Citrix Systems Announces Preliminary Results for First Quarter 2002.

Business Editors/High Tech Writers

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--April 8, 2002

Citrix Systems Inc. (Nasdaq:CTXS) today announced preliminary financial results for the quarter ended March 31, 2002. Based on preliminary information, revenue is expected to be in the range of $141 million to $143 million, up 6% to 8% over the first quarter of 2001. Adjusted earnings per share is expected to be $0.15 to $0.16 cents, compared to $0.17 in the first quarter of 2001, all adjusted to exclude amortization charges. Deferred product revenue was up approximately $7 million sequentially, due to higher renewal rates of subscription agreements.

"Discretionary IT spending continued to impact our packaged product business, although we saw a significant uptick in subscription and support services which are recognized ratably over time, causing an increase in our deferred product revenue. During the quarter, the company incurred one-time restructuring charges of approximately $3 million, which equates to slightly more than $0.01 per share, primarily due to the relocation of the company's Salt Lake City development team," said Mark Templeton, Citrix president and chief executive officer. "Our first quarter total business demonstrated the underlying value of our solutions, even in this tougher IT spending environment. We remain quite confident in our business and we continue to be well-positioned to take advantage of our markets as the climate around them improves."

Citrix will hold a conference call today at 4:45 PM ET. A live webcast of the call will be available at http://www.citrix.com/investors. The conference call can also be accessed by dialing [phone] or [phone]. A replay of the conference call will be available through April 15, 2002, by dialing [phone] or [phone]. A replay of the webcast can be accessed by visiting the Investor Relations section of the Citrix corporate website at http://www.citrix.com/investors.

First quarter results are preliminary, subject to the company closing its books and the company's management and independent auditors completing their standard quarterly review procedures. Unless otherwise stated, references to financial results in this release are provided on a pro-forma basis. Pro-forma operating results exclude the effects of amortization of intangible assets relating to business combinations, which are included under generally accepted accounting principles. Citrix will announce its final first quarter financial results on April 24, 2002, at which time additional commentary will be provided.

About Citrix

Citrix Systems, Inc. is a global leader in virtual workplace software and services that provide access to applications, information, processes and people on any device, over any network, anywhere, anytime. Citrix makes today's digital office completely virtual - instead of having to go to your office, the office follows you. Working with the world's top industry, integration and consulting partners, Citrix delivers enterprise-ready solutions to business challenges including application deployment, remote office connectivity, workforce mobility and business continuity. More than 120,000 companies worldwide use Citrix Solutions for the Virtual Workplace to give users more mobility, give IT organizations more flexibility and reduce the cost of computing.

Citrix offers two families of products that enable virtual access to information: Application Server software, including MetaFrame XP(TM), MetaFrame(R) for Windows(R) and MetaFrame for UNIX(R); and Access Portal software, including NFuse(TM) Elite, NFuse Classic and Enterprise Services for NFuse. The company markets its products through a well-established indirect channel comprising more than 7,000 resellers, integrators and consultants. In fiscal 2001, the company had net revenues of over $590 million. Citrix is traded on the Nasdaq Stock Market(SM) under the symbol CTXS, and is part of the Standard and Poor's 500 Index. Citrix is headquartered in Fort Lauderdale, Florida. For more information, please visit the Citrix Web site at http://www.citrix.com.

For Citrix Investors

This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Investors are cautioned that statements in this press release which are not strictly historical statements, including, without limitation, statements regarding preliminary estimates of revenue and earnings per share, growth in the business and product mix, and management's assessment of market factors, constitute forward-looking statements. Such forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated by the forward-looking statements, including, without limitation, accounting entries and adjustments at the closing of the quarter, unexpected expenses and other risks associated with the company's business, including the success of the company's MetaFrame and portal software product line; the company's product concentration and its ability to develop and commercialize new products and services; the company's success in expanding into new geographic and vertical markets; the company's ability to expand its core business in large enterprise accounts; the size, timing and recognition of revenue from significant orders and other revenue recognition changes; increased competition, including potential competition from Microsoft and other companies; the results of the company's new licensing programs; changes in the company's pricing policies or those of its competitors, including Microsoft; the costs and risks of developing, acquiring, or integrating new technologies or enhancements to existing products; the risks associated with third party licensing arrangements; the company's reliance upon its strategic relationships with Microsoft and other strategic partners; management of growth and higher operating expenses; the possibility of undetected software errors; dependence on proprietary technology; charges in the event of the impairment of assets; the maintenance of the company's growth rate; as well as risks of downturns in economic conditions generally, and in the software industry specifically, and 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.

Citrix(R), MetaFrame(R), MetaFrame XP(TM)and NFuse(TM)are registered trademarks or trademarks of Citrix Systems, Inc. in the U.S. and other countries. All other trademarks and registered trademarks are property of their respective owners.