 2003 Free Stock Market Quote Cash and short-term investments $240,365 $612,314 Investing In Stock Option Long-term investments 281,491 285,957 Com Journal Street Wall How Made In The Stock Market Accounts payable and accrued expenses $107,682 $114,456 Bonus Street Wall Long-term portion of deferred Investing Market Stock Stockholders' equity 847,195 706,798 Stock Trading Investing --------------- ----------------- Stock Market History Reconciliation of Non-GAAP Financial Measures to Comparable U.S. GAAP Measures Stock Investing Research (Unaudited) Article Journal Street Wall We utilize certain non-GAAP financial measures to evaluate our performance. We consider these measures important indicators of our success. In addition, Citrix provides these non-GAAP measures of the company's performance to investors to enable them to, among other things, better compare Citrix's most recent results of operations against financial models prepared by the company's investors and securities analysts, and to provide additional information concerning the impact of business acquisitions on Citrix's results of operations. These measures should not be considered an alternative to measurements required by accounting principles generally accepted in the United States ("U.S. GAAP") such as net income and earnings per share and should not be considered measures of our liquidity. In addition, our non-GAAP financial measures may not be comparable to similar measures reported by other companies. World Stock Market The following tables reconcile non-GAAP financial measures used in this release to the most comparable U.S. GAAP measure for the respective periods (in thousands, except for per share information and percentages): Stock Investing Newsletter Three Months Ended June 30, 2004 Journal Online Street System U.S. GAAP measure $136,285 $37,092 20.8% $31,475 $0.18 Stock Market Ticker Adjustments to Archive Journal Street Wall Adjusted figures $130,814 $42,563 23.9% $35,433 $0.20 Stock Market For Dummy Three Months Ended June 30, 2003 Investing Stock Uk U.S. GAAP measure $102,515 $35,498 24.8% $29,344 $0.17 Us Stock Market Adjustments to Preferred Stock Investing Adjusted figures $99,816 $38,197 26.7% $31,081 $0.18 Stock Market Timing Six Months Ended June 30, 2004 Investing At Stock Market Earnings Per Share - Guide Journal Street Wall U.S. GAAP measure $40,800 $0.23 Stock Market Holidays Internet Stock Investing In-process research and Martin Street Wall Winning Adjusted figures $68,204 $0.39(a) Stock Market Investment Six Months Ended June 30, 2003 Stock Market Investing For Earnings Per Share - China From Great In Invest U.S. GAAP measure $59,673 $0.35 Stock Market Strategy Adjustments to exclude the Strategy For Stock Investing Adjusted figures $63,276 $0.37 Journal Newspaper Street Wall Forward-looking Guidance India Stock Market U.S. GAAP measure $0.17 to $0.19 Investing Stock Adjustments to exclude the effects of amortization $0.02 Bond Street Wall Adjusted figures $0.19 to $0.21 Bird Flu Market Stock (a) Amounts may not add due to rounding. 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