Citrix has reported financial results for the first quarter of fiscal 2012 ended March 31, 2012. In the first quarter of fiscal 2012, Citrix achieved revenue of $589 million, compared to $491 million in the first quarter of fiscal 2011, representing 20-per cent revenue growth. Net income for the first quarter of fiscal 2012 was $68 million, or $0.36 per diluted share, compared to $74 million, or $0.38 per diluted share, for the first quarter of fiscal 2011.
Non-GAAP net income in the first quarter of fiscal 2012 was $111 million, or $0.59 per diluted share, compared to $97 million, or $0.50 per diluted share, in the first quarter of fiscal 2011. In addition non-GAAP net income for the first quarter of fiscal 2011 excludes amounts recorded in connection with the restructuring program that the company implemented in January 2009 and the related tax effect.
Mark Templeton, President & CEO, Citrix, said, "I am pleased with our strong start to 2012. We have made great strides in web collaboration, desktop virtualization and cloud networking, strengthening and solidifying our company and product leadership in these markets. We are expanding into fast-growing, adjacent markets, all fuelled by three powerful forces - the need for mobility, the enterprise cloud evolution, and the build-out of hosted cloud services."
