• Citrix Systems Inc (NASDAQ: CTXS) reported a first-quarter FY21 revenue decline of 10% year-on-year to $776 million (including Wrike), missing the consensus of $797.64 million.
  • Product & License revenue declined 74% to $44 million following the discontinuation of the Workspace perpetual licensing offering.
  • Subscription revenue rose 28% to $342 million, SaaS revenue rose 40% to $171 million.
  • Wrike contributed $7 million to SaaS revenue, and Support & Services revenue declined 7% to $389 million.
  • Workspace revenue fell 11% to $581 million due to the cessation of licensing offering. App Delivery and Security revenue declined 6% to $170 million.
  • Professional Services revenue reduced 9% to $25 million.
  • Revenue from Americas declined 12% to $427 million, representing 55% of revenue. Revenue from EMEA and APJ declined 5% and 14%.
  • Total…



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