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Technology Stocks : Citrix Systems (CTXS) -- Ignore unavailable to you. Want to Upgrade?

To: David Lawrence who wrote (7842)	4/19/2000 5:18:00 PM
From: jhg_in_kc	Respond to of 9068

21 cents, 2 over consensus. This should dispel the rumors that began taking the stock down a month or more ago. Now we can go up!!! Citrix Systems Reports Record Results;Revenues up 50% FORT LAUDERDALE, Fla. - April 19, 2000 - Citrix Systems, Inc. (Nasdaq: CTXS) today reported results for the first quarter ended March 31, 2000. Financial Highlights Net revenues for the first quarter ending March 31, 2000, were $127.5 million, up 50% from $85.0 million in the comparable period of the prior year. Net income, excluding the amortization of intangible assets relating to business combinations, was $43.9 million for the first quarter, or $0.21 per share, as compared to $28.2 million or $0.15 per share for the first quarter of 1999. Net income for the first quarter of 2000 was $38.5 million or $0.19 per share, as compared with net income of $25.8 million or $0.14 per share for the first quarter of 1999. In February 2000, Citrix effected a two-for-one stock split. All share and per share information has been adjusted to reflect the effect of the split. Business Highlights Business highlights in the quarter included the launch of three products, improved results in all geographic regions and continued investment for future opportunity, as follows: Three New Products Released -- Citrix launched MetaFrame? for Windows© 2000 Servers, MetaFrame for the Solaris? Operating System and NFuse?, a new Web application portal product, as part of extending these product lines into new markets. Strategic Acquisitions Announced -- Citrix acquired the Innovex Group to enhance its consulting-service offerings for integration partners and customers, and more recently, agreed to acquire India's PowerTel BOCA Ltd. to support growth in a key emerging market. ASP Market Leadership -- Citrix strengthened its position as an infrastructure leader in the application service provider (ASP) market with additional ASPs signing up for the Citrix iBusiness Program, and the announcement of a strategic partnership with IBM to make server-based application hosting in ASP data centers faster and easier. Improving Brand Awareness -- Citrix launched its "Digital Independence?" branding campaign worldwide as part of raising the visibility of the Citrix brand in the marketplace. "We believe that the key to achieving our growth goals is to couple strong financial performance with strategic investments for the future as we did in the first quarter," said Mark Templeton, Citrix president and CEO. "We intend to continue creating new opportunities by 'webifying' our offerings and building channel and customer support for the new products and services we launched in the first quarter." "We believe that continued growth in the application server markets creates a large opportunity for our application serving solutions," said Edward Iacobucci, Citrix chairman and CTO, "and we are focused on enhancing our existing offerings and developing new products to meet these market demands. This focus will position us to both deepen our value proposition for existing enterprise customers and open up new revenue streams with emerging opportunities such as the ASP market." About Citrix Founded in 1989, Citrix Systems, Inc. is a global leader in application server software and services that offer "Digital Independence?" - the ability to run any application on any device over any connection, wireless to Web. Its products, including MetaFrame? software and Independent Computing Architecture (ICA©), a core application-server technology, have been widely adopted by the corporate mainstream to achieve key business goals. The firm, which markets its solutions through value-added resellers, system integrators and OEM licenses, is headquartered in Fort Lauderdale, Florida. Citrix is traded on the Nasdaq National Market under the symbol CTXS and is part of the Standard & Poor's 500 Index.