Citrix 2006 Annual Report Download - page 10

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8
© 2007 Citrix Systems, Inc. All rights reserved. Citrix®, Citrix Access Suite™, Citrix Presentation Server™, Citrix Access Gateway™, Citrix Password Manager™,
Citrix Access Essentials™, GoToMeeting®, GoToAssist®, GoToMyPC®, NetScaler® , the Access button and Citrix SmoothRoaming™ are trademarks of Citrix
Systems, Inc. and/or one or more of its subsidiaries, and may be registered in the United States Patent and Trademark Offi ce and in other countries. All other
trademarks and registered trademarks are the property of their respective owners.
This Annual Report contains forward-looking statements which are made pursuant to 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. The forward-looking statements in the Annual Report, such as statements con-
cerning 2006, the access infrastructure market, and management’s strategic plans, do not constitute guarantees of future performance. Those statements involve a
number of factors that could cause actual results to differ materially, including risks associated with the Company’s business, involving the Company’s revenue
growth and recognition of revenue, products, their development and distribution, product demand and pipeline, economic and competitive factors, the Company’s
key strategic relationships, acquisitions, and related integration risks as well as other risks detailed in the Company’s fi lings with Securities and Exchange
Commission. Citrix assumes no obligation to update any forward-looking information contained in the Annual Report with respect to the statements made within.
Investors are cautioned that statements in this Annual Report that are not strictly historical statements, including, without limitation, statements regarding the
Company’s access to the infrastructure market, management’s strategic plans, revenue growth, revenue recognition, profi ts, cash fl ows, composition of revenues,
cost of revenues, operating expenses, sales, marketing and support expenses, general and administrative expenses, research and development expenses, prod-
ucts and their development and distribution, product demand and pipeline, Subscription Advantage, Presentation Server, NetScaler, Access Suite and Access
Gateway, historical stock option granting practices, cash and non-cash charges, contingent liabilities under Internal Revenue Code Section 409A, product and price
competition, Citrix Online division, economic, market and competitive factors, key strategic relationships, acquisitions and related integration risks, customer diversi-
fi cation, product price and inventory, contingent consideration payments, deferred revenues, international operations and expansion, valuations of investments and
derivative instruments, technology relationships, reinvestment or repatriation of foreign earnings, gross margins, amortization expense and intangible assets, impair-
ment charges, anticipated operating and capital expenditure requirements, cash infl ows, contractual obligations, in-process research and development, advertising
campaigns, tax rates and deductions, SFAS 123R, leasing and subleasing activities, stock repurchases, investment transactions, liquidity, litigation matters, distribu-
tion channels, stock price, payment of dividends and potential debt or equity fi nancings constitute forward-looking statements and do not constitute guarantees of
future performance.
Such forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated by the
forward-looking statements, including, without limitation, variability and seasonality in the Company’s revenue and operating results, increased competition, changes
in the Company’s pricing policies or those of its competitors, the success of the Company’s product lines, the Company’s product concentration and its ability to
develop and commercialize new products and services, the continuation of key third party licenses and strategic relationships, the uncertainty in the IT spending
environment, the Company’s ability to successfully integrate the operations, technology, products and employees of acquired companies, and the possible failure
to achieve or maintain anticipated revenues and profi ts from acquisitions, charges in the event of the impairment of assets acquired through business combinations
and licenses, the size, timing and recognition of revenue from signifi cant orders, the Company’s ability to expand and diversify distribution channels, foreign opera-
tions and vertical and geographic markets, protection of the Company’s intellectual property rights, the Company’s ability to maintain and expand its core business
in large enterprise accounts, the Company’s ability to attract and retain small sized customers, the Company’s reliance on and the success of the Company’s
independent distributors and resellers for the marketing and distribution of the Company’s products and the success of the Company’s marketing and licensing
programs, the restrictions associated with the Company’s Credit Facility and Term Loan the management of anticipated future growth and the recruitment and
retention of qualifi ed employees, the management of operations and operating expenses, the security of customer data, the success of investments in the
Company’s product groups, the ability of the Company to fund price adjustments and product returns on inventories, the effect of increased government regulation,
the effect of new accounting pronouncements on revenue and expense recognition, including the effects of SFAS 123(R) on certain of the Company’s GAAP fi nan-
cial measures due to the variability of the factors used to estimate the value of stock-based compensation, the volatility of the Company’s stock price, downturns in
economic conditions generally, political and social turmoil and natural disasters, as well as other risks detailed in the Company’s fi lings with Securities and Exchange
Commission, including the Company’s Annual Report on Form 10-K for the fi scal year ended December 31, 2006.
The Company assumes no obligation to update any forward-looking information contained in this Annual Report with respect to the statements made within.
Note Regarding Forward-Looking Statements