Citrix

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Citrix Systems is a cloud company focused on providing networking, virtualization, and remote access software applications. The company offers server, application, and desktop virtualization, networking, software-as-a-service, and cloud computing technologies, including Xen open-source products. Citrix is organized into three units: Workspace Services, Delivery Network, and Mobility Apps. The company licenses its services and products directly to clients, including IT professionals, SMEs, and through companies called value-added resellers that resell the products and services after adding additional features.

TypePublic
Founded1989
HQFort Lauderdale, USMap
Websitecitrix.com
Culture scoreCMore
View Jobs (377)

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Latest Updates

Employees (est.) (Dec 2019)8,400(+3%)
Job Openings377
Revenue (FY, 2019)$3 B(+2%)
Share Price (May 2020)$137

Key People/Management at Citrix

David Henshall

David Henshall

President and Chief Executive Officer
Jeroen van Rotterdam

Jeroen van Rotterdam

Executive Vice President of Engineering, acting CISO
Mark J. Schmitz

Mark J. Schmitz

Executive Vice President and Chief Operating Officer
PJ Hough

PJ Hough

Executive Vice President and Chief Product Officer
Tony Gomes

Tony Gomes

Executive Vice President and General Counsel
Tim Minahan

Tim Minahan

Executive Vice President, Business Strategy and Chief Marketing Officer
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Citrix Office Locations

Citrix has offices in Fort Lauderdale, Coral Gables, Bengaluru, Tokyo and in 2 other locations
Fort Lauderdale, US (HQ)
851 W Cypress Creek Rd
Coral Gables, US
1 Alhambra Plaza, Floor PH
Bengaluru, IN
33 Ulsoor Rd
Tokyo, JP
Kasumigaseki Common Gate West Tower 23F 3-2-1, Kasumigaseki Chiyoda-ku
Singapore, SG
50 Collyer Quay #07-03, OUE Bayfront
Schaffhausen, CH
9 Rheinweg
Show all (6)

Citrix Financials and Metrics

Citrix Revenue

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Citrix's revenue was reported to be $3.01 b in FY, 2019 which is a 1.2% increase from the previous period.
USD

Revenue (Q1, 2020)

860.9m

Gross profit (Q1, 2020)

745.4m

Gross profit margin (Q1, 2020), %

86.6%

Net income (Q1, 2020)

181.2m

EBIT (Q1, 2020)

201.5m

Market capitalization (22-May-2020)

16.9b

Closing stock price (22-May-2020)

137.0

Cash (31-Mar-2020)

524.9m

EV

18.3b
Citrix's current market capitalization is $16.9 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

2.7b2.8b3.0b3.0b

Revenue growth, %

3%3%5%1%

Cost of goods sold

404.9m439.6m433.8m464.0m

Gross profit

2.3b2.4b2.5b2.5b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

662.7m693.2m690.9m697.2m742.4m732.5m719.1m748.7m732.9m860.9m

Cost of goods sold

102.5m109.3m105.9m108.3m108.7m103.9m107.5m110.5m126.9m115.6m

Gross profit

560.2m583.9m585.0m588.9m633.6m628.6m611.7m638.2m606.0m745.4m

Gross profit Margin, %

85%84%85%84%85%86%85%85%83%87%
show all
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

836.1m1.1b618.8m545.8m

Accounts Receivable

681.2m712.5m688.4m720.4m

Prepaid Expenses

124.8m147.3m174.2m187.7m

Inventories

12.5m13.9m21.9m15.9m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

908.0m844.8m940.9m954.7m1.0b1.2b1.6b504.7m493.8m524.9m

Accounts Receivable

485.8m541.3m464.8m427.9m528.4m413.5m482.6m530.1m426.8m700.0m

Prepaid Expenses

170.1m176.1m168.2m169.0m208.6m229.2m160.9m155.6m199.4m193.2m

Inventories

15.2m13.2m14.9m13.6m20.3m21.4m23.1m22.9m18.5m17.3m
show all
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

536.1m(20.7m)575.7m681.8m

Depreciation and Amortization

178.4m170.0m141.9m72.1m

Inventories

(4.1m)(2.5m)(8.2m)3.0m

Accounts Payable

(16.4m)(7.2m)6.8m9.0m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

27.6m136.5m263.2m144.3m251.1m409.9m110.3m203.8m474.7m181.2m

Depreciation and Amortization

49.3m97.4m149.8m51.9m106.3m161.6m62.5m118.7m188.4m53.7m

Inventories

(2.8m)(1.4m)(3.3m)34.0k(6.6m)(7.5m)(1.9m)(2.6m)443.0k(1.9m)

Accounts Payable

(8.2m)(9.3m)(17.0m)1.8m19.9m2.9m6.1m21.3m(2.6m)20.5m
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USDY, 2020

EV/EBIT

90.9 x

EV/CFO

64.5 x

Financial Leverage

-19.8 x
Show all financial metrics

Citrix Operating Metrics

Citrix's Customers was reported to be 400 k in FY, 2018. Citrix's Users was reported to be 100 m in FY, 2016.
FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Customers

330 k400 k400 k400 k400 k

Patents Issued

2.73 k3.25 k

Patents Pending

1.13 k1.49 k

Users

100 m100 m100 m
Show all operating metrics

Citrix Acquisitions / Subsidiaries

Company NameDateDeal Size
SaphoNovember 15, 2018$200 m
CedexisFebruary 06, 2018$66.30 m
UnideskJanuary 09, 2017
NorskaleSeptember 08, 2016
GoToMeeting-duplicateJuly 26, 2016
GrasshopperApril 08, 2015$161.50 m
SanbolicJanuary 12, 2015$89.40 m
OctobluDecember 01, 2014
Solid InstanceNovember 10, 2014
RightSignatureOctober 20, 2014
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Citrix Revenue Breakdown

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Citrix revenue breakdown by business segment: 68.1% from Digital Workspace, 27.5% from Networking and 4.5% from Other

Citrix revenue breakdown by geographic segment: 10.1% from APJ, 32.2% from EMEA and 57.7% from Americas

Citrix Online and Social Media Presence

Citrix's Trends

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Citrix Company Culture

  • Overall Culture

    C

    63/100

  • CEO Rating

    C-

    65/100

  • Compensation

    A

    80/100

  • Diversity

    C+

    69/100

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Citrix News and Updates

April 17, 2020

Collaboration between IT and HR helps enable productivity for Citrix employees

Citrix Systems Inc. is known for its virtual private networking, or VPN software, a technology very much in demand these days as much of the world’s employee base works from home. The company has been forced to adapt to the new realities of remote work itself, which has meant a close partnership be…
March 19, 2020

Thinking about trading options or stock in Akamai Technologies, Citrix Systems, Eli Lilly, Veeva Systems, or Walmart?

NEW YORK, March 19, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for AKAM, CTXS, LLY, VEEV, and WMT. Click a link below then choose between in-depth options trade idea report or a stock score report. Options Report – Ideal trade ideas on up to seven different...
February 19, 2020

Hackers Were Inside Citrix for Five Months

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February 19, 2020

Renasant Bank Delivers Modern Employee Experience with Citrix

Leading financial institution leverages digital workspace solutions to create flexible environment in which people can work when, where and how they want.read more
January 31, 2020

Citrix Systems sets $1 billion ASR, representing over 6% of the outstanding stock

Shares of Citrix Systems Inc. gained 0.4% in premarket trading Friday, after the workspace networking company announced a $1 billion accelerated stock repurchase (ASR) program. That will leave $750 million left in its share repurchase authorization. Based on Thursday's stock closing price of $122.5…
January 28, 2020

Patch now: Critical flaw in Citrix actively targeted by hackers

Hackers are actively targeting a critical flaw in software from Citrix Systems Inc. first uncovered last month with users warned that even if they patch now their systems may still be compromised. CVE-2019-19781 exposes networks using the Citrix Application Delivery Controller and Gateway products …
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Citrix Blogs

October 02, 2019

Approaching a zero-trust security model with Citrix Workspace – Part 1

About 10 years ago, Google pioneered a security model called BeyondCorp to separate application access from network access, with a heavy emphasis on user authentication and device validation. This model replaced their corporate VPN, and the design was based on …  Related Stories 企業のデジタルトランスフォーメーションを…
October 02, 2019

Citrix TIPS: Getting started with Windows Virtual Desktop

With the release of Microsoft Windows Virtual Desktop (WVD) and the availability of Day 1 support from Citrix, we’re excited to talk about all of the great work Citrix and Microsoft have done together to bring this solution to our …  Related Stories Citrix announces Day 1 support for Microsoft Windo…
October 02, 2019

The magic bullet: Modern digital workspaces

There are few universal truths that apply to the majority of workplaces around the world. There is one, though, that crosses industry groups, diverse businesses, and large and small organizations alike — people are the most valuable asset in any …  Related Stories We’re not in Kansas anymore: CIOs i…
October 02, 2019

Still using Receiver Cleanup Utility? It’s time to move on!

IT administrators working with Citrix products tell us that the very thought of installing or upgrading Citrix Workspace app for Windows reminds them of the Receiver Cleanup Utility. And yes, upgrading the app could sometimes be a tedious and annoying …  Related Stories Citrix announces Day 1 suppor…
October 01, 2019

A day in the life of an IT admin: Image provisioning edition

Good morning! You just woke up after finishing up a tough application migration. To make matters worse, you have a terrible headache. Life as an IT admin is hard; you had a change management window from 9 p.m. to 3 …  Related Stories Citrix announces Day 1 support for Microsoft Windows Virtual Deskt…
October 01, 2019

Citrix Endpoint Management joins the Citrix Cloud Government suite

Last year, the Citrix Cloud team announced general availability of Citrix Cloud Government. Built directly on Microsoft Azure Government, this platform is designed for local, state, and federal government agencies (and the commercial organizations that work with them). It’s …  Related Stories Citrix…
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 Citrix Frequently Asked Questions

  • When was Citrix founded?

    Citrix was founded in 1989.

  • Who are Citrix key executives?

    Citrix's key executives are David Henshall, Jeroen van Rotterdam and Mark J. Schmitz.

  • How many employees does Citrix have?

    Citrix has 8,400 employees.

  • What is Citrix revenue?

    Latest Citrix annual revenue is $3 b.

  • What is Citrix revenue per employee?

    Latest Citrix revenue per employee is $358.4 k.

  • Who are Citrix competitors?

    Competitors of Citrix include Vmware, Okta and Nutanix.

  • Where is Citrix headquarters?

    Citrix headquarters is located at 851 W Cypress Creek Rd, Fort Lauderdale.

  • Where are Citrix offices?

    Citrix has offices in Fort Lauderdale, Coral Gables, Bengaluru, Tokyo and in 2 other locations.

  • How many offices does Citrix have?

    Citrix has 6 offices.