Citrix Systems, Inc. to Cut Florida Jobs

Citrix Systems, Inc, a leader in application delivery infrastructure, reported financial results for the fourth quarter and fiscal year ended December 31, 2008, and announced a restructuring program to reduce its annual operating expenses.

Even though the company enjoyed a 14% growth in annual revenue, its fourth quarter net income was $60 million, down from $63 million from this time last year. Consequently, it has announced the implementation of a restructuring program and steps to reduce its headcount by approximately 10 percent. Florida jobs will surely be impacted, as the headquarters are located in Ft. Lauderdale.

"I’m pleased with our Q4 results and performance for 2008 – especially in the face of an extraordinary worldwide environment," said Mark Templeton, Citrix president and chief executive officer.

"While being fiscally cautious, we are more confident than ever in our vision and business strategy. Citrix products have a long track record of reducing IT costs, while simplifying enterprise computing – exactly what customers need.”