Citrix Authorizes Additional $300 Million Stock Repurchase
FORT LAUDERDALE, Fla. — 11/1/2006 — Citrix Systems, Inc. (Nasdaq: CTXS), the global leader in application delivery infrastructure, today announced that its board of directors has authorized the company to repurchase up to an additional $300 million of Citrix common stock. The company’s Board of Directors has authorized an ongoing stock repurchase program with a total repurchase authority granted to the Company of $1.5 billion, including the recent authorization. As of September 30, 2006, the company had $85 million in remaining authorization from previously approved plans. Citrix said it plans to buy shares on the open market from time to time, depending on market conditions.
Citrix Systems, Inc. (Nasdaq:CTXS) is the global leader and the most trusted name in application delivery infrastructure. More than 180,000 organizations worldwide rely on Citrix to deliver any application to users anywhere with the best performance, highest security and lowest cost. Citrix customers include 100 percent of the Fortune 100 companies and 98 percent of the Fortune Global 500, as well as hundreds of thousands of small businesses and prosumers. Citrix has approximately 6,200 channel and alliance partners in more than 100 countries. Annual revenue in 2005 was $909M.
For Citrix Investors
This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Those statements involve a number of factors that could cause actual results to differ materially, including risks associated with revenue growth and recognition of revenue, products, their development and distribution, product demand and pipeline, economic and competitive factors, the Company’s key strategic relationships, acquisition and related integration risks as well as other risks detailed in the Company’s filings with the Securities and Exchange Commission. Citrix assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein.
Citrix® is a registered trademark of Citrix Systems, Inc. in the U.S. and other countries. All other trademarks and registered trademarks are property of their respective owners.
- Contact Information
- Eric Armstrong
- Director, Corporate Communications
- Citrix Systems, Inc.
- Contact via E-mail
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