Citrix Systems has turned in large profits on an increased turnover of 178 per cent in its fourth quarter, with the company citing its Winframe and ICA thin/client solution as the reason for its success.
Turnover for the 1997 year was $124 million, compared to $45 million in the year before, while profit was $44 million.
Roger Roberts, the Citrix CEO, said: ?1997 was a pivotal year marked by the acceleration of the thin client computing market.?
The big result for Citrix in 1997, although not stated in its financial results, was that it secured a deal with Microsoft to use Citrix technology after a tussle with the company early last year.
Just two weeks ago, Citrix signed a deal with IBM to use its ICA technology and before Christmas it signed a similar deal with Compaq.
Now Citrix has around 70 staff based at Microsoft?s HQ in Redmond, Washington State, whose job is to help develop thin client models for the software giant.
The financial results contrast strongly with other results from IBM, Microsoft and Compaq, who all blamed Asian currency problems for their lacklustre results.
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