CTXS - Earnings call transcript Q4 2019

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Operator

Good afternoon. My name is Erica and I'll be your conference operator today. At this time, I would like to welcome everyone to the Citrix Systems fourth quarter earnings conference call.

All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer period. Instructions]. [Operator

would introduce I Tsuchiguchi. like now you. Traci to Thank

conference. You your may begin

Traci Tsuchiguchi

Participating will thank Good Chief President fiscal Chief quarter call. fourth afternoon, Executive year Financial the you earnings joining Shenkman, everyone. and And Officer, for and us Executive President David be Henshall, for Arlen today's XXXX Officer. on and call Vice and

Please Investor Relations our earnings letter note to that we have posted our fourth quarter website.

provision under of that today's US conversation contain the I'd Safe statements to made Harbor that are These current remind you law. and subject like on to differ could those expectations the materially results assumptions forward-looking securities anticipated. will based risks statements are Actual from uncertainties. and

in the filings SEC. concerning from SEC are the these the company's available other Copies information on website. highlighted and Relations and our in Investor or is with Additional letter factors today's earnings

will Furthermore, today's on the Regulation of our found A our reconciliation discuss financial by financial earnings our page end defined Investor discussed website. non-GAAP between non-GAAP SEC's we found of measures letter at G. can and be measures differences various the of as Relations GAAP call on

like to and Executive over for to turn David, Chief remarks. our some President introductory it Officer, I'd Now,

David Henshall

ago And while hope to afternoon, the posted our earnings the Traci. Relations a for chance review little call. Thanks Investor everybody joining Thanks, good everyone. I to had we has letter a site. that

year-over-year summary XX% ARR, deferred a quarter. SaaS I'd Similar fourth our a unbilled and increase last by for say, with to subscription happy XX% ARR, quick revenue. we'll and highlighted here really performance jump It's in in let just provide in into and XX% overall, me then growth right Q&A. quarter, growth the

of transition continues accelerated across progress last the businesses, I'd plan ahead coming both Workspace say year. well we that and just our Networking outlined our really model to

product a bookings subscription ago. of XX% and XX% just came year is up In from the via quarter, total this

reflecting couple a that strategy, contracts and going. quarter, and in is we those our in history signed fact, of customer where signed we our execute in really Networking our the In on market this the subscriptions, confidence largest to multi-year ability roadmap as

new our this most Workspace. we're functionality significant driving since brought the Personally, to going the in that platform December. release Workspace over coming the was Also, with the think, introduction made is be that available platform feature I A generally we intelligence to and scaling market years. good of

really our in, So, good goals. against multi-year all progress quarter, solid

let it for me with So, open up that, questions.

Operator

[Operator Instructions].

of Phil Your first the Fargo. Wells Winslow from question line with comes

Philip Winslow

my the taking a question. congrats And end for guys, great thanks, of on Hey, year.

Just want significant called you shift to to there us some walk could focusing – pretty you the on licensing. transactions business, in Networking Wondering as a out pretty David, well that. just capacity through actually, as if big the pooled obviously,

you wondering bookings impact that Arlen, us big help obviously, it subscription think quarter? because, of the could step-up then, through of a terms And of just sort in if the this net was

David Henshall

Sure, part. Phil. me take first Yeah, the let

unique nicely ties flexibility the across infrastructure. models. it manage to cetera. really effectively allows do ADM the think we've our service And form fact control call just that that et can to that. as most So, knows, we're software a of of appliance, those – lot a factors, trying software, is we leverage that as we multi-cloud across do And been strategy we've And services nature from deploy as a everyone to a with appliance of a that hybrid a really – container I as And different of just company. a virtual have different customers' plane we all myriad what standpoint, got networking deployment and customers

customers. of really really, on transition going architectures, a application that's nice in that's a of lot just the bridge terms With for

primary So, but what's business pooled it's shift. that and a also capacity. strategic a we're longer-term is thing, model as model It's pushing our just driving that

had of that large couple transactions. really it you in I XXXX. down, a I up the back up will That as to by percentage a pop rate. mentioned, was a As the influenced, That we going minute really XX% terms in big saw, to right but motion. be expect wouldn't generally of from the overall quarter, to being continues come the ago mix run into

Arlen Shenkman

this. year, XX% we we're think pooled that, this strategy. year that's licensing our honestly, arrangement. basically ended hold I Yeah. I'd come like They start the into full Phil, show think our Networking see our be see if probably tell the for think, add But think I business, I you do XX% at go I do itself you'll we look as And XXXX. through is, of full to at to customers out mix, that's David in going don't compared focus place what I'd What said, and to as to that. buying for you to the ARR, to we the and best able

Philip Winslow

guys. it. Got Thanks,

David Henshall

Thanks, Phil.

Operator

with from Goldman question Sachs. Heather Bellini next Your comes

Heather Bellini

in much. reading press I release you quarter, pretty a correctly, was, a walk how Windows no guess, million if And I from could life. what's wondering you you. think couple order, got Great. that. I X end of people don't in which this the your so lot a mind. if you mind. two particular a being driving the have of you much There's David, always guys driven it then, I've you uptick. in of is if don't follow-ups, Thank if I'm Citrix cloud big of signed, questions, seats I'm Thank debate quick is just market, through

David Henshall

Sure.

right. You're

QX of now years. we What's than XX% million. ended been up just from As we've over just paid a X count, X.X more couple year-over-year subscriber driving is with the a million. that far that talking strategy for as really about of overall That's continuation

maintain to of that our ability infrastructure drive have From us current to that tools services that allow their a cloud do the all can really does and we lots migrating standpoint, to customers. really scale across forward to a their customer it and One, heavy lifting optimize of things. just simplifies Citrix to few and

huge as And something probably but capabilities on is is simple benefit service, importantly, of on only available service. basis with net that new it endpoint are a as a new Workspace of so, Intelligence, a the unlocks like as unified whether pure some though, as really just a our management to like-for-like, much be that of across only a more lot infrastructure which it's will all capabilities available their

combination grow set of really a that but those it have for customers, today forward. it's of So, foundation provides what optimizing them to going they for

I a and value. better every job doing quarter we're just of articulating – think better so, the we're And

describe Our really sales so the that information more And we're a initiatives, much executive teams IT talking type are having conversations higher things I traditional delivery up would about are, than in initiatives. as, ranks.

different all those So, it's of a factors. combination of

Heather Bellini

headwind revenue growth XXXX? you or two a And that, quick result mix, been be, type if – could headwind to to your not? based the remind And us revenue that would on growth. midpoint about through Could you as of going follow-ups just great. obviously, there a then, for What us, on Okay, the whether you've the is want current to take of remind is subscription you transition. expectations

the able be other commentary be type XX% year? up of And subscription in question of being on growth for would growth then, about I out Obviously, QX. Thank XXXX. ARR people subscription to ARR heard Any for comments might you. that just this the expect your

David Henshall

have that relatively going a simply not standpoint where metric. business take new look we're a it's to sure can subscription it to transition all back, we at Heather, accuracy. of want this a few really, XXXX. And Sure. from good model function a is to forecasting just that But make of starting is that's more importantly, that's guide one the at really over ARR last unwind. least it quarters, in with and We I'd step you

was think in QX, I growth I in XX% remember it QX, XX% in QX. correctly, if XX%

So, installed as just forward. net base still could an reflection numbers the the of which sorry, repeat of well going we're a majority, as new, I'm actually as bigger. both migrating seeing more that's the acceleration is first…? of the And get you that

Heather Bellini

Yeah.

growth your about the of last the on line people to you this will should be from was transition, headwind you to Just you're that year? of where how the XXXX take headwind be thinking revenue on kind mix, the question expectations top midpoint subscription the if experiencing

David Henshall

points reported that just well aware of because I X out transition stopped was it points we've the ARR or doing But last basis break we didn't it back But of out We in posting were We it XXX range. guidance was Yeah. transition, and point there, think for X percentage XXXX. XXX this it. and point, we terms the is we metrics. basis everybody headwind percentage started in that the time when got

Heather Bellini

Okay, great. Thank you.

David Henshall

Yeah.

Operator

comes Your with next Deutsche Keirstead question Karl Bank. from

Karl Keirstead

of you Maybe per gave the Thank I'll $X but didn't with In cash a start the guidance, letter, XXXX free reiteration to share the I flow. in you. $X Arlen. earnings see

a So, that over little is durations there bit for duration little compress I cash maybe with bit, any the two-parter zip or kind potential for the to of ratable, flow. then which would that, of Thank Still to a take you. secondly, out comfortable know a the you months? that? And base feel couple installed you. compression converts of of last seen Have billing invoicing of as free

Arlen Shenkman

Yeah.

gets are as of out about duration That's, we range $X in remain rightfully, when So, obviously, that affects and some $X. hence complexities the guidance our business. how with in at the as And how terms is look, – you what of that. terms there the door, we Karl, in change we delivered I'll cash no start point comfortable think the Day, the Investor obviously, there with in the included well as in to

haven't really question compression. your about of compression, terms In I seen

anything, I entering terms think, generally a duration. XX-month we're longer it's in of contracts. had look X.X at years. the if length, actually if into Obviously, bit We you

us we that itself don't that But, reflects the anything So, David. course to if in and itself terms flow, is think how the of I about how biggest that, to obviously, to want for in cash mix we'd of year expect add you the impact results over the or know duration the continue. business.

David Henshall

Yeah. has Karl, think duration not which been I the you're about contract, on out. the going asking

think I more prepayment. it's about

Karl Keirstead

That's right.

David Henshall

buying multi-years year we about talked but customers were the That headwind ago, of paying maintenance a license, a when for perpetual also two buying of majority that because, were not and only absolutely upfront. or has our been

to we've to pure, been to flow. cash headwind As model that its a a run much pretty course. that's run rate, pure been And just that's more much get tremendous unwinding a

percentage We haven't where very couple a quarters, low broken it out versus now it of in but was. a it's

So, is gone headwind I point. at think much pretty this that

Karl Keirstead

on focus for maybe and the at really in XQ words Okay, Workspace of really my And analytics a – that functionality is little call described bit in is you, then, more – as features earnings your earnings you second question your significant this the the David, history. great. letter just in launch intelligence these putting most

a wouldn't mind, pressing bit. I So, that, little given

probably contracts know are for that share month or David, anecdotes I January, revenue little any they in those the accretion just installed in that, share went of Citrix? you Anything of when X. view for new base GA a ago, that the or see instance, acquired over have to but, for that this So, far numbers a needle support can tend can December so you could early up features, renewal be mover would you that kind a interesting

David Henshall

much a say, giant level, was days old new the of about it's event. license when a I'd platform. is perpetual Karl. a at different high evolving the This release than more Yeah,

over – the is direction towards really that or And those pretty and applications moving last provide transparent positioned of group like to VDI, It's a we've couple is that whether us type, that we've very solution about so, all the users simple a Office of the of XXX the moving. that's that to really platform power users with et have the of the and Workspace been users – applicable a needs this customers approach this virtualization, whether allows all that need this SaaS cetera. way really is is year

market. all cover an from basis so of end solution, the conversation provide so, that of platform also segmentation have a bringing on to continue an and right tool a to the us wall-to-wall standpoint, ongoing that level we allows customer right the that those we opportunities, that And can really we're but platform the drive user to then new upsell things about can to

this For and point example, analytics announced time. we analytics, at that security others performance haven't in

the we last And we big about and were is be the going of over work. and the engage much applications, helping think shift moving more more organizing IT focus couple course predict the think from about so, And just to I much to Workspace. an how of where it's years guiding modernizing

now a officer, more that that's big titles digital just carry like marketing we're that's with, officer conversation chief an people exciting chief others. And and and having not shift that CIOs, and frequently more but so, transformation

excited So, it's to continue going be we it, that about the but we're think year. thing to just I ramp gradual a throughout

Karl Keirstead

it. Got

you Okay. both. Thank

Operator

Your Moerdler Bernstein next with question is from Research. Mark

Mark Moerdler

of you Thank Can it a congratulations clean I Citrix simple. Nice of an it I'll on Workspace where but QX larger-than-normal sale license have a an think longer Burst us couple do license selling if made got you, no any create And you. impact questions a quarter? And keep the the results. follow-up. in had then, quarter. And on Did licenses? how sales? you the you are on I've process for update on give the

David Henshall

Investor grab plus about Mark, let just me talked Look, licensing end we perpetual So, at Day that. maintenance.

the through our that in system. are working of process We

impact see in the quarter. that no fourth of You

implemented have that. not We

continue the in mix the have was taken talk course but You'll current any the three year-end of to not in And our about reflection through subscription results. already us is year, the no that Workspace. hear quarter and of bookings there we action

muted be the a relatively basis. will on go-forward So, impact

Mark Moerdler

base of can in you and any much you existing to an over or the give And Any installed of Workspace Okay. opportunity? color where is terms moving the subscription how cloud? on on sort then, Citrix of move you on was to on any us that bigger what update are base are seeing starting installed where

David Henshall

– base. take one. I'd installed We're that me perpetual licenses. than right still. of on selling let the we to still move base around say are number Yeah, that less installed is XX% early The continues because

quarters. installed while level that materially So, analyst that we the pretty growing financial get of over amount is importantly we're meeting the about the while yielding Probably last is couple of the of bigger. most moved transition. The our up we has talked still numbers base at uplift transition

So, the is I more XXXX. doing significant of pretty opportunity much throughout think we'll and that be

Mark Moerdler

Thanks. it. appreciate Really Excellent.

David Henshall

You bet.

Operator

from next Your question Jefferies. Brent is Thill with

Parthiv Varadarajan

Parthiv Yeah, Brent. is thanks. This for on

XX%. assumes terms this letter of In XX% at the I the that think up for I'm guidance expecting to And subscription mix you of right, to indicates a bookings outlook, the if Analyst XX% XXXX at were looking Day.

the Day? they assumptions had So, is, in the business I at margin changing Analyst band are within here back guess, your or the question you expected at the are still that the

David Henshall

don't think I here. anything has Yeah. changed

see, to first you about some seasonality. there's, As to obviously, talked We've range. XX% the the quarter being closer XX% much

plans in what the and full will way You about looking our we very time, when at over right but for the think that over XX%, talked And to and go XXXX, to approach with think with consistent beyond see we it. XX% it's we went terms about that's of the at Obviously, Investor Day. us consistent year our that's business. XX%, we we roadmap what for

Parthiv Varadarajan

CSP XXXX. the that data in was point I of the got we second for And think it. then, got quarter business, last Okay, the

run and you million a on rate versus terms that think update between about talked talk mix about Maybe or rate. I maybe in the CSP the growth on-prem any run of end cloud? rates $XXX

David Henshall

it's not we something break much Parthiv, really anymore. Yeah. out that

try I CSP and just piece It's think their it to would service in to is people a of customer. all end individual channel infrastructure create into are channel parts. to overall break subscription included the our the program leverage just that Overall, now confuse we're for offering. these as complete transition, number out though, and partners allows that things a

be know nine those lot growing. where it I over cloud the as to Obviously, move business is terms size depends on in customers just flexibility infrastructure. the in like term, the or it It figures of on-prem highlighted. a but really more Citrix Continues has And great you don't they are Cloud, so. partner. long and of to been a they have

Parthiv Varadarajan

Okay, Thank you. fair That's helpful. enough.

Operator

with Pritchard Walter from is question next Your Citi.

Walter Pritchard

you. for question product A David. Hey,

it which causing from Helping seeing it Microsoft Is what, your Microsoft there curious as QX, point. have how subscription? you any, this found creating confusion? in Just that if impact awareness? I some to Virtual relates it transition Just Desktops to Is you're think the business? offering being out launched Windows impacting at

David Henshall

public at Well, on-prem look another for or et really or virtualization cloud platform customers a a or, where their platform. as WVD parts as in with cloud, at up And awareness high I think our resource allow zone opens language, like cetera. along the level a can it we to run a in infrastructure we of

a it's zone So, resource respect. that from

When it created confusion. some it was market first announced,

been We a just sellers Citrix work our Citrix partners between kickoff position and to at spending We stage ago. all how a Microsoft, to separation had educating so, sales Microsoft on field. how And our is, of our of the lot and this. talking real time really we've we and and about had what our week together

This Microsoft. is to standpoint, of product joint we're going everything the standpoint, time a with integrations doing field together a continue highlighting better all and customer that. really a story joint spend And lot do from about we to we're

change no on So, front. that

Walter Pritchard

then, you. And for Arlen, Great.

we be customers on in trend want that substantially to mix is Just Is XXXX? licensing up – with half QX drove sustainable a sure make the sustainable some the forward? first as may subscription I think flexible to on Networking went Or was I was that move not the you piece, clear that element a here offering choose that of there there. in the that

Arlen Shenkman

growth. what So, see I is you'll think continue to

data and XX% for the that, year. the point utilize magnitude to the XX% think I think to I I'd try

that of is deals the did. by some think we I larger driven magnitude

direction. driving in an that increase. just in believe that in see of will the you'll continue continue that I of terms we're very confident I'm of moving So, that consistent the confident One, fact number that parts magnitude in very in move see not business, the the confident be customers we'll that. that to to customers we're terms

Walter Pritchard

you. Okay, great. Thank

Operator

Weiss Morgan is Stanley. next Keith Your with from question

Unidentified Participant

Hi. One, my [ph] I could be licenses guess, for converting ones Mark that question. that about. on like base just Thanks. O'Neill talking we've maintenance base is that of for existing transitioned? Thanks taking Keith how maintenance in terms Maybe two Weiss. quick big that been

you looking on two, Analyst like guess continue I base, years And then next than that like less maybe way focusing of at XX% through noted Day when just October. on the the transitioning into like you few should XX%. year? that like of Or is thinking would be expectations, modeling. it's we much high to too level about be way Kind too in about helpful per some Maybe set that how still or low? think

David Henshall

We're to a to build and value, put to Yeah. want the of sense a them, simply It's forced up of migration. it looking give to we're adopt the obviously, very growing be guide internally, programs in go of We're, customers go been the not to It's right That planning this. allow rapidly growing to a fast now. percentage from any transition. right on programs and as specific customers going type going basis. trade as to right part them has call – front and we not

It is focus. the still minority

to I be So, want that. about clear

customers net motion. new still a selling on and We existing both then new up trade focused and becomes are more to licenses secondary

– is maintenance hardware and the related of of that overall you although the just software. But look at in see contracts, the to support look ongoing The and and bulk terms both line. services magnitude, P&L at

we're they And customers ongoing seeing the So, the to billion converting we just point that the in to make at doing so up it that standpoint. want uplift that maintenance opportunity this see we're it's the been from really sure an methodically, well we've and value there that solutions. drive over $X

pathway partners channel level as that, some but incent not providing things sure on updates, new to these get and capabilities. things, Workspace platform, and make that add-ons, only migrating right new the to use new starting also we're of to use are sell like driving we we new capabilities, active onto that customers, We're have we with that Intelligence new of so

motion overall the we're right that's driving so, now. And

Unidentified Participant

Great. much. Thanks so

Operator

question Lenschow next Raimo from Barclays. comes Your with

Mohit Gogia

on for taking questions. the on guys. Two Raimo. offer I'll quarter, a Hey, my Gogia quarter. Mohit also for on solid Thanks question. my It's congrats

So, one, business into was David, can performance. the you if SSP wondering drill I just

Arlen. So, much aware there rebound just we quarter obviously, next volatility based on well? from we expect But Or should should comps just the have I as same comps year. is a seasonality year saw else easier this on last we the And looking for and of? XXXX, be then based the anything into a for the nice question

David Henshall

It's now just and because to revenue. SSP, level. for handful. we'll a it volatile break down Sure. to, total a X%, it's out I small while X% it know, a high don't It's is continue at of

It's does So around it's going a little not move continue to be bit. to volatile. material, but it

work so going those focus these software, are the right their to say containers, will engagement businesses a I with Although, and there arrangements, where that types going. much the of element, long-term on part driving always is to that strategy will while of multi-year types be that the we're of things the hardware customers we're now of on support to more

So, its less say and but over context become be But for it X% still – or the volatility the it revenue. of in there that less time, it's keep while. a of I'd just X% total will pronounced will

big a So, not deal. it's that

Mohit Gogia

question, a just helpful. deferred. just one That's Arlen, question on modeling Understood. And,

this just will that maintenance more can Obviously, to being if some more saw the you upfront. billed are maintenance out sequential there phasing deferred uptick, multi-year guys helpful. on deferred. the have quarter. from some as hasn't in up We of have the will be on for multi-year of somewhat modeling we Maybe based away yet, how you a like commentary sort So, headwind been thought but color – it that color show we phasing some on but rolled heard give seasonal that be uptick, would nice deferred will around that more contracts away us

Arlen Shenkman

Yeah.

at business, when After a – I the back think where way kind in you first of we're in more think, future ARR, would the that Day, how is move committed and that go the get away idea at start the revenues look obviously, an you'll to headed I in we but will I unbilled you're going you talked of about about buildup, look, our of back, would lot take of about from think normalization Investor if and and to ARR. you a business. say, terms step to in more of terms see react this

And of one of the ARR you'll we'll to because that reasons deal how is terms one with and I the deal of in we model think things started with And with, have and effect about of pull how kind the our as those do how business, have business. on-prem is the that we in, XXX. effect that of on licenses and term an

even terms across for to SaaS, our on that to uptick had that prepaid on volatility business, continue to movement a an basis is though well there's is of and the continue it's going when going and mix, license licenses as seasonality. feel on-prem of mix away deferred going move some have as in have which we that as particularly impact look an where line. and so, said, it's in to short-term depending not maintenance, But, all deferred. you're continue the we headed. you long-term be Networking to to but And mix quarter-by-quarter the only move pool term around we're to We going obviously, And you from see good we'll at

Mohit Gogia

Sounds good. Thanks, guys.

Operator

Your Majek next Raymond from question James. is Robert with

Robert Majek

and give forward? an put partners Desktops you And far more see you an your how customers? been update emphasis going Can we'll offering then, lot. so has additionally, and sell-through on with us Managed is the on Thanks this Citrix Great. a

David Henshall

we're Virtual Really give a service. CMD, for live. that Yeah. Those to going Microsoft are packaged turnkey now things with offering on complete fully everybody, Windows a way of our just is Desktops. building just customers that top DaaS

platform not going history part the that users based a but to their more of to user there's that much usage. regardless it individual at So, approach the of on to it way whole yet, talk their It's forward. more earlier, end we've where foundation, platform segment lot about have and the lay of continue much all end important I is then the similar so got look the us kind users strategy and specifically solutions of a we'll – that covers requirements described those their allow

be critical a So, think just going it full VDI be Managed forward. it that most that that I could of a simply analytics. could solution, flexibility could Citrix be level is It's Desktop,

we'll In uptake. stay of much update about more talk But quarters, to story overall couple going terms So, of an think oriented. just provide in be tuned. I is we a platform the that

Robert Majek

a Thanks lot.

Operator

question comes Kirk ISI. Your final with Materne Evercore from

Kirk Materne

thanks. just the congrats grease points where any is, to on for direction guys on starting will from potential platform speak heading and strategy. terms if of tradition, come in guys been stand oftentimes universe? you're being you how get about in. take just to question of system the to makers the as to the there platform, we maybe validation to guess, ecosystem decision help, of IT that very you global companies can about talk in David, of now are away is their evolution And on just that's I partnerships Thanks the the away through quarter. Traditionally, Thanks. have trying this of you outside you I sense a a sort Yeah, thinking much. the you helping as of an partner software I transition of and the the integrators sales where coming go skids guys sort terms from more kickoff are and area can in talk as that I'm you Workspace think, along help

David Henshall

that for overall on big different publicly, week a message that It was talking but right. I partnerships can really the talk a aren't a few about a announced selling that can't years. into of set tell buyers been of I and it's you're Yeah. specific last you we've focus journey about

new. totally hasn't net it been So,

terms conversation things lot and group I been the that helping because of the long-term with down of this is on real. one and engagement this in as how beta customers a capabilities, focused of a it. engaged of large them them that them on and However, partners had a of is platform, a have some tool direction that would That's GSI to apps sitting build in out comes we part micro as a whatnot our foundation with much – around these build unique build them practice from to more a a as help not they just but differentiated working around as the with become actually be engagement, using businesses was larger

to work customers. a new engagement installed with traditional both base continue So, on with good GSIs, our and partners of set

the message week. was So, last pretty holistic

I more good products. a is across imagine. for which individual point that moving alignment But been cloud continuous company sells while. we've as of think model, engagement got you one a would a a that's journey sellers. for Not we've a our much on to typical versus We're transition,

getting little got we've And good think of we're and so, course be each every to we a couple where need I and pretty the years. good, better over next view pretty quarter, it of a bit the at of

Kirk Materne

much. That's helpful. Thanks very

David Henshall

right. was question. last the like All that It sounds

XXXX strong this to fourth we're year, end quarter. want I a thank to area. and up go-to-market optimistic with the both way again joining doing wrap everybody afternoon. and Really across the nice for product again, just obviously, So, us coming us We're, about off everything for

our you of April. many with and quarter speaking results to forward with back in the quarter Look throughout reporting first

night. So, you very a have much and good thank

Operator

in today's you participating for call. conference Thank

now disconnect. may You

Citrix Systems (CTXS) 22 Jan 202019 Q4 Earnings call transcript