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Citrix Systems reports 25 percent jump in ShareFile sales

ShareFile, the software product that originated in Raleigh, continues to be a top performer for Citrix Systems.

In reporting its third-quarter results after the markets closed Wednesday, Citrix CEO Kirill Tatarinov noted that ShareFile revenue rose 25 percent over a year ago as the product “continued to prove itself as a growing force” within its market. ShareFile enables businesses to shares large files securely over the internet.

Overall, California-based Citrix posted better-than-expected results, including a 3 percent growth in revenue to $841 million. Adjusted net income was $208 million, or $1.32 per share, up from $168 million a year ago.

Citrix shares closed Thursday at $86.34, up 4 cents.

Citrix established a presence in the Triangle in 2011 when it acquired ShareFile, a Raleigh startup. Today it has about 800 employees in downtown Raleigh’s Warehouse District, most of whom are connected to the ShareFile business.

“We continue to drive rapid product innovation and expand ShareFile functionality in target industries,” Tatarinov told analysts during a conference call. He added that ShareFile is “starting to see increased traction” outside the United States and with giant corporations.

Among those corporations that have become ShareFile customers, he said, was German automaker Daimler AG, whose brands include Mercedes-Benz and Freightliner trucks.

Citrix agreed in July to merge its GoTo business, a suite of products that include the online meeting software GoToMeeting, with a competitor: LogMeIn. Citrix shareholders will receive LogMeIn shares valued at $1.8 billion at the time of the announcement and will own 50.1 percent of the combined company.

The planned merger with LogMeIn came after the company came under pressure from activist investor Elliott Managment to sell the GoTo business and become more cost-efficient. Citrix also instituted two major rounds of layoffs last year, but those job cuts largely bypassed the company’s Raleigh operation.

David Ranii: 919-829-4877, @dranii

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