Citrix 2013 Annual Report Download - page 18

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ITEM 1A. RISK FACTORS
Our operating results and financial condition have varied in the past and could in the future vary significantly depending
on a number of factors. From time to time, information provided by us or statements made by our employees contain “forward-
looking” information that involves risks and uncertainties. In particular, statements contained in this Annual Report on Form
10-K for the year ended December 31, 2013, and in the documents incorporated by reference into this Annual Report on Form
10-K for the year ended December 31, 2013, that are not historical facts, including, but not limited to, statements concerning
the impact of the global economy and uncertainty in the IT spending environment; the success and growth of our product lines,
including transitions in the markets for our desktop virtualization and collaboration products and services; our ability to
develop and commercialize new products and services, including enterprise mobility and cloud platform products, while
growing our established virtualization, networking and collaboration products and services; disruptions due to changes and
transitions in key personnel and succession risks, including but not limited to risks related to the timing and outcome of our
CEO search; the introduction of new products by competitors or the entry of new competitors into the markets for our products
and services; changes in our revenue mix towards products and services with lower gross margins; seasonal fluctuations in our
business; failure to execute our sales and marketing plans; failure to successfully partner with key distributors, resellers, system
integrators, service providers and strategic partners and the company's reliance on and the success of those partners for the
marketing and distribution of our products; our ability to maintain and expand our business in small sized and large enterprise
accounts; the size, timing and recognition of revenue from significant orders; the success of investments in our product groups,
foreign operations and vertical and geographic markets; our ability to make suitable acquisitions on favorable terms in the
future; risks associated with acquisitions, including failure to further develop and successfully market the technology and
products of acquired companies, failure to achieve or maintain anticipated revenues and operating performance contributions
from acquisitions, which could dilute earnings, the retention of key employees from acquired companies, difficulties and delays
integrating personnel, operations, technologies and products, disruption to our ongoing business and diversion of management's
attention from our ongoing business; the recruitment and retention of qualified employees; risks in effectively controlling
operating expenses, including failure to manage untargeted expenses; the effect of new accounting pronouncements on revenue
and expense recognition; the risks associated with securing data and maintaining security of our networks and customer data
stored by our services; failure to comply with federal, state and international regulations; litigation and disputes, including
challenges to our intellectual property rights or allegations of infringement of the intellectual property rights of others; the
inability to further innovate our technology or enter into new businesses due to the intellectual property rights of others;
changes in our pricing and licensing models, promotional programs and product mix, all of which may impact revenue
recognition; charges in the event of the impairment of acquired assets, investments or licenses; international market readiness,
execution and other risks associated with the markets for our products and services; unanticipated changes in tax rates, non-
renewal of tax credits or exposure to additional tax liabilities; risks of political and social turmoil 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 could 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, 2013, 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.
RISKS RELATED TO OUR BUSINESS AND INDUSTRY
Our business could be adversely impacted by conditions affecting the information technology market.
The demand for our products and services depends substantially upon the general demand for business-related computer
appliances and software, which fluctuates based on numerous factors, including capital spending levels, the spending levels and
growth of our current and prospective customers, and general economic conditions. Moreover, the purchase of our products and
services is often discretionary and may involve a significant commitment of capital and other resources. Future economic
projections for the information technology sector are uncertain and highlight an industry in transition from legacy platforms to
mobile, cloud, big data and social solutions. If our current and prospective customers cut costs they may significantly reduce
their information technology expenditures. Additionally, if our current and prospective customers shift their information
technology spending more rapidly towards newer technologies and solutions, the demand for our products and services most
aligned with legacy platforms (such as our Desktop Virtualization products) could decrease. Fluctuations in the demand for our
products and services could have a material adverse effect on our business, results of operations and financial condition.