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CTXS - Citrix Systems, Inc.
-2.46(-2.06%)7:59:53 PM 5/12/2021
Citrix Systems, Inc. is an American multinational software company that provides server, application and desktop virtualization, networking, software as a service , and cloud computing technologies. Citrix products are claimed to be in use by over 400,000 clients worldwide, including 99% of the Fortune 100, and 98% of the Fortune 500. The company was founded in Richardson, Texas in 1989 by Ed Iacobucci, who served as chairman until his departure in 2000. It began by developing remote access products for Microsoft operating systems, licensing source code from Microsoft, and has been in partnership with the company throughout its history. By the 1990s, Citrix came to prominence as an industry leader in thin client technology, enabling purpose-built devices to access remote servers and resources. The company launched its first initial public offering in 1995 and, with few competitors, experienced large revenue increases between 1995 and 1999.
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    Citrix Systems Inc (CTXS) Q1 2021 Earnings Call Transcript

    Participating on the call will be David Henshall, President and Chief Executive Officer, and Arlen Shenkman, Executive Vice President and Chief Financial Officer. To provide insight into the transitioning business model, we've been reporting ARR metrics for subscription in SaaS, and then beginning today we're also disclosing total ARR, which includes perpetual license maintenance contracts.