Citrix profits increased by 47% in the fourth quarter of 2009, driving profits for the year up 7% compared to 2008.
Citrix attributed its record profits to an increased interest in desktop virtualization and the launch of XenDesktop 4. But its quarterly revenue grew by only 8% compared to Q4 in 2008, and revenue from product licenses and license renewals grew 4% and 6%, respectively.
The really big growth came from technical services and online services, which saw revenues increase by 18% and 20%, respectively.
Citrix’s results come just days after VMware reported that its fourth-quarter profits fell by 49% — although VMware earnings for the quarter did beat Wall Street expectations by more than $50 million.