GEC NEWS WIRECitrix has appointed long-time CFO and COO David Henshall to the role of president and CEO. Mr. Henshall is tasked with accelerating the company’s cloud transformation strategy as well as improving its profit margin. Mark Coyle, SVP of Finance, will be assuming the role of interim CFO. Additionally, the board announced the formation of a new board committee focused on margin expansion, capital allocation and cloud transformation, and the company reaffirmed its financial guidance for the second quarter 2017.
David Henshall said, “We have a talented team at Citrix, and I am honored to lead Citrix through this new chapter. We have created an impressive platform of best-in-class products and services that customers and partners rely on every day to embrace the future of work. I can assure you that we will continue to deliver and innovate for our customers and partners as we move forward as a more powerful Citrix.”
“Q2 demonstrated that the momentum of our cloud transformation is accelerating, resulting in a year-over-year double-digit increase in deferred revenue. Broad-based demand from customers for Citrix Cloud and other subscription solutions was strong, demonstrating the value of the innovation we are delivering to customers and partners.”
