Business Irish

Monday 18 December 2017

Job cuts likely at Irish arm of software company Citrix

Gavin McLoughlin

Gavin McLoughlin

Job losses are likely at the Irish arm of US cloud computing company Citrix Systems as the firm embarks on a global restructuring programme.

Citrix Systems Ireland confirmed to the Irish Independent that it is in discussions about potential redundancies with a "limited" number of staff at its office in East Point Business Park in Dublin.

Last month Citrix said it would cut about 700 full-time and 200 contractor jobs worldwide to improve operational efficiency.

Citrix would not specify whether job losses would come about as a result of the discussions in East Point, saying it is not in a position to disclose further details at this time.

In recent years the company has made a number of significant Irish jobs announcements.

Last October it said it was increasing its Irish headcount by adding 50 full-time employees at East Point.

In both June 2013 and August 2011 it said it was adding 50 staff here.

The company, which had 9,166 employees at the end of 2013, last month reported a sharp fall in fourth-quarter net profit and fell short of analysts' expectations in issuing a forecast for revenue and adjusted profit for the current quarter.

Citrix reported a net profit of $95.2m (€83m) for the fourth quarter ended December 31, down from $138.6m a year earlier.

However, the company beat estimates for revenue and adjusted earnings per share.

"I'm proud of our 2014 performance, but we're not satisfied," president and chief executive Mark Templeton said when the results were announced.

"We are looking ahead to 2015 with a focus on innovation that delivers a better experience, more flexibility and greater security to our customers, and a more focused organizational footprint that enables profitable growth," Mr Templeton added. (Additional reporting Reuters)

Irish Independent

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