Citrix Systems, Inc. (NASDAQ: CTXS) is a multinational corporation founded in 1989, that provides server and desktop virtualization, networking, software-as-a-service (SaaS) and cloud computing technologies including Xen open source products.
Citrix currently services around 230,000 organizations worldwide[3] and is based in Fort Lauderdale, Florida, in the South Florida metropolitan area, with subsidiary operations in California and Massachusetts, and additional development centers in Australia, India and the United Kingdom.
Following the acquisition of XenSource, Inc in October 2007, Citrix shepherds the Xen open source hypervisor project.

Citrix Systems, Inc. designs, develops and markets technology solutions that enable information technology (IT) services to be securely delivered on demand independent of location, device or network. The Company markets its products directly to enterprise customers, over the Web, and through systems integrators (SIs), in addition to indirectly through value-added resellers (VARs), value-added distributors (VADs), and original equipment manufacturers (OEMs). It provides a range of products and services. As of December 31, 2010, the Company had over 230,000 customers and over 100 million users every day in over 100 countries. Citrix products and services allow people to collaborate, communicate and work virtually anywhere.
Desktop Solutions
The Company’s desktop solutions include XenDesktop, XenClient and XenApp. Citrix XenDesktop is a fully integrated desktop virtualization system that gives customers the flexibility to deliver the desktop as a service simplifying desktop management for a range of users. XenDesktop is available in a range of packages designed for viral adoption and various market segments. The Express Edition of XenDesktop is offered as a free download from the Company’s Website to allow IT professionals to conduct no-cost trials. The XenDesktop VDI Edition is designed for virtual desktop projects that only require the hosted virtual machine method of desktop delivery. The Enterprise and Platinum Editions of XenDesktop include all its major virtual desktop delivery models in one integrated package, and also include the capabilities of Citrix XenApp for delivering on-demand applications into virtual or physical desktops. All versions of XenDesktop include Citrix HDX technologies to give users a high-definition experience even when using multimedia, real-time collaboration, USB devices, and three dimension (3D) graphics content. Each edition comes with user profile management and provisioning services to stream a single desktop image, on-demand, to multiple servers in the datacenter. All editions feature licensing for both Citrix XenServer and Microsoft Hyper-V virtualization infrastructure. The advanced editions include FlexCast delivery technologies, which allow virtual desktops to be hosted in the datacenter or run locally at the endpoint.
Citrix XenApp is an application virtualization solution that allows enterprise applications to be centralized and delivered as an on-demand service. XenApp delivers applications in two ways: hosted by running application business logic on a central server using (HDX) technologies to securely transmit the application’s user experience to the endpoint device, or streamed by running the application locally. The XenApp server runs on Microsoft Windows Server 2008, Windows Server 2008 R2, Windows Server 2003 x64 Edition to Windows Server 2003, Windows 2000 Server and several versions of UNIX. During the year ended December 31, 2010, the Company announced Citrix XenApp 6, offering new enhancements for advanced management and scalability, a multimedia experience over any network and self-service applications with universal device support from PC to Mac to smartphone. It offers XenApp as a standalone product in different editions. The Platinum Edition includes the features and adds capabilities for application performance monitoring, secure sockets layers/virtual private network (SSL/VPN), advanced SmartAccess control and single sign-on application security. The capabilities of XenApp are available in XenDesktop Enterprise and Platinum Editions to provide a desktop virtualization system.
Citrix XenClient is a bare-metal hypervisor that runs directly on the client device hardware, dividing up the resources of the machine and enabling multiple operating systems to run side by side in complete isolation. XenClient is available as a free download on citrix.com. Citrix Receiver is the client side of XenApp and XenDesktop. Citrix Receiver is available as a free download from citrix.com supporting numerous types of client devices. Citrix Receiver uses the Citrix HDX Technologies to communicate with XenApp and XenDesktop.
Online Services
Online Services is another area, where the Company provides virtualization at the desktop in the form of Web collaboration, including virtual meetings, Web-based desktop support and remote access. These products are delivered using the SaaS method where customers simply subscribe to cloud-based online services without making any capital investment. GoToMeeting is an online solution for online meetings, sales demonstrations and collaborative gatherings. GoToMeeting allows a user with a personal computer (PC) or Mac and an Internet browser to host, attend or participate in an online meeting or session without training. GoToMeeting is capable of providing a standard public switch telephone network (PTSN), conference dial-in number and voice over Internet Protocol (VoIP). service offers flat-fee pricing for any number of meetings of any length, for up to 15 attendees per meeting. The Company also offers GoToMeeting Corporate, which supports multiple organizer accounts, unlimited meetings with up to 25 attendees, robust reporting, additional customization options and advanced administrative capabilities. GoToMeeting Corporate also provides optional integrated toll-free audio.
GoToWebinar is a o-it-yourself webinar solution, allowing organizations to increase market reach and present online to geographically dispersed audiences. GoToWebinar allows users with a PC or Mac and an Internet browser to host, attend or participate in a webinar session without training or IT support. GoToWebinar includes ull-service registration with real-time reports, customized branding, automated email templates, polling and survey capabilities, webinar dashboard to monitor attendance and participation, easy presenter controls for changing presenters and VoIP and toll-based phone options. The service offers flat-fee pricing for unlimited webinars of any length, for up to 1,000 attendees per webinar.
GoToTraining is the online training tool that allows trainers to deliver content to multiple trainees and allows organizations to expand their training program. GoToTraining allows users to host and participate in interactive online training sessions from either their PC or Mac. GoToTraining includes full-service registration with integrated payment processing, real-time reporting and management, online course catalog, automated reminder and follow-up emails, content library to organize and store reusable content, materials, tests, polls, toll-free audio and VoIP options. . The service offers flat-fee pricing for unlimited training sessions of any length, for up to 200 attendees per session. Integrated HiDef Audio is provided with the GoToMeeting, GoToWebinar and GoToTraining products, providing a seamless audio and Web experience and the ability to record audio and Web sessions, mute/unmute callers and recognizes speakers from an easy-to-use interface. HiDef Audio provides standalone audio options with reservationless audio conferencing for SMBs and large organizations. HiDef Corporate and HiDef Conferencing provide real-time reporting. GoToAssist is an online, remote technical-support solution that enables individual professionals and organizations of all sizes to provide secure, on-demand support over the Internet. GoToAssist enables support staff to and control the desktop of a user without the need to pre-install client software. GoToAssist comes in versions, such as GoToAssist Express, GoToAssist Pro, GoToAssist Corporate, and GoToAssist FastChat. The solutions work automatically and securely through virtually every firewall, even over dial-up connections, and they integrate into existing infrastructure. GoToAssist Pro also integrates with GoToManage for full remote IT monitoring capabilities. GoToManage is an IT management online solution that enables IT professionals to monitor and control their IT infrastructure. It provides instant answers to computer, server and network questions. GoToManage creates an IT system of record providing businesses and IT consultants with the ability to discover and identify network devices, monitor critical servers and applications in real time, manage network usage and bandwidth consumption and track configuration changes. The solution integrates with GoToAssist Pro to provide remote IT support and monitoring capabilities.
GoToMyPC is an online solution that provides secure, remote access to PC and Mac from virtually any Internet-connected computer. GoToMyPC, which sets up easily with a secure encrypted connection, enables individuals to remotely use any resources hosted on their desktop just as though they were sitting in front of it. GoToMyPC Pro, tailored for the needs of professionals and small offices, supports up to 50 PCs, rolls out secure, remote access for multiple users in minutes, and features an administration Website, in which managers can add, suspend and delete users and run usage reports. GoToMyPC Corporate is built for businesses that require detailed reporting, in-depth administration features, assign and manage remote-access privileges for employees with advanced security features.
Datacenter and Cloud Solutions
The Datacenter and Cloud Solutions are designed to power public clouds when used by hosting and cloud service providers. The datacenter and cloud solutions include virtual infrastructure and application networking products. Citrix NetScaler is an all-in-one Web application delivery controller that makes applications run five times faster by application accelerator methods, such as HTTP compression and caching, ensuring application availability through advanced L4-7 load balancer and content switching methods, increasing application security with an integrated application firewall and substantially lowering costs by offloading servers for server consolidation. It reduces Web application TCO, optimizes the user experience and makes sure that applications are always available. NetScaler comes in both built-for-purpose MPX-series hardware appliances powered by nCore technology and an economical form factor with VPX virtual appliance that operates with any standard industry server using XenServer technology.
Citrix Access Gateway is an SSL/VPN that securely delivers applications with policy-based SmartAccess control. Users have easy-to-use secure access to the applications and data they need to be productive. Citrix Repeater Solutions provide application delivery to branch office users that increase productivity and reduce IT costs in the enterprise branch by delivering local area network-like application performance over the wide area network (WAN) Appliance products in the Citrix Repeater family of solutions, including Citrix Branch Repeater (formerly WANScaler) and Citrix Branch Repeater with Windows Server, in partnership with Microsoft Corporation, or Microsoft, can accelerate applications to datacenters and mobile workers. The AutoOptimizer Engine, which serves as the cornerstone of the Citrix Repeater architecture, offers flexible deployment options. The Citrix Repeater client software accelerates application delivery to other remote users, including those in smaller branch offices, home offices and business travelers, while users in larger branch offices are supported with Citrix Repeater appliances.
Citrix XenServer and Citrix Essentials offer virtual infrastructure for improving operational efficiencies in the enterprise datacenter and for public cloud service providers. Citrix XenServer is an enterprise-class platform for managing server virtualization in the datacenter as a flexible aggregated pool of computing and storage resources. Citrix Essentials for XenServer and Hyper-V, adds capabilities to existing virtualization management systems: lab automation, high availability, provisioning, workflow orchestration and seamless integration with storage systems.
License Updates
Subscription Advantage provides a way for customers to budget for their Desktop Solutions and Datacenter and Cloud Solutions version upgrades annually without having to anticipate variable costs throughout the year. The original purchase of these products is bundled with one year of Subscription Advantage or customers may elect to purchase subscriptions separately. Subscription Advantage allows customers to update software versions as they become available during the period of the subscription for free. This includes the software associated with the hardware appliances.
Technical Services
The Company provides a portfolio of technical services to its business partners and customers to manage the quality of implementation, operation and support of its solutions. These services are available for additional fees paid on an annual or transactional basis. Consulting Services help ensure the implementation of its solutions. For pre- and post-sale consulting, Citrix Consulting, a consulting services organization, provides both exploratory and fee-based consulting services. These services include on-site systems design and implementation services targeted primarily at enterprise-level clients. Technical Support Services accommodate the ongoing support needs of customers. The technical support services are specifically designed to address the variety of challenges facing access infrastructure environments. It offers several support-level options, global coverage and personalized relationship management. Product Training and Certification teaches customers and partners how to optimally utilize the products and keep their organizations running.
The Company competes with Microsoft, Cisco Systems, Inc., F5 Networks, Inc., Juniper Networks, Inc., Riverbed Technology, Inc. and Blue Coat Systems.

The Citrix and Microsoft relationship is based upon a 20-year alliance, which began in 1989 when Citrix licensed the OS/2 source code.
Citrix obtained a source code license to Microsoft's Windows NT 3.51. In 1995, Citrix shipped a multiuser version of Windows NT with remote access, known as WinFrame. This product was a unique offering, targeting the needs of large enterprises.
During the development of WinFrame for Windows NT 4, Microsoft decided that it did not want to license Windows NT 4 source code to Citrix. Not only that, Microsoft threatened to build its own version of WinFrame. Citrix and Microsoft entered negotiations about how best to resolve this dilemma. After negotiations, Microsoft agreed to license Citrix technology for Windows NT Server 4.0, resulting in Windows Terminal Server Edition.Citrix agreed not to ship a competing product but retained the right to sell an extension to Microsoft's products, initially under the name MetaFrame. This relationship continued into the Windows 2000 Server and Windows Server 2003 eras, with Citrix offering Metaframe XP and Presentation Server. On February 11, 2008, Citrix changed the name of its Presentation Server product line to XenApp.
The core technology that Microsoft did not buy was the ICA protocol. Microsoft derived the work for RDP (T.share) protocol from NetMeeting which was originally derived from a deal with PictureTel (now known as Polycom).
In January 2008, Citrix announced an expanded alliance with Microsoft to deliver a set of virtualization solutions to address the desktop and server virtualization markets to ensure broad interoperability between their technologies.
In February 2009, Citrix extended its collaboration with Microsoft in the server virtualization market with “Project Encore”. This was heralded by a new product, Citrix Essentials, that offers advanced management for Microsoft Windows Server 2008 Hyper-V. Joint marketing, training and channel activities were conducted with Microsoft.
In July 2009, Citrix and Microsoft announced joint plans to simplify desktop computing by extending their desktop virtualization partnership.
These plans included: Technology integration so enterprise IT organisations will be able to manage both distributed and centrally hosted applications using Citrix XenApp and Microsoft System Center Configuration Manager. Extension of XenApp support for Microsoft Application Virtualization (App-V) to enable self-service delivery of applications on any device using Citrix Receiver and Citrix Dazzle.


OVERALL
Beta: 1.04
Market Cap (Mil.): $15,509.16
Shares Outstanding (Mil.): 187.85
Annual Dividend: --
Yield (%): --
FINANCIALS
CTXS.O Industry Sector
P/E (TTM): 52.02 20.85 19.30
EPS (TTM): 28.03 -- --
ROI: 11.69 21.51 16.14
ROE: 12.26 23.57 17.81


Name Age Since Current Position
Bogan, Thomas 59 2005 Independent Chairman of the Board
Templeton, Mark 58 2001 President, Chief Executive Officer, Director
Henshall, David 42 2006 Chief Financial Officer, Senior Vice President
Wasson, Wesley 44 2007 Senior Vice President, Chief Marketing Officer
Friedman, David 49 2008 Senior Vice President - Human Resources, General Counsel
Monserrat, Alvaro 43 2008 Senior Vice President - Sales and Services
Caine, Brett 51 2007 Senior Vice President - Online Services Division
Payne, John 49 2007 Senior Vice President and General Manager - Desktop Division
Dow, Stephen 55 2005 Independent Director
Morin, Gary 62 2003 Independent Director
Demo, Murray 49 2005 Independent Director
Sullivan, Godfrey 57 2005 Independent Director
Hirji, Asiff 44 2006 Independent Director
Caldwell, Nanci 53 2008 Independent Director

COMPANY ADDRESS
Citrix Systems Inc
851 West Cypress Creek Road
Fort Lauderdale FL 33309
 
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