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. Citrix 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.

Fort Lauderdale, US
Size (employees)
7,500 (est)-21%
Citrix was founded in 1989 and is headquartered in Fort Lauderdale, US
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Key People/Management at Citrix

David Henshall

David Henshall

Chief Executive Officer and President
PJ Hough

PJ Hough

Chief Product Officer
Bob Calderoni

Bob Calderoni

Executive Chairman
Tim Minahan

Tim Minahan

Senior Vice President, Business Strategy and Chief Marketing Officer
Mark Coyle

Mark Coyle

Senior Vice President of Finance
Andrew del Matto

Andrew del Matto

Executive Vice President and Chief Financial Officer
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Citrix Office Locations

Citrix has offices in Coral Gables, Tokyo, Fort Lauderdale, Santa Clara and in 3 other locations
Fort Lauderdale, US (HQ)
851 W Cypress Creek Rd
Coral Gables, US
2525 Ponce De Leon Blvd
Santa Clara, US
4988 Great America Pkwy
Hong Kong, HK
Suite 6301-10, 63rd Floor One Island East 18 Westlands Road
Bengaluru, IN
33 Ulsoor Rd
Tokyo, JP
Kasumigaseki Common Gate West
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Citrix Financials and Metrics

Citrix Financials

Citrix's revenue was reported to be $3.42 b in FY, 2016 which is a 4.4% increase from the previous period.

Revenue (Q3, 2017)

690.9 m

Gross profit (Q3, 2017)

585 m

Gross profit margin (Q3, 2017), %


Net income (Q3, 2017)

126.7 m

EBIT (Q3, 2017)

136.7 m

Market capitalization (25-Apr-2018)

15 b

Cash (30-Sep-2017)

940.9 m


14.1 b
Citrix's current market capitalization is $15 b.
USDFY, 2014FY, 2015FY, 2016


3.1 b3.3 b3.4 b

Revenue growth, %


Cost of goods sold

620.2 m614.4 m559.5 m

Gross profit

2.5 b2.7 b2.9 b
USDFY, 2014FY, 2015FY, 2016


260.1 m368.5 m957 m

Accounts Receivable

674.4 m669.3 m725.9 m

Prepaid Expenses

166 m132.8 m138.8 m


166 m132.8 m12.5 m
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017


298.5 m279.4 m242.8 m402.9 m362.3 m527.6 m513.3 m666.2 m1.3 b908 m844.8 m940.9 m

Accounts Receivable

510.9 m506.4 m465.6 m438.2 m501 m467.8 m450 m504.4 m475.1 m485.8 m541.3 m464.8 m

Prepaid Expenses

138.4 m152.8 m164.9 m186.2 m155 m141.7 m169.6 m135 m119.5 m170.1 m176.1 m168.2 m


12.5 m14.2 m16.5 m12 m12.7 m10.9 m12.2 m11.5 m14.8 m15.2 m13.2 m14.9 m
USDFY, 2014FY, 2015FY, 2016

Net Income

251.7 m319.4 m536.1 m

Depreciation and Amortization

330.3 m392.9 m249 m


(1.2 m)703 k(4.1 m)

Accounts Payable

40 k11 m(20.9 m)
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

55.9 m109 m156.5 m28.9 m132.2 m188.1 m83.5 m204.4 m336.3 m27.6 m136.5 m263.2 m

Depreciation and Amortization

70 m168.8 m236.8 m65.2 m151 m295.8 m71 m149 m219.2 m49.3 m97.4 m149.8 m


1.1 m(1.1 m)(4.3 m)319 k(771 k)1.1 m(2.1 m)(1.5 m)(5.4 m)(2.8 m)(1.4 m)(3.4 m)

Accounts Payable

(1.3 m)2.7 m7.5 m1.9 m38 k6.7 m(14.6 m)72.6 m85.7 m(8.2 m)(9.3 m)(17 m)
USDY, 2017


103.3 x


19.9 x


72 k

Financial Leverage

2.8 x
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Citrix Operating Metrics

Citrix's Users was reported to be 10 m in Q4, 2014.
Q4, 2014Q4, 2015Q2, 2016Q4, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017


90 86 96 47 76 62 107

Unique Customers

2.60 k2.50 k2 k1.90 k2.20 k


100 100 100


10 m
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Citrix Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
GetGo Technologies Ireland Limited
Citrix Systems Italy S.r.L.
Citrix Systems Korea Limited
Citrix Systems Norway AS
Citrix Systems Puerto Rico Corp.
Citrix Systems Slovakia SRO
Citrix Systems UK Limited
GetGo Communications LLC
GetGo Software Technologies India Private Limited
Peninsula Investment Corp.
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Citrix News and Updates

BRIEF-01 Communique Provides Update In Patent Litigation With Citrix


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