UPDATE 2-Citrix Systems Q2 profit beats Street, sees flat Q3 rev

jueves 23 de julio de 2009 00:35 CEST

* Q2 adj EPS $0.39 vs est of $0.38

* Rev from product licenses falls

* European business remains soft

* Sees flat Q3 and 2009 rev (Recasts; adds conference call details)

BANGALORE, July 22 (Reuters) - Infrastructure software maker Citrix Systems Inc (CTXS.O: Cotización) posted quarterly results that narrowly beat market expectations, but continued to forecast flat revenue for the year as its European business remained soft.

Second-quarter revenue from Europe, Middle East and Africa (EMEA) fell 12 percent to $113 million as customers remained conservative with new spending.

"As we've seen before in prior economic cycles, the European markets are lagging somewhat and are really now just showing dynamics comparable to what we experienced in the U.S. two or three quarters ago," Chief Financial Officer David Henshall said on a conference call with analysts.

The Americas region improved slightly as the demand environment proved stronger than the past couple quarters, Citrix said.

The company, which develops virtualization software that allows a single computer to act like many "virtual" machines, said it continued to see a shift in its business mix as customers cut down on costs and preferred subscription offerings over new licenses.   Continuación...