More potential than SAP, Oracle and ServiceNow-definitely not to be missed!

In the middle of Corona’s sell-off, this share climbed to a record high. In contrast, the game looks a bit old. Since its February high, Oracle’s stock price has fallen by 16%, ServiceNow’s stock price has fallen by about 25%, and SAP’s stock price has fallen by 33%. In the same period, the number of providers of home office solutions increased by 10%. Since the beginning of this year, this increase has reached a staggering 24%.

The company in question is the American software company Citrix Systems. The group was founded in 1984 by former IBM employees and has particularly benefited from the consequences of the current coronavirus crisis due to its extensive home office solutions.

For example, Citrix ADC (above) can provide application delivery and load balancing for regular web-based and cloud-native applications to achieve high platform-independent user comfort. In other words, this means that Citrix Cloud is compatible with the cloud models of other providers (such as Microsoft’s Azure or Google Cloud), ensuring smooth integration.

Great growth story

The following figure shows: In the important subscription area, Citrix Systems continues to grow at a double-digit rate. Last year, the business’s revenue increased by 43%, reaching 651 million US dollars. Due to strong growth, the downward trend in the product and licensing areas has been compensated. The total turnover can be increased to three billion US dollars.

The chart below shows the sales share of Citrix Systems’ various business units. Due to the strong growth in the subscription field, it has now surpassed the product and licensing business and is now second only to the support and service division, which continues to create the largest sales share with a 59% share.

Benefit from home office applications

Home office solutions are still the most important product of Citrix Systems. In the past fiscal year, sales in the workplace increased by 5% to $2.1 billion. Overall, the products of this division account for 71% of the group’s sales.

The workspace works as follows (see the picture below): users can edit files on their computers and then upload them to the globally available Citrix cloud. Finally, through encrypted access, company employees can access files on any device and further process them.

The share of Citrix Systems is still on the rise. Even the sale on the financial market can only put paper under pressure for a short time. The share is restored to 200 antennas almost in an exemplary manner.