citrix

Citrix, the virtualization software company with its ShareFile division headquartered in Raleigh, saw its shares trade up about 7 percent by market close Wednesday. The company reported earnings that topped analyst forecasts and named an interim CEO. Citrix reported third quarter earnings of $56 million or 35 cents a share on $843 million in revenue. Non-GAAP earnings for the quarter were $1.04 a share. Analysts expected $1 a share. Bob Calderoni, executive chair, will take the helm as interim CEO as Mark Templeton steps down. He announced his retirement in July. ShareFile saw its subscriptions up about 40 percent,...

Citrix Industry Analyst Meeting, 2015 Staying true to its roots, Citrix will maintain its relevance in end-user computing by delivering solutions for the workspace. With a level of candor not typically found at industry analyst conferences, Citrix outlined a coherent product road map at its Industry Analyst Meeting 2015, detailing how it maintains relevance and dominance in the end-user computing environment. Citrix once enjoyed a leadership position with a single-product value proposition based on XenApp. However, the vendor’s role and value proposition have become more complex. Citrix is on a crusade to redefine how it engages with customers and...

In today’s Bulldog Update of technology news: entrepreneur-focused event in Wilmington features Wedpics CEO; MLK Center in Lenoir wins Google grant; Overture, Wind River integrating technologies; Citrix looking for a buyer? Wilmington event expects 135 Jim Roberts tells us the Pivoting from Buzzyness to Business event in Wilmington Thursday is sold out. It features four executives who managed to pivot their startups to create revenue. Justin Miller, founder and CEO of WedPics.com, is a featured speaker. Roberts notes he Miller just started a Taco business. Jake Finkelstein, CEO of MethodSavvy, will offer a brief digital marketing seminar to start...

Red Hat, Citrix, VMWare. Symantec and Microsoft are the key players in the growing virtualization market, says a new report from Research and Markets. And they are fighting for share in a growing market, which is expected to double over the next five years. According to the report, the virtualization market will surge from $1.3 billion this year to $2.6 billion by 2020. That figures out to be a compound growth rate of nearly 15 percent a year. (How it works: Watch this Red Hat video on virtualization at: https://www.youtube.com/watch?v=krbL5pa_3gU) Why the growth? “The most serious concern of today’s...

Entrepreneurs looking for $25,000 to help kick-start a business as well as joining the Citrix-Red Hat Innovators Program are running out of time to apply. HQRaleigh, also a partner in the project, passes on this notification: “Only five days left to apply for a $25K grant! “Technology and cleantech entrepreneurs can apply for the 2nd annual Citrix Red Hat Innovators Program, a 12-week accelerator for early stage startups and corporate teams. “Applications close on Wednesday, August 26.”. The program includes: Design thinking and lean startup coaching Work, ideation, and meeting space in Downtown Raleigh Dedicated mentorship from local experts...

The Citrix Startup Accelerator and Red Hat (NYSE: RHT) are accepting applications for the 2015 Innovators Program Raleigh. The self-described cohort-driven, mentor-assisted program is for world-class startups that want to build and bring new products to market and is designed to get startups ready to raise their first significant round of funding. This year, local triple-bottom line investor, Cherokee Fund has merged the Cherokee-McDonough Challenge with the program run by the Citrix Startup Accelerator. Since 2014, the Citrix Startup Accelerator has provided the Innovators Program in Raleigh, Silicon Valley, Santa Barbara and Bangalore, India.  Red Hat returns to the...

In today’s Bulldog wrapup of technology news: Lenovo’s parent is raising some $2 billion in an IPO A union says all federal workers’ data was exposed in big hack France tells Google to remove links in “right to be forgotten” order A big Citrix shareholder wants more cuts Amazon faces an EU probe over ebooks The details: Lenovo parent’s big IPO Legend Holdings, the parent of Lenovo which operates its global executive headquarters in Morrisville, is raising nearly $2 billion in an IPO. Legend will offer the shares in Hong Kong. The firm is selling 15 percent of its...

Editor’s note: Raleigh-based Sharefile is a source of strength for Citrix, but the tech giant continues to struggle as indicated in its quarterly earnings report Wednesday despite a major restructuring. “Technology Business research believes it is critical that Citrix continues to manage costs in order to minimize negative impacts to its profitability while it weathers the transition,” writes analyst Andrew Smith. HAMPTON, N.H. – Citrix’ revenue increased 1% year to year in 1Q15 to $761 million. Earlier this month the vendor reduced its revenue guidance from approximately $790 million to $760 million, primarily as a result of foreign exchange...

Sometimes, when the news is bad, companies don’t wait until earnings report day to tell Wall Street. Get it over with, take the hit now. Such was the case Thursday for Citrix. Citrix has said its recent restructuring led to just a few layoffs at its big ShareFile operation in that spiffy new Raleigh headquarters (900 overall). But across the company, a host of changes set in motion by the need to cut costs also cost the company in sales – big time – says its CEO. Citrix (Nasdaq: CTXS) cut its earnings and revenue forecasts for the current...