Citrix 2014 Annual Report Download - page 117

Annual Report 2014 Citrix Systems, Inc.
Note Regarding Forward-Looking Statements
This Annual Report contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
Our operating results and nancial condition have varied in the past
and could in the future vary signicantly 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 for the year ended December 31, 2014, and in
the documents incorporated by reference into this Annual Report,
that are not historical facts, including, but not limited to, statements
concerning new products, product development and offerings of
products and services, customer value, addressable market and
market positioning, distribution and sales channels, our partners and
other strategic or technology relationships, nancial information and
results of operations for future periods, operating plans, product
and price competition, strategy and growth initiatives, seasonal
factors, natural disasters, stock-based compensation, licensing
and subscription renewal programs, international operations and
expansion, investment transactions and valuations of investments
and derivative instruments, reinvestment or repatriation of foreign
earnings, uctuations in foreign exchange rates, tax matters,
acquisitions, stock repurchases, our debt, changes in accounting rules
or guidance, changes in domestic and foreign economic conditions
and credit markets, delays or reductions in technology purchases,
liquidity, litigation matters, and intellectual property matters
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 nancial 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, in the documents incorporated by reference into this
Annual Report or presented elsewhere by our management from
time to time: the impact of the global economy and uncertainty in
the IT spending environment; the success and growth of our product
lines; decreases in sales from certain of our desktop and application
virtualization products; our ability to develop and commercialize new
products while enhancing established products; business, legal and
competitive risks of new products; disruptions due to changes and
transitions in key personnel and succession risks; the recruitment and
retention of qualied employees; 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 uctuations in our
business; the impact of our restructuring program; 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 signicant 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, difculties and delays integrating personnel,
operations, technologies and products, disruption to our ongoing
business and diversion of management’s attention from our
ongoing business; 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; risks
related to servicing our debt, including our convertible notes and our
credit facility; the impact of the accounting method for convertible
debt securities; generation of sufcient cash domestically to service
our debt, fund stock repurchases and fund strategic opportunities;
the performance of our liquid securities and strategic investments;
stock price volatility; unanticipated changes in tax rates, non-renewal
of tax credits or exposure to additional tax liabilities; risks of political
and social turmoil, as well as other risks detailed in our lings with the
Securities and Exchange Commission, including our Annual Report on
Form 10-K for the year ended December 31, 2014, or in the documents
incorporated by reference into the Annual Report on Form 10-K for
the year ended December 31, 2014. Such factors, among others, could
have a material adverse effect upon our business, results of operations
and nancial 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 reect events or circumstances after the date on
which such statement is made.
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