Citrix Ranks No. 53 Among Nation's Fastest Growing Technology Companies; Company Ranks No. 6 in State of Florida

Business Wire, Nov 5, 1996

CORAL SPRINGS, Fla.--(BUSINESS WIRE)--Nov. 5, 1996--Citrix Systems, Inc. (NASDAQ:CTXS) has been named the 53rd fastest growing U.S. technology company in the National Technology Fast 500, a ranking of the nation's top 500 technology companies by Tech News, Inc., a subsidiary of The Washington Post Company. Citrix today also announced its position as the 6th fastest growing technology company in Florida, as ranked by Enterprise Florida and Deloitte & Touche LLP.

Citrix is a leader in multi-user Windows application server software that extends the reach of business-critical Windows applications to remote users over enterprise networks, corporate Intranets or the Internet.

The National Technology Fast 500 is comprised of quick-growth U.S. companies that develop and/or provide technology-based products or services. The criteria for ranking the 1996 National Technology Fast 500 is based on the percentage of corporate revenue growth over the five-year period between 1991 and 1995. Data for the Fast 500 was collected from a variety of public and private sources, including revenue reports obtained from Media General Information Service, as well as publicly available filings with the Securities and Exchange Commission.

Roger W. Roberts, president and chief executive officer of Citrix Systems, Inc., said: "Our ranking in The National Technology Fast 500 and The Florida Fast 50 reflects strong market acceptance of WinFrame, the widespread implementation of our ICA protocol as a defacto industry standard, and our growing sales and marketing presence worldwide. We believe Citrix is positioned well in its market segment."

Citrix reported record revenues for the first nine months of 1996. Net revenues for the period were $29.0 million, up 207 percent from $9.4 million for the comparable nine months of 1995. Net income for the first nine months of 1996 was $11.8 million, or 44 cents per share, compared to $466,000, or 2 cents per share for the first nine months of 1995.

Citrix Systems, Inc. develops, markets and supports multi-user application server software under license and strategic agreement with Microsoft. The company's flagship product line, WinFrame, enables the high-performance, enterprise-wide deployment of Windows applications without regard to location or type of client hardware platform. Founded in 1989, Citrix is based in Coral Springs, Fla.

Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that statements in this press release which are not strictly historical statements, including, without limitation, statements regarding management's plans and objectives for future operations, product plans and performance, management's assessment of market factors, as well as statements regarding the strategy and plans of the Company and its strategic partners, constitute forward-looking statements which involve risks and uncertainties, including, without limitation, risks associated with the Company's reliance upon its strategic relationships with Microsoft and other strategic partners, dependence upon broad-based acceptance of the Company's ICA protocol, management of growth, the possibility of undetected software errors, and dependence on proprietary technology, as well as risks of downturns in economic conditions generally, and in the software industry specifically, risks associated with competition and competitive pricing pressures, and other risks detailed in the Company's filings with the Securities and Exchange Commission. -0-

NOTE TO EDITORS: The Citrix(R) logo and ICA(R) are registered trademarks of Citrix Systems, Inc. WinFrame(TM) and MultiWin(TM) are trademarks of Citrix Systems, Inc. for which there are pending applications for registration in the U.S. Patent and Trademark Office. All other trademarks and registered trademarks are property of their respective owners.

In the Internet/email address noted in this news release, there is an "at" symbol between vickyh and citrix.com, and between storpy and webergroup.com. This symbol may not appear properly in some systems.

CONTACT: Citrix Systems Inc.

Vicky Harris, 954/340-2246; fax: 954/341-6880

vickyh@citrix.com

or

The Weber Group Inc.

Stephanie Torpy, 617/520-7055; fax: 617/661-0024

storpy@webergroup.com