Citrix 2009 Annual Report Download - page 23

December 31, 2009, that are not historical facts, including, but not limited to statements concerning new
products, development and offerings of products and services, including our Desktop Solutions, Online Services
and Datacenter and Cloud Solutions, market positioning, Citrix Ready, our Partner Network, Product Licenses,
License Updates, Technical Services, cash and non-cash charges, product and price competition, competition and
strategy, employees, suppliers, contract manufacturers, product price and inventory, contingent consideration
payments, deferred revenues, government regulation (including the FCC), seasonal factors, natural disasters,
stock-based compensation, licensing and subscription renewal programs, computer system enhancements,
international operations and expansion, revenue recognition, profits, growth of revenues, composition of
revenues, cost of net revenues, operating expenses, sales and sales cycle, marketing and support expenses,
general and administrative expenses, research and development expenses, obsolete materials charges, valuations
of investments and derivative instruments, technology relationships, open source software, reinvestment or
repatriation of foreign earnings, gross margins, amortization expense, goodwill and intangible assets, fluctuations
in foreign exchange rates, interest income, interest expense, impairment charges, anticipated operating and
capital expenditure requirements, contractual obligations, our Credit Facility, in-process research and
development, tax rates and deductions, tax liabilities and benefits, transfer pricing, our pending tax appeal,
acquisitions, including XenSource and Vapps, cash inflows, the Financial Accounting Standards Board’s
authoritative guidance, leasing activities and obligations, acquisitions, stock repurchases, investment transactions
(including our investment in bonds issued by AIG Matched Funding Corporation (the “AIG Capped Floater”),
our settlement with UBS and investments in auction rate and available-for-sale securities), changes in domestic
and foreign economic conditions and credit markets, restructuring activities (including our Strategic
Restructuring Program), delays or reductions in technology purchases, acquired in-process technology, liquidity,
litigation matters, intellectual property matters, distribution channels, stock price, payment of dividends, Advisor
Rewards program, price protection rights, proprietary technology, security measures, third party licenses, and
potential debt or equity financings constitute forward-looking statements and are made under the safe harbor
provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended. These statements are neither promises nor guarantees. Our actual results of operations
and financial condition have varied and could in the future vary materially from those stated in any forward-
looking statements. The following factors, among others, could cause actual results to differ materially from
those contained in forward-looking statements made in this Annual Report on Form 10-K for the year ended
December 31, 2009, in the documents incorporated by reference into this Annual Report on Form 10-K or
presented elsewhere by our management from time to time. Such factors, among others, could have a material
adverse effect upon our business, results of operations and financial condition. We caution readers not to place
undue reliance on any forward-looking statements, which only speak as of the date made. We undertake no
obligation to update any forward-looking statement to reflect events or circumstances after the date on which
such statement is made.
Adverse changes in general economic conditions in the United States or any of the major countries in which
we do business could adversely affect our operating results.
As a global company, we are subject to the risks arising from adverse changes in global economic and
market conditions. The worldwide economy underwent unprecedented turmoil in 2008 and 2009 amid stock
market volatility, difficulties in the financial services sector, tightening of the credit markets, softness in the
housing markets, concerns of inflation and deflation, reduced corporate profits and capital spending, and
economic uncertainties. The continuing uncertainty about future economic conditions could negatively impact
our current and prospective customers and result in delays or reductions in technology purchases. As a result, we
have experienced and could continue to experience fewer orders, longer sales cycles, slower adoption of new
technologies and increased price competition, any of which could materially and adversely affect our business,
results of operations and financial condition. Adverse economic conditions also may negatively impact our
ability to obtain payment for outstanding debts owed to us by our customers or other parties with whom we do
business.
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