Citrix Q1 2014 result: revenues up 12%, net income dips marginally

Citrix today said its Q1 2014 revenue rose 12 percent to $751 million, while net income decreased marginally to $56 million from $60 million. Main growth drivers include mobile and desktop, cloud networking, and SaaS.

“Our customers are looking for ways to embrace mobility, the cloud, IT consumerization and BYOD,” said Mark Templeton, CEO for Citrix.

Citrix said product and license revenue increased 7 percent. Software as a service revenue increased 14 percent. Revenue from license updates and maintenance increased 9 percent. Professional services revenue, which is comprised of consulting, product training and certification, increased 60 percent.

Mark Templeton, CEO for Citrix

Citrix said revenue increased in the EMEA region by 15 percent, increased in the Americas region by 9 percent, and increased in the Pacific region by 8 percent.

Citrix expects net revenue to be in the range of $765 million to $775 million in the second quarter of 2014.

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