Wednesday, July 29, 2015

Citrix: Bytemobile Business Declined by 50%; "Exploring Alternatives"

Along the problems we saw in the past with the optimization market (see related links below), came the next statement from David J. Henshall [pictured], COO & CFO, Citrix during the company's 2015 Q2 earning call:

".. our delivery networking, total revenue decreased 3.5% in the quarter to $173 million. The decline is driven by two factors. First, license contribution from our ByteMobile business declined by about 50% from last year. As we indicated in our release ["The company also announced that earlier this year it engaged a financial advisor to provide strategic advice related to a potential sale of its ByteMobile business. Citrix is currently in active discussions with third parties regarding a potential sale - here]

.. we've been in the process of exploring alternatives for this business over the past several months, and as you'd imagine, this process has been significantly disruptive to the team and ultimately the results". 

Related posts:
  • [Jan '14] Citrix: Traction in Bytemobile Business; Need to Wait for Revenue Recognition - here
  • [Oct '13] Citrix: "Bytemobile deals are large and infrequent" - here
  • Flash Networks (40%) and Citrix (30%) Lead the Mobile Optimization Market - here
See "Citrix Systems (CTXS) Mark B. Templeton on Q2 2015 Results - Earnings Call Transcript", by SeekingAlpha, here.

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