GEC NEWS WIRESecond quarter GAAP operating margin of 15 percent; non-GAAP operating margin of 25 percent
For the second quarter of fiscal year 2015, Citrix achieved revenue of $797 million, compared to $782 million in the second quarter of fiscal year 2014, representing 2 percent revenue growth.Net income for the second quarter of fiscal year 2015 was $103 million. Non-GAAP net income for the second quarter of fiscal year 2015 was $163 million.
For the fiscal year ending December 31, 2015, Citrix management is targeting a net revenue in the range of $3.22 billion to $3.25 billion.
In yet another important news, company’s president and chief executive officer, Mark Templeton, has informed the board of directors of his plans to retire. Mr. Templeton will continue to serve as president and CEO and a director of the company until such time as a successor has been appointed.
“I will continue to focus on leading Citrix and driving value-creating change until we are ready to make a smooth transition,” said Mr. Templeton. “I have total confidence that the board will identify a great candidate to serve Citrix into the future.”
Moreover, Citrix Systems has entered into a cooperation agreement with Elliott Management Corporation; as part of the agreement, Elliott’s Jesse Cohn has been appointed to the Citrix board of directors to replace Asiff Hirji. “We believe the addition of new and fresh perspectives to our board will ensure Citrix continues to lead in application networking and virtualization markets,” said Thomas Bogan, lead independent director for Citrix.
