Citrix Systems, Inc. Leases 43,706 Square Feet At 15 Network Drive
May 5 15
Citrix announced that it has leased 43,706 square feet at 15 Network Drive, a facility that's part of the six-building, 933,000-square-foot Network Drive at Northwest Park campus. The campus was once headquarters space for Sun Microsystems prior to that company's acquisition by Oracle Corp., but it has been a multi-tenant campus for several years, said Mark Roth, an executive director with Cushman & Wakefield's brokerage team in Boston. Roth, Matthew Malatesta and Blake McLaughlin represented landlord Nordblom Co. in the lease deal, while JLL's Matt Daniels and Andrew Whipple represented Citrix. Tenants at the park include Oracle Corp., Avid Technologies, Exa Corp. and Veracode Inc. NetBrain Technologies recently inked a 54,952-square-foot lease at 15 Network Drive, and the Citrix lease brings the 127,000-square-foot facility to 93% occupancy. Located in between Route 3 and the Middlesex Turnpike in Burlington, the Network Drive at Northwest Park campus is also just up the road from 3rd Ave. Burlington, a recently opened 300,000-square-foot lifestyle retail center developed by Nordblom and anchored by a Wegmans supermarket.
Citrix Announces CloudBridge Virtual Wan Edition
Apr 23 15
Citrix announced the CloudBridge Virtual WAN Edition, which reduces the cost of delivering applications, documents and IT services to branch offices by up to 80%, while ensuring nearly 100% application availability. The new CloudBridge Virtual WAN solution provides businesses with the flexibility to employ multiple cost-effective WAN technologies, offering the ability to scale WAN bandwidth at dramatically lower cost than traditional approaches. The solution also ensures the best possible user experience by securely sending mission-critical, delay-sensitive data over the performing path. The new CloudBridge Virtual WAN solution extends the CloudBridge platform and its integration with the company’s HDX and application acceleration technologies, to offer the most cost effective and performance solutions for securely delivering mobile workspaces with the applications, documents and IT services people need to work better in remote and branch offices. To meet the demands of the evolving workplace, enterprises are constantly sharing business-critical information with employees, customers and partners through applications that are bandwidth-intensive. Interactive graphics-laden applications, increased use of HD video streaming, and VoIP consume greater network capacity year after year. Scaling WAN bandwidth is expensive for enterprises, as they have traditionally relied on costly MPLS services to avoid disruption to business and maintain the usability of mission critical applications. To address this challenge, the new CloudBridge Virtual WAN solution allows enterprises to create a virtualized WAN by bonding multiple network services such as MPLS, broadband, mobile and satellite internet together to maximize WAN capacity and reliability. CloudBridge Virtual WAN constantly assesses the performance of paths within the virtualized WAN to instantaneously and automatically adapt to changing network conditions. This ensures constant connectivity of mission-critical applications without human intervention or complex routing table reconfigurations. Additional benefits of CloudBridge Virtual WAN include providing enterprises the ability to: Dramatically lower costs for expanding capacity – allows enterprises to augment MPLS with cost-effective broadband services in order to expand capacity for the delivery of high-priority application traffic, video and VOIP, while increasing reliability over a standalone MPLS-based WAN; Deliver superior user experience through improved quality for all application types – offers enterprises better mobile workspace user experience and high quality for voice or video over IP services. The experience is enabled through CloudBridge Virtual WAN appliances that continuously measure and monitor the latency, jitter and packet loss of every WAN connection and dynamically make path decisions using best quality paths; Convert backup links to active– many enterprises already have back-up links in place but are not able to utilize them until a failure occurs. CloudBridge Virtual WAN enables enterprises to easily and seamlessly pool active and back-up link capacity, therefore eliminating wasted bandwidth; Ensure availability of high-priority applications – When one or more WAN services are impaired, CloudBridge Virtual WANprovides a failover system to ensure adequate bandwidth on the best-performing remaining paths is used to deliver business-critical applications; Easily manage and monitor WAN performance – presents enterprises with a simple, end-to-end management system that provides visibility into the WAN and all of the application delivery from the cloud, data Center or branch, through CloudBridge Virtual WAN Center; and Securely connect cloud to branch – enables enterprises to combine datacenter and cloud application delivery through the use of advanced encryption between CloudBridge devices on customer premises or in the cloud when using the Internet.
Citrix Systems, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter of Fiscal Year 2014 Ending June 30, 2015 and Fiscal Year Ending December 31, 2015
Apr 22 15
Citrix Systems, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total net revenues of $760,802,000 compared to $750,819,000 a year ago. Income from operations was $51,732,000 compared to $71,887,000 a year ago. Income before income taxes was $35,597,000 compared to $68,755,000 a year ago. Net income was $28,887,000 or $0.18 diluted per share compared to $55,939,000 or $0.30 diluted per share a year ago. Net cash provided by operating activities was $291,871,000. Purchases of property and equipment were $44,091,000. Non-GAAP net income was $105,875,000, or $0.65 per diluted share, compared to $118,911, or $0.64 per diluted share a year ago.
For the second quarter of fiscal year 2015 ending June 30, 2015, the company expects net revenue is targeted to be in the range of $785 million to $795 million, GAAP gross margin is targeted to be in the range of 82% to 83%. Non-GAAP gross margin is targeted to be in the range of 84% to 85%, excluding 2% related to the effects of amortization of acquired product related intangible assets and stock-based compensation expense. GAAP diluted earnings per share is targeted to be in the range of $0.421 to $0.43. Non-GAAP diluted earnings per share is targeted to be in the range of $0.80 to $0.83, excluding $0.17 related to the effects of amortization of acquired intangible assets, $0.24 related to the effects of stock-based compensation expenses, $0.08 related to the effects of restructuring charges, 0.05 related to the effects of amortization of debt discount and $0.12 to $0.17 for the tax effects related to these items. GAAP tax rate is targeted to be in the range of 19% to 20%. Non-GAAP tax rate, which excludes the effects of amortization of acquired intangible assets, stock-based compensation expenses, amortization of debt discount and restructuring charges, is targeted to be in the range of 23% to 24%.
For the fiscal year ending December 31, 2015, the company expects net revenue is targeted to be in the range of $3.22 billion to $3.25 billion. GAAP gross margin is targeted to be in the range of 83% to 84%. Non-GAAP gross margin is targeted to be in the range of 85% to 86%, which excludes 2% related to the effects of amortization of acquired product related intangible assets and stock-based compensation expense. GAAP diluted earnings per share is targeted to be in the range of $2.04 to $2.10. Non-GAAP diluted earnings per share is targeted to be in the range of $3.55 to $3.60, which excludes $0.93 related to the effects of stock-based compensation expenses, $0.68 related to the effects of amortization of acquired intangible assets, $0.29 related to restructuring charges, $0.20 related to the effects of amortization of debt discount, $0.01 related to a benefit from a previously disclosed patent lawsuit and $0.53 to $0.64 for the tax effects related to these items. GAAP tax rate is targeted to be in the range of 19% to 20%. Non-GAAP tax rate, which excludes the effects of amortization of acquired intangible assets, stock-based compensation expenses, amortization of debt discount, a benefit from a previously disclosed patent lawsuit, and restructuring charges, is targeted to be in the range of 23% to 24%.