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Software Maker Citrix Smiles About Second-Quarter Earnings.(INTERNET & TECHNOLOGY)(Q & A)
Byline: Sheila Riley
Even in the economic downturn, a few tech companies are smiling -- not broadly, but still smiling.
Software maker Citrix Systems is one of those happier-than-average tech companies.
The reason? The Fort Lauderdale, Fla., company reported net income of 19 cents a share for the second quarter ended June 30, up from 10 cents in the year-ago quarter. Revenue totaled $147.3 million. That's up 39% from a year ago.
While the company says it's continuing to hire in "all critical areas," it recently let go about 6% of its U.S. staff. According to a Citrix spokesman, the layoffs were "based on skills assessment," not financial factors.
Mark Templeton, president and chief executive of Citrix, spoke with Investor's Business Daily recently about the company's growth.
IBD: What exactly does Citrix do?
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