Citrix was founded in 1989 and is headquartered in Fort Lauderdale, US

President, CEO and Board Member

Interim CFO

SVP and General Manager, Delivery Networks

Area Vice President, Northern Europe

Citrix has offices in Fort Lauderdale, Santa Clara, Schaffhausen, Hong Kong and in 3 other locations

Fort Lauderdale, US (HQ)

851 W Cypress Creek Rd

Coral Gables, US

2525 Ponce De Leon Blvd

Bengaluru, IN

33 Ulsoor Rd

Tokyo, JP

Kasumigaseki Common Gate West

Hong Kong, HK

Suite 6301-10, 63rd Floor One Island East 18 Westlands Road

Schaffhausen, CH

9 Rheinweg

Citrix's revenue was reported to be $662.7 m in Q1, 2017

USD

## Revenue (Q1, 2017) | 662.7 m |

## Net income (Q1, 2017) | 27.6 m |

## EBIT (Q1, 2017) | 122.6 m |

## Market capitalization (22-Aug-2017) | 11.9 b |

## Cash (31-Mar-2017) | 908 m |

Citrix's current market capitalization is $11.9 b.

- Source: SEC Filings

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|

## Revenue | 3.1 b | 3.3 b | 3.4 b |

## Revenue growth, % | 8% | 4% | 4% |

## Sales and marketing expense | 1.3 b | 1.2 b | 1.2 b |

## R&D expense | 553.8 m | 564 m | 489.3 m |

## General and administrative expense | 319.9 m | 336.3 m | 377.6 m |

## Operating expense total | 2.2 b | 2.1 b | 2.1 b |

## EBIT | 302.3 m | 350.1 m | 649.2 m |

## EBIT margin, % | 10% | 11% | 19% |

## Interest expense | 28.3 m | 44.2 m | 44.9 m |

## Interest income | 9.4 m | 11.7 m | 16.7 m |

## Pre tax profit | 275.7 m | 311.9 m | 616.8 m |

## Income tax expense | 24 m | (7.5 m) | 80.7 m |

## Net Income | 251.7 m | 319.4 m | 536.1 m |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 781.6 m | 759 m | 760.8 m | 796.8 m | 813.3 m | 825.7 m | 843 m | 841.3 m | 662.7 m |

## R&D expense | 140.4 m | 137.9 m | 144.6 m | 140.2 m | 139.1 m | 124 m | 124.8 m | 126.9 m | 102.7 m |

## General and administrative expense | 75 m | 95.2 m | 82 m | 79.9 m | 79.8 m | 90.8 m | 97.1 m | 93.7 m | 76.2 m |

## Operating expense total | 215.4 m | 233.1 m | 226.7 m | 220.1 m | 218.9 m | 214.7 m | 221.9 m | 220.6 m | 178.9 m |

## EBIT | 54.4 m | 58.6 m | 51.7 m | 122.1 m | 63.8 m | 111 m | 153.1 m | 153.8 m | 122.6 m |

## EBIT margin, % | 7% | 8% | 7% | 15% | 8% | 13% | 18% | 18% | 19% |

## Interest expense | 7 m | 10.6 m | 11.1 m | 11 m | 11.1 m | 11.2 m | 11.2 m | 11.3 m | 11.6 m |

## Interest income | 2.1 m | 2.4 m | 2.8 m | 2.8 m | 3 m | 3.8 m | 4.2 m | 4.2 m | 5.6 m |

## Pre tax profit | 51 m | 48.2 m | 35.6 m | 110.7 m | 53.4 m | 102.5 m | 145.8 m | 147.3 m | 120 m |

## Income tax expense | (2 m) | 690 k | 6.7 m | 7.5 m | (2.6 m) | 19.1 m | 24.9 m | 15.4 m | 49.7 m |

## Net Income | 53 m | 47.5 m | 28.9 m | 103.3 m | 55.9 m | 83.5 m | 120.9 m | 131.9 m | 27.6 m |

- Source: SEC Filings

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Cash | 280.7 m | 260.1 m | 368.5 m | 957 m |

## Inventories | 111 m | 166 m | 132.8 m | 12.5 m |

## Current Assets | 1.6 b | 1.7 b | 1.7 b | 2.6 b |

## PP&E | 339 m | 367.8 m | 373.8 m | 343.8 m |

## Goodwill | 1.8 b | 1.8 b | 2 b | 2 b |

## Total Assets | 5.2 b | 5.5 b | 5.5 b | 6.4 b |

## Accounts Payable | 78.5 m | 79.9 m | 95.4 m | 84.1 m |

## Current Liabilities | 1.5 b | 1.6 b | 1.7 b | 3.1 b |

## Additional Paid-in Capital | 4 b | 4.3 b | 4.6 b | 4.8 b |

## Retained Earnings | 2.9 b | 3.2 b | 3.5 b | 4 b |

## Total Equity | 3.3 b | 2.2 b | 2 b | 2.6 b |

## Financial Leverage | 1.6 x | 2.5 x | 2.8 x | 2.4 x |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 279.4 m | 242.8 m | 402.9 m | 362.3 m | 527.6 m | 513.3 m | 666.2 m | 1.3 b | 908 m |

## Inventories | 14.2 m | 16.5 m | 12 m | 12.7 m | 10.9 m | 12.2 m | 11.5 m | 14.8 m | 15.2 m |

## Current Assets | 1.5 b | 1.4 b | 1.7 b | 1.6 b | 1.7 b | 1.8 b | 2 b | 2.3 b | 2.1 b |

## PP&E | 339.8 m | 353.7 m | 373.4 m | 370.8 m | 371.1 m | 376 m | 365.8 m | 352.5 m | 260.1 m |

## Goodwill | 1.8 b | 1.8 b | 1.9 b | 2 b | 2 b | 2 b | 2 b | 2 b | 1.6 b |

## Total Assets | 5.2 b | 5.2 b | 5.5 b | 5.5 b | 5.4 b | 5.5 b | 5.7 b | 5.9 b | 5.4 b |

## Accounts Payable | 79.6 m | 85.8 m | 81.1 m | 82 m | 143.3 m | 85.5 m | 72.6 m | 85.7 m | 64.1 m |

## Current Liabilities | 1.5 b | 1.5 b | 1.6 b | 1.5 b | 1.5 b | 1.6 b | 1.6 b | 2.9 b | 1.6 b |

## Additional Paid-in Capital | 3.9 b | 4 b | 4.3 b | 4.4 b | 4.5 b | 4.6 b | 4.7 b | 4.7 b | 4.9 b |

## Retained Earnings | 3 b | 3.1 b | 3.2 b | 3.3 b | 3.3 b | 3.6 b | 3.7 b | 3.8 b | 3.6 b |

## Total Equity | 2.1 b | 2.1 b | 2.1 b | 2.2 b | 2.1 b | 2.1 b | 2.2 b | 2.4 b | 1.7 b |

## Financial Leverage | 2.5 x | 2.5 x | 2.6 x | 2.5 x | 2.6 x | 2.7 x | 2.5 x | 2.5 x | 3.1 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | 339.5 m | 251.7 m | 319.4 m | 536.1 m |

## Accounts Receivable | (23 m) | (31 m) | (7.2 m) | (60.6 m) |

## Inventories | (5.6 m) | (1.2 m) | 703 k | (4.1 m) |

## Accounts Payable | 3.1 m | 40 k | 11 m | (20.9 m) |

## Cash From Operating Activities | 928.3 m | 846 m | 1 b | 1.1 b |

## Purchases of PP&E | (162.9 m) | (165.4 m) | (160.8 m) | (134.2 m) |

## Cash From Investing Activities | (938.2 m) | (569.5 m) | (224.4 m) | (484.2 m) |

## Cash From Financing Activities | (352.3 m) | (292.7 m) | (691.5 m) | (38 m) |

## Interest Paid | 127 k | 5 m | 8.2 m | 7.8 m |

## Income Taxes Paid | 92.7 m | 130.5 m | 45.8 m | 64.4 m |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | 53 m | 47.5 m | 28.9 m | 103.3 m | 55.9 m | 83.5 m | 120.9 m | 131.9 m | 27.6 m |

## Accounts Payable | 79.6 m | 85.8 m | 81.1 m | 82 m | 143.3 m | 85.5 m | 72.6 m | 85.7 m | 64.1 m |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 69 k |

## Financial Leverage | 3.1 x |

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

- Source: Company Filings

Acquired Company | Date | Deal Size |
---|---|---|

Unidesk | January 09, 2017 |

Source: 784 public H-1B filings from Citrix

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