Citrix Authorizes Additional $500 Million Stock Repurchase
September 11 2015 - 8:30AM
Business Wire
Citrix Systems, Inc. (NASDAQ:CTXS) today announced that its
board of directors has authorized the company to repurchase up to
an additional $500 million of Citrix common stock. Citrix said it
plans to buy shares on the open market from time to time, depending
on market conditions.
About Citrix
Citrix (NASDAQ:CTXS) is leading the transition to
software-defining the workplace, uniting virtualization, mobility
management, networking and SaaS solutions to enable new ways for
businesses and people to work better. Citrix solutions power
business mobility through secure, mobile workspaces that provide
people with instant access to apps, desktops, data and
communications on any device, over any network and cloud. With
annual revenue in 2014 of $3.14 billion, Citrix solutions are in
use at more than 400,000 organizations and by over 100 million
users globally. Learn more at www.citrix.com.
For Citrix Investors
This release contains forward-looking statements which are made
pursuant to the safe harbor provisions of Section 27A of the
Securities Act of 1933 and of Section 21E of the Securities
Exchange Act of 1934. The forward-looking statements in this
release do not constitute guarantees of future performance. Those
statements involve a number of factors that could cause actual
results to differ materially, including risk that additional stock
repurchase authority may not be used by the Company within a
timeframe expected by investors or financial analysts or at all,
risks associated with the impact of the global economy and
uncertainty in the IT spending environment, revenue growth and
recognition of revenue, products and services, their development
and distribution, product demand and pipeline, economic and
competitive factors, the Company's key strategic relationships,
acquisition and related integration risks as well as other risks
detailed in the Company's filings with the Securities and Exchange
Commission. Citrix assumes no obligation to update any
forward-looking information contained in this press release or with
respect to the announcements described herein. The information
provided is for informational purposes only and is not a
commitment, promise or legal obligation to deliver any material,
code or functionality and should not be relied upon in making
purchasing decisions or incorporated into any contract.
Citrix® is a trademarks or registered trademarks of Citrix
Systems, Inc. and/or one or more of its subsidiaries, and may be
registered in the U.S. Patent and Trademark Office and in other
countries. All other trademarks and registered trademarks are
property of their respective owners.
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version on businesswire.com: http://www.businesswire.com/news/home/20150911005113/en/
Citrix Systems, Inc.For media inquiries:Eric Armstrong,
954-267-2977eric.armstrong@citrix.comorFor investor
inquiries:Eduardo Fleites,
954-229-5758eduardo.fleites@citrix.com
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