citrix

Citrix Systems Inc. reported third quarter revenue of $691 million, up 3 percent from the same period a year earlier. Citrix, which owns Raleigh-based Sharefile, announced layoffs in October. Citrix posted earnings of $127 million, or 82 cents a share compared to $112 million, or $0.71 per diluted share, for the third quarter of fiscal year 2016. “II am pleased with our execution this quarter and our renewed discipline in managing our business. We are moving quickly to drive business transformation across Citrix, aligning with our customers’ desire to support multi-cloud and hybrid-cloud environments,” said David Henshall, president and...

Despite layoffs disclosed Wednesday, software and services firm Citrix is still eligible to receive as much as $5.7 million in state tax incentives if the firm hits commitments for new jobs in Raleigh, according to the Department of Commerce. “For the JDIG announced in 2016, yes – the company is still eligible for the $5.7 million in incentives and it’s too soon for us to know how today’s layoffs will affect their eligibility,” said David Rhoades, Communications Director for the North Carolina Department of Commerce. “2017 is the first working year of that grant and Citrix will not report...

Jesse Lipson, the founder of ShareFile who built it “from nothing” to selling the software firm to Citrix in 2011, calls the layoffs being made “very painful.” He also says he’ll work to help those losing jobs to find other opportunities. “Having spent 11 years building ShareFile from nothing, including five great years at Citrix helping with many products and initiatives beyond ShareFile, it’s very painful to read about so many people being impacted by the changes,” Lipson told The Skinny shortly after news about the layoffs was confirmed by Citrix early Wednesday. Lipson left Citrix, where he led its...

Citrix will continue to hire in Raleigh to drive changes in its ShareFile operations even though the company is making job cuts across its global operations, a spokesperson says. Citrix spokesperson Eric Armstrong told WRAL TechWire that the new jobs will be added based in part on the performance of the ShareFile team, which is based in Raleigh. Citrix acquired ShareFile in 2011 from Raleigh entrepreneur Jesse Lipson in 2011. Lipson left Citrix earlier this year. Armstrong said the hiring is part of “accelerated transformation” of Citrix to subscription/cloud-based products with more emphasis on larger enterprise customers from small-...

In a detailed statement, Citrix spokesperson Eric Armstrong provides the reasons for the layoffs now hitting Citrix around the world. The full text of the explanation as provided to WRAL TechWire early Tuesday: “Citrix recently signaled its intent to accelerate the company’s transformation to a subscription/cloud-based business model, and to invest in the high-growth initiatives that will drive our next phase of growth. It is anticipated that the shift to the cloud will only pick up speed, and to accomplish the company’s goals, Citrix is rebalancing investments and winding down certain products. “As it relates to ShareFile, we are...

International software firm Citrix, which has a major operation and hundreds of employees in Raleigh, is laying off employees around the globe. Dozens of people were told Wednesday morning they are losing their jobs, and many grim-faced or weeping workers filed out of the company’s offices near downtown clutching white severance folders. “It’s traumatic. I’ve got two kids, young daughters. I’ve got bills,” said Ron Corley who was hired in August. “I’m probably just going to go back home, hang out with my kids and go from there.” “(It’s) never easy. I only just started here in July and...

Citrix, the software developer that has a major presence in Raleigh, is looking for a buyer. But can the company find someone who would pay $15 billion? Bloomberg news wonders. Based on Friday’s stock price and given a 7 percent stock boost on Monday followed by a slight decline on Tuesday, Bloomberg estimates a buyer of the Florida-based company would have to cough up some $15 billion for the firm. Bloomberg reported Monday that Goldman Sachs Group had been brought in “to sound out potential suitors including private equity firms.” “In many ways, Citrix fits the classic mold of...