The interest in thin client computing, and Microsoft's Windows Terminal initiative in particular, has paid dividends for Citrix which last week reported what it described as "record third-quarter revenues."
For the third quarter, which ended 30 September, Citrix reported that its net revenues almost trebled from $11.7 million (#7.3 million) for the third quarter of 1996 to $34.9 million. Net income for the quarter was $13.1 million.
Commenting on the results, Roger Roberts, Citrix' president and chief executive officer, said: "(the) results reflect continuing momentum for our thin client-server solutions and further demonstrate market support for ICA (Intelligent Console Architecture) as an emerging standard for distributing Windows applications to thin clients."
Meanwhile IBM, which has virtually reinvented itself as an Internet and network computing company, posted third-quarter results that it claimed were consistent with its long-term business and financial model. For the quarter ended 30 September, Big Blue announced net income of $1.3 billion compared to $1.23 billion for the same period last year.
Lou Gerstner, IBM chairman and CEO, said: "We made good progress in the quarter, strengthening our product lines to help our customers do business through network computing and the Internet."
Microsoft said it had "a very successful" quarter. Revenues increased by 36% for its fiscal first quarter 1997 compared to the same period last year. For the quarter which ended 30 September, the company reported revenues of $3.1 billion compared to revenues for the first fiscal quarter of 1996 which were $2.3 billion. The company reported net income of $663 million which included $296 million in costs resulting from the purchase of WebTV.
Greg Maffei, chief financial officer at Microsoft, said that shipment of the company's server software products grew well. Referring to operating systems, Maffei added: "Windows 95 and Windows NT Workstation grew significantly both in the OEM and retail channels."
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