Emerging Trends and Developments in Technology

Dilip Dilip

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Citrix Systems, Inc. reported financial results for the first quarter of fiscal 2010 ended March 31, 2010. In the first quarter of fiscal 2010, Citrix amassed revenue of $414 million, compared to $369 million in the first quarter of fiscal 2009. This translates to 12 percent revenue growth. "I'm pleased with our results for the first quarter," said Mark Templeton, president and chief executive officer for Citrix. "We saw strong traction across our strategic markets - virtualization, networking and collaboration - and showed good discipline in our operations, leading to solid increases in revenue and profitability.  As the IT world moves away from distributed computing into the virtual computing era, Citrix is becoming more strategic with customers everyday." The company's Desktop business grew 9% over last year to $264 million. XenDesktop contributed $32 million of ... (more)

NetApp impresses the Market; Capitalizes on Surge in Virtualization and Cloud computing

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