Webinar Wire

Citrix Posts Impressive Numbers

Posted by Ken Molay January 25 2008 12:02 AM EDT

Citrix released their financial information for Q4 and fiscal 2007. I was interested in what the numbers and the earnings call said about their collaboration products, which are grouped under the product/operating division of Citrix Online. This includes GoToMeeting and GoToWebinar for real time web conferencing, as well as GoToMyPC and GoToAssist, which are outside the scope of this particular blog. Citrix doesn't provide a breakdown for the individual products within the division, so we have to look at the combined totals for all four products.

Citrix Online pulled in $59 million in revenue for the quarter, and $213.7 million for the year. Pretty impressive, given the low licensing and usage costs for the products. Those figures represent roughly 15 percent of the company's total revenues, making it the second most significant contributor to revenues (a long way behind their bread and butter -- Application Virtualization Products).

On the earnings call, CFO David Henshall pointed out that Citrix Online revenues grew 37% for Q4 year to year and 44% from 2006 to 2007 total.

I was trying to decode his terminology, and it sounded like the bulk of the growth was driven by the GoToMeeting/GoToWebinar products. He mentioned a 79% year-over-year revenue growth for real time collaboration solutions.

Plans for 2008 include stronger expansion into international markets and adding operational capacity. He made a brief allusion to new product and feature announcements to be made later this year.

There was not a single question from any analyst related to the Citrix Online division, its products, or its financial results. I realize that the bulk of the business is coming from other areas, but isn't 15% of total revenues with a strong growth component worth at least a cursory examination?

Nice results. And nice to be able to break out the information about web conferencing products, at least to some extent. That has become impossible with Adobe and Microsoft and we'll have to see how Cisco treats the WebEx acquisition in their next annual report.