Citrix Continues to Earn Industry-Wide Recognition With Addition of Two Prominent Rankings; Business Week and Soft-letter Name Citrix a Hot Growth Company.FORT LAUDERDALE Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. , Fla.--(BUSINESS WIRE)--June 7, 1999-- Citrix Systems Citrix Systems' (NASDAQ: CTXS) is an American technology company, based in Fort Lauderdale, Florida, with subsidiary operations in California and Massachusetts, with additional development centers in Australia, India and the UK. , Inc. (Nasdaq:CTXS CTXS Citrix Systems (NASDAQ stock ticker symbol) ) today announced that Business Week, an internationally renown magazine targeting the business elite, has recognized Citrix as one of the `hot growth' companies of 1999. Business Week ranked Citrix 18th out of the top 100 corporations with revenues under $500 million in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Business Week also ranked Citrix in its "Hottest of Hot" top 5 rankings for sales growth, earnings and market value. Additionally, Citrix announced that it was recognized in the annual 'Soft-letter 100' ranking for the sixth consecutive year. This year, Citrix ranked 13th, up 5 positions from last year's listing. "We are excited to be recognized by prestigious organizations like Business Week and Soft-letter and thank our customers and business partners for their support," said Steve Adams
In its 15th consecutive year, the Business Week `Hot Growth Companies' ranking is based on year long research by Business Week editors. To win a position in this listing, a company must excel sales growth over three years, as well as earnings growth, and return on invested capital. Business Week 's 'Hot Growth Companies' are featured in the magazine's May 31, 1999 issue. Business Week is available on the World Wide Web at http://www.businessweek.com. "Citrix's growth has been fascinating -- like the Energizer Bunny The Energizer Bunny is the marketing icon and mascot of Energizer batteries. It is a pink rabbit that beats a bass drum and wears sunglasses and blue sandals and has been appearing in television commercials since 1989. , they just keep moving up the charts," said Jeffrey Tarter, editor and publisher of Soft-letter. The 1999 Soft-letter 100, published annually since 1984, is a ranking of the hundred largest independent PC software companies in the United States based on 1998 revenues. To be included in this listing, a company must be an independent, U.S.-based company that generates at least 50 percent of its revenues from personal computer software development or publishing. About Citrix Founded in 1989, Citrix Systems, Inc. is the nation's 13th largest software company and a world leader in system software for server-based computing. The MetaFrameTM and WinFrame(R) product lines and Independent Computing Architecture Independent Computing Architecture (ICA) is a proprietary protocol for an application server system, designed by Citrix Systems. The protocol lays down a specification for passing data between server and clients, but is not bound to any one platform. (ICA Ica (ē`kä), city (1993 pop. 108,724), capital of Ica dept., SW Peru, on the Pan-American Highway. It is a commercial center for the cotton, wool, and wine produced in the region. There are several summer resorts nearby. (R)) technology give organizations the independence, speed and flexibility needed to extend any application to anyone, anywhere. The company's server-based computing solutions are marketed through a worldwide business alliance of value-added resellers, system integrators, OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and licensees and industry associates. Citrix is based in Fort Lauderdale, Fla. and is traded on the Nasdaq National Market under the symbol CTXS. For more information, please visit the Citrix website at http://www.citrix.com. For Citrix Investor's Forward-looking statements in this release are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of Section 21E of the Securities Exchange Act of 1934. Investors are cautioned that statements in this press release which are not strictly historical statements, including, without limitation, statements regarding current or future financial performance, management's plans and objectives for future operations, product plans and performance, management's assessment of market factors, as well as statements regarding the strategy and plans of the company and its strategic partners, constitute forward-looking statements which involve risks and uncertainties, including, without limitation, risks associated with the company's reliance upon its strategic relationships with Microsoft and other strategic partners, dependence upon broad-based acceptance of the company's ICA protocol, management of growth, market acceptance of new products or new versions of existing products, the possibility of undetected software errors, and dependence on proprietary technology, as well as risks of downturns in economic conditions generally, and in the software industry specifically, and risks associated with competition, competitive pricing pressures and year 2000 compliance efforts of the company and third parties on which the company is dependent. For a more detailed description of the risk factors associated with the company, please refer to the company's Annual Report or Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 1998, on file with the Securities and Exchange Commission, and the company's Form 10-Q Form 10-Q See 10-Q. for the quarter ended March 31, 1999, on file with the Securities and Exchange Commission. Citrix(R), WinFrame(R) and ICA(R) are registered trademarks of Citrix Systems, Inc. MultiWinTM and MetaFrameTM are trademarks of Citrix Systems, Inc. for which there are pending applications for registration in the U.S. Patent and Trademark Office. All other trademarks and registered trademarks are property of their respective owners. |
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