Citrix Reports Q1

FORT LAUDERDALE, Fla. -- Citrix Systems, Inc. (Nasdaq:CTXS), the global leader in application delivery infrastructure, today reported financial results for the first quarter of fiscal 2008 ended March 31, 2008.

Financial Results

In the first quarter of fiscal 2008, Citrix achieved revenue of $377 million, compared to $308 million in the first quarter of fiscal 2007, representing 22 percent revenue growth.

GAAP Results

Net income for the first quarter of fiscal 2008 was $34 million, or $0.18 per diluted share, compared to $38 million, or $0.20 per diluted share for the first quarter of 2007.Non-GAAP Results

Non-GAAP net income in the first quarter of 2008 increased 16 percent to $66 million, or $0.35 per diluted share, compared to $57 million, or $0.31 per diluted share, in the comparable period last year. Non-GAAP net income excludes the effects of amortization of intangible assets primarily related to business combinations, stock-based compensation expenses, the write-off of in-process research and development and the tax effects related to those items.

I’m delighted with another great quarter of growth,” said Mark Templeton, president and chief executive officer for Citrix. “Our focus and investments in building a more global footprint, product line breadth, and business model diversity is serving us well.”

Citrix Systems Inc.