Citrix Systems Net Worth is18.1 12-Month Sales Growth (%)
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Logo: Image:Citrix.svg

Type: Public company, S&P 500

Foundation: 1989

Founder: Ed Iacobucci

Location: Fort Lauderdale, Florida, United States

Key People: Thomas Bogan, Chairman (official) ,

Industry: Software

Products: Application Delivery Industry, Virtualization Software

Revenue: url

Operating Income: url

Net Income: assets

Equity: 2.6 billion U.S. Dollar (2011)

Num Employees: 6001+ (September 2011)
Market Cap: 3.7 billion USD
Homepage: [http://www.citrix.com www.citrix.com]

Citrix Systems, Inc. is a multinational corporation founded in 1989, that provides server and desktop virtualization, networking, software-as-a-service (SaaS), and cloud computing technologies, including Xen open source products.
Citrix currently services around 230,000 organizations worldwide and is based in Fort Lauderdale, Florida, in the South Florida metropolitan area, with subsidiary operations in California and Massachusetts, and additional development centers in Australia, India, Canada and the United Kingdom.
Following the acquisition of XenSource, Inc. in October 2007, Citrix spearheads the Xen open source hypervisor project.
Citrix was founded in Richardson, Texas in 1989 by former IBM developer Ed Iacobucci, with $3 million in funding. Following its initial setup and development, Iacobucci moved the company to his former home of Coral Springs, Florida.
Citrix was originally named Citrus but changed its name after an existing company claimed trademark rights. The Citrix name is a portmanteau of Citrus and UNIX.
Many of the original founding members had participated in the IBM OS/2 project. Iacobucci's vision was to build OS/2 with multi-user support. IBM was not interested in this idea, so Iacobucci left. Iacobucci was offered a job at Microsoft as chief technical officer of its networking group but turned it down to start his own company.
The company's first product was Citrix MULTIUSER, which was based on OS/2. Citrix licensed the OS/2 source code from Microsoft, bypassing IBM. Citrix hoped to capture part of the UNIX market by making it easy to deploy text-based OS/2 applications. The product failed to find a market. This was due in part to Microsoft declaring in 1991 that it was no longer going to support OS/2.
Roger Roberts was appointed the CEO of Citrix in 1990. Roberts, a Texan, came from Texas Instruments.
From 1989 to 1995, the company did not turn a profit. In 1989 and 1990 there was no income at all. Between 1991 and 19

Citrix Systems Net Worth, 5.0 out of 5 based on 1 rating

Citrix Systems Latest News

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Burke, email ryan.f.burke@usdoj.gov. The proposed purchase order is for software licenses for which the Government intends to solicit and negotiate only with Citrix Systems, Inc. In accordance with Competition in Contracting Act, 41 USC 253(c) (1), as ...
Posted: August 22, 2017, 2:25 am

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Know This Major Technical Chart Level For Citrix Systems (NASDAQ:CTXS)

Technology leader Citrix Systems Inc (NASDAQ:CTXS) is trading at an important chart support level right now. The stock is basically sitting on its 50-week moving average at $75.97. Should CTXS stock price break this important chart level on a weekly ...
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