Citrix Systems recently reported financial results for the first quarter of fiscal 2011 ended March 31, 2011.
The company achieved revenue of $491 million, compared to $414 million in the first quarter of fiscal 2010, representing 18 percent revenue growth. Net income for the first quarter of fiscal 2011 was $74 million, or $0.38 per diluted share, compared to $47 million, or $0.25 per diluted share, for the first quarter of 2010.
“I’m pleased with our results for the first quarter,” said Mark Templeton, president and chief executive officer for Citrix. “Customer demand was solid across our core SaaS, desktop and networking markets, especially in the Americas and Pacific, supported by large, strategic technical services engagements.
In addition to quarterly financial results, Citrix also announced that its board of directors has authorized it to repurchase up to an additional $500 million of its common stock. As of March 31, 2011, approximately $11.5 million remained for repurchases from previous authorizations.
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