Codestone

Category: Virtualisation

Virtual software provider Citrix has seen its shares leap, suggesting technology from the firm is becoming increasingly popular.

Its stock has climbed to its highest levels in more than a decade, the Wall Street Journal reports.

The news comes shortly after the firm announced better-than-expected revenue results for the second quarter of 2010, which saw an increase of 17 per cent on the same period last year.

And according to Steven Ashley of Robert W Baird, it is the organisation’s XenDesktop model that has helped drive such success.

The industry commentator said: "XenDesktop demand continues to accelerate and we believe the industry has now reached a critical inflection point."

He added Citrix is now the clear leader in the virtualisation market as it provides the broadest and most complete offering.

Mark Templeton, president and chief executive officer for Citrix, recently stated he was very pleased with the company’s achievements this year and predicted a solid performance for the remainder of 2010.

Posted by Lara Ward