The Breitling seal of confidence

Breitling provides powerful confirmation of the exceptional reliability of its “Manufacture” movements by offering an exceptional five-year warranty on all models equipped with these calibers.

In 2009, Breitling took its place within the exclusive circle of watch companies with their own mechanical chronograph movement. Not only was the development of this Caliber 01 intended to ensure the brand's long-term independence, but as a specialist of chronographs and instruments for professionals, Breitling also set itself the goal of making the world's best chronograph movement. Best in terms of performance, reliability and functionality. With this in mind, the firm put in place an avant-garde industrial facility and in-house competencies enabling it to produce its movements according to its own high standards, while ensuring maximum reliability on a large scale – around 40,000 movements in 2011. Caliber 01, which is chronometer-certified like all the brand's movements, currently powers several of Breitling's star models, including the Chronomat, the Navitimer, the Montbrillant and the Transocean. The firm's engineers have also used it as the basis for creating several innovative movements featuring functions that are both useful and user-friendly, such as Caliber 04 with its highly ingenious second timezone system, and the brand-new worldtimer Caliber 05. To confirm the exceptional reliability of these in-house movements, Breitling has decided to introduce an exclusive five-year warranty on all models equipped with its Manufacture calibers – meaning around half its range of mechanical chronographs. This move represents an exceptional measure at this level of production, and a powerful seal of confidence for all users of Breitling wrist instruments.

Campus II - time to raise the toast!

Transportation of Coal to Thermal Power Plants

The movement of coal to thermal power plants including movement of imported coal is accorded preference by the Railways over similar cargo moving to other customers. The Railways have been successful in meeting the demand for movement of imported coal to thermal power plants. As per Central Electricity Authority (CEA) reports, coal imports to thermal power plants which were at a level of 3.6 million tonnes in the year 2001-02 have increased to a level 45.549 million tonnes in 2011-12, out of which approximate 14.262 million tonnes were moved to shore based power plants which did not require movement by rail. Out of the balance 31.287 million tonnes coal which was imported, the railways evacuated 30.897 million tonnes and only 0.390 million tonnes were available at the ports. 

 The capacity of the Railways is adequate to meet the demand for imported coal barring seasonal bunching of imported coal at ports. This has been made possible by a proper planning process wherein a logistics plan linking various ports to various plants has been formulated. 

 Adequate measures are being taken by Railways to ease evacuation/transportation of coal on Indian Railway Network. A total of 3077.46 kilometres of new lines, doubling and gauge conversion at cost of Rs. 17988.82 crore have been sanctioned and are in various stages of progress for primarily coal bearing routes. This excludes projects being undertaken on deposit term basis from coal companies. In addition, the Eastern and Western Dedicated Freight Corridors which are slated to come up by the terminal year of the 12th Plan will primarily cater to both domestic and imported coal movement on the Eastern sector and imported coal movement on the Western sector. In addition, the Railways are substantially increasing their fleet of rolling stock to meet coal movement. In the year 2011-12, 11683 number of coal loading wagons were inducted into Indian Railway. Moreover, the wagons being inducted are cleared for higher pay load and speed. 

 This information was given by the Minister of State for Railways, Shri Bharatsinh Solanki in a written reply in Rajya Sabha today.

Reducing Carbon Emissions from Running Trains

Indian Railways have taken up a clean diesel project, to reduce the emissions from diesel locomotives and to bring them in consonance with the international emission standards. As part of the project, an initial feasibility study has been completed. Phase-II of the project for developing a prototype system for a locomotive is under process. 

 Indian Railways consumes about 2.5 billion liters of diesel annually. A work for Rs. 4.39 crore has been sanctioned for consultancy for reduction of exhaust emissions from diesel locos of Indian Railways. 

 This information was given by the Minister of State for Railways, Shri Bharatsinh Solanki in a written reply in Rajya Sabha today.

Approval of Train Protection Warning System (TPWS) is a Major step taken Towards Train’s Safety: Chairman Railway Board 

 Two-Day International Convention on “Modern Train Control for Capacity and Safety Enhancement” Inaugurated 

Chairman, Railway Board, Shri Vinay Mittal inaugurating two-day International Convention on “Modern train control for capacity and safety enhancement” said that in a breakthrough in dissemination of train movement related information, Indian Railways has successfully launched SIMRAN (Satellite Imaging for Rail Navigation) as a pilot project for 18 pairs of important trains which provide the precise location of the trains through interactive mode on mobile phones/laptops etc., thereby eliminating the need for face to face telephonic enquiry. This is proposed to be rolled out on all trains over the next 18 months.

 Referring to Train Protection Warning System (TPWS), Shri Vinay Mittal said that with the approval of this system on a stretch of 3300 kilometres to cover the entire high density stations, a major step has been taken towards train’s safety. He further pointed out that provision of internet in running trains, extension of Optical Fiber Cable (OFC) over the entire Indian Railways route, IP based train control communication and replacement of overhead alignment with underground cables/OFCs, are the measures being taken to improve services to passengers, improve reliability of the communication system and improve safety and capability of the transport system. 

 Shri Vinay Mittal expressed his hope that the discussions during the Convention would throw up interesting technological options and the educated conglomeration of professionals would use every such opportunity to make Indian Railways more reliable, safer, grander Railways for the world to see. He also inaugurated an Exhibition on the sidelines of the convention devoted to the emerging advanced Signaling & Telecommunication technologies. A souvenir on “Safe Train Control” was released by him on the occasion. 

 Speaking on the occasion, Member Electrical, Railway Board, Shri Kul Bhushan said that to enhance safety by reducing human dependence for verification of clearance of track, track circuiting at more than 850 locations has been provided during the last year and about 1500 additional locations are targeted for completion within next two years. He said that for metropolitan cities such as Mumbai, Indian Railways are considering provisions of Communication Based Trains Control (CBTC) system for running trains at close headways of approximately two minutes to meet the increased commuter traffic requirements. He further said that this Convention will deliberate on various issues concerning Indian Railways so as to reap benefits from collective experience and practices of Railway Signal & Telecom Engineering global fraternity. He emphasized that Indian Railway is also working towards providing broadband based Internet and multimedia facilities and high quality train information displays and information boards at stations to improve the quality of passenger service. He pointed out the need to expedite that integrated IP based security system cum surveillance system covering major railway stations being implemented by S&T department. 

 In his welcome address Shri A.K.Misra Additional Member Railway Board and President IRSTE(India) said that Signaling and telecommunication Engineering in its entirety provides for a whole range of technologies to provide cost effective solutions in enhancing safety, increasing the line capacity and proving such useful information aids to passengers so as to make their journey rom start to finish a safe, comfortable and convenient one. 

 This International Convention is being jointly organised by The Institution Railway of Signal & Telecommunication Engineers (India) (IRSTE) and Institution of Railway Signal Engineers (London) (IRSE). More than 600 Delegates from India, US, Europe, Asia Pacific would be participating in the event. More than 40 Companies like Invensysy, , Thales, GE Transportation, Siemens, Ansaldo, Cisco, Hitachi, Motorola, GG Tronics, Efftronics, Sterlite amongst many from all across the world as well as from India would be exhibiting latest technologies in Railways. Experiences from World Railways like- Japanese Railways, SBB AG Swiss Railways, Banwerket Borlenge from Sweden, Canadian Railways, Australian Railways etc shall be discussed during the convention. 

 During the course of two days International Convention, deliberations are being held on various areas and topics pertaining to modern technologies available across the world, user perspective and their expectations. IRSTE(India), is a technical body set up under the auspices of Ministry of Railways for Sharing knowledge and experiences of various Railway Engineers connected with Signaling & Telecommunication. The Institution recognized by Railway Board came into existence in the year 1976. The aim of the Institution is to provide dissemination and sharing of technical knowledge relating to design, construction and maintenance of Signal & Telecommunication Engineering Systems amongst the persons associated with it. The institution promotes and encourages conferences, discussions; exhibitions for information and benefit of the members of the institution and also publish and circulates technical information to facilitate interchange and sharing of ideas. IRSTE(India), works closely with IRSE (London) which is a 100 year old international Organisation for railway Signal Engineers across the world, headquartered at London.

Bilateral Cooperation in Power Sector

During the last two years, the Union Government has signed following international MoUs for cooperation in Power Sector:

(i)            With Sri Lanka on the feasibility study for interconnection of India-Sri Lanka Electricity Grids on 09.06.2010; and

(ii)          With China on Cooperation on Green Technologies including energy conservation and energy efficiency, clean coal and modernization of the Electrical Grid on 16.12.2010.

Following three Power Projects have been completed with the help of bilateral cooperation in Power Sector during the last three years:

(i)            HVDS (High Voltage Distribution System) in Haryana (Rural Electrification Corporation Ltd./KfW).

(ii)          HVDS (High Voltage Distribution System) in Andhra Pradesh (Rural Electrification Corporation Ltd./KfW).

(iii)         Bakreshwar Thermal Power Project Units 4 & 5 – WBPDCL (West Bengal Power Development Corporation Ltd.)/Japanese International Cooperation Agency.

No Mega Power Project is pending with Ministry of Power.

This information was given by the Minister of State for Power Shri K. C. Venugopal  in a written reply to a question in Lok Sabha today.

Citrix Reports First Quarter Financial Results

Quarterly Revenue of $589 million up 20% year-over-year

GAAP Diluted Earnings Per Share of $0.36

Non-GAAP Diluted Earnings Per Share of $0.59

Deferred revenue of $983 million up 25% year-over-year

Cash flow from operations of $243 million up 53% year-over-year

India — April 27, 2012 — Citrix Systems, Inc. (NASDAQ:CTXS) today reported financial results for the first quarter of fiscal 2012 ended March 31, 2012.

FINANCIAL RESULTS

In the first quarter of fiscal 2012, Citrix achieved revenue of $589 million, compared to $491 million in the first quarter of fiscal 2011, representing 20 percent revenue growth.

GAAP Results

Net income for the first quarter of fiscal 2012 was $68 million, or $0.36 per diluted share, compared to $74 million, or $0.38 per diluted share, for the first quarter of fiscal 2011.

Non-GAAP Results

Non-GAAP net income in the first quarter of fiscal 2012 was $111 million, or $0.59 per diluted share, compared to $97 million, or $0.50 per diluted share, in the first quarter of fiscal 2011. Non-GAAP net income excludes the effects of amortization of intangible assets primarily related to business combinations, stock-based compensation expenses and the tax effects related to those items. In addition non-GAAP net income for the first quarter of fiscal 2011 excludes amounts recorded in connection with the restructuring program that the company implemented in January 2009 and the related tax effect.

“I’m pleased with our strong start to 2012,” said Mark Templeton, president and chief executive officer for Citrix. “We’ve made great strides in web collaboration, desktop virtualization and cloud networking, strengthening and solidifying our company and product leadership in these markets.

“We are expanding into fast growing, adjacent markets, all fueled by three powerful forces – the need for mobility, the enterprise cloud evolution, and the build-out of hosted cloud services.”

Q1 Financial Summary

In reviewing the first quarter results of 2012, compared to the first quarter of 2011:

• Product and licenses revenue increased 19 percent;
• Revenue from license updates and maintenance increased 19 percent;
• Software as a Service revenue increased 21 percent;
• Professional services revenue, which is comprised of consulting, product training and certification increased 33 percent;
• Revenue increased in the Pacific region by 40 percent; increased in the EMEA region by 20 percent; and increased in the America’s region by 16 percent;
• Deferred revenue totaled $983 million, compared to $789 million as of March 31, 2011;
• Cash flow from operations was $243 million, compared with $159 million in the first quarter of 2011, an increase of 53% year-over-year;

· GAAP operating margin was 14 percent for the quarter and non-GAAP operating margin was 23 percent for the quarter, excluding the effects of amortization of intangible assets primarily related to business combinations and stock-based compensation expense; and

· The company repurchased 1.6 million shares at an average price of $73.06.

Revenue and Expense Reclassifications

During the first quarter of 2012, Citrix reviewed the revenue categories presented in its consolidated statements of income and adopted a revised presentation that is more comparable to those presented by other companies in Citrix’s industry and better reflects the company’s evolving product and service offerings. As a result, technical support, hardware maintenance and software updates revenues, which were previously presented in Technical Services and License Updates are now classified together as License Updates and Maintenance. A corresponding change was made to rename Cost of Services Revenues to Cost of Services and Maintenance Revenues; however, there was no change in classification. Product training, certification and consulting services, which were previously presented in Technical Services, are now classified together as Professional Services. Product Licenses has been renamed to Product and Licenses to more appropriately describe its composition of both software and hardware; however, there was no change in the composition of total net revenue. The classification of Software as a service remains unchanged. These changes in presentation do not affect total net revenues, total cost of net revenues or gross margin.

Additionally, during the first quarter of 2012, Citrix revised its methodology for allocating certain IT support costs to more closely align those costs with the employees directly utilizing the related assets and services and to reflect how management assesses the cost of headcount. As a result, certain IT support costs were reclassified from general and administrative expenses to cost of services and maintenance revenues, research and development expenses and sales, marketing and services expenses based on the headcount in each of these functional areas.

For additional information concerning these changes in the presentation of Citrix’s consolidated statements of income, see the company’s unaudited condensed consolidated statements of income for the three months ended March 31, 2012 and 2011 accompanying this release.

Financial Outlook for Second Quarter 2012

Citrix management expects to achieve the following results during its second fiscal quarter of 2012 ending June 30, 2012:

• Net revenue is targeted to be in the range of $605 million to $615 million.
• GAAP diluted earnings per share is targeted to be in the range of $0.34 to $0.37. Non-GAAP diluted earnings per share is targeted to be in the range of $0.58 to $0.59, excluding $0.11 related to the effects of amortization of intangible assets primarily related to business combinations, $0.19 related to the effects of stock-based compensation expenses, and $(0.05) to $(0.09) for the tax effects related to these items.

The above statements are based on current targets. These statements are forward-looking, and actual results may differ materially.

Financial Outlook for Fiscal Year 2012

Citrix management expects to achieve the following results during its fiscal year 2012 ending December 31, 2012:

• Net revenue is targeted to be in the range of $2.53 billion to $2.56 billion;
• GAAP diluted earnings per share is targeted to be in the range of $1.87 to $1.92. Non-GAAP diluted earnings per share is targeted to be in the range of $2.75 to $2.79, excluding $0.48 related to the effects of amortization of intangible assets primarily related to business combinations, $0.75 related to the effects of stock-based compensation expenses, and $(0.31) to $(0.40) for the tax effects related to these items.

The above statements are based on current targets. These statements are forward-looking, and actual results may differ materially.

Company, Product and Alliance Highlights

During the first quarter of 2012, Citrix announced:

· A new release of Citrix® XenDesktop®, which fully integrates the personalization technology acquired last year via Ringcube and support for Microsoft System Center 2012, as well as Citrix AppDNA™ 6 software for application migration management, giving enterprises a seamless way to design, deploy and manage virtual desktops and applications in existing operations.

· A new “Cloud Provider Pack” with powerful automation, application aggregation and mobility technologies for hosting providers delivering Windows apps and desktops as a hosted cloud service.

· The general availability of Citrix CloudStack™ 3, which brings the power of Amazon-style clouds to enterprise customers that want to transform virtualized datacenter resources into automated, elastic, self-service clouds. Related, in early April, Citrix submitted CloudStack to the Apache Software Foundation, home of the world's most successful open source projects, commencing the process to elevate CloudStack into a full open source Apache Software Foundation project.

· A strategic partnership with Bytemobile, Inc. to deliver new solutions for the mobile data market by combining Citrix NetScaler®’s mobile computing solutions and flexible application delivery with Bytemobile’s best-in-class traffic management and data optimization solutions, as well as its global footprint of MNO deployments.

· Citrix has teamed with Dell to deliver a new VDI appliance that simplifies and accelerates desktop virtualization deployments for the mass market. The Dell DVS Simplified solution with Citrix VDI-in-a-Box™ will be sold through Dell’s global sales team and channels.

· Citrix has added HDFaces video conferencing to its GoToMeeting® app for iPad, providing a new level of rich mobile collaboration in an easy-to-use, one-tap format.

· In April 2012, Citrix announced the acquisition of Podio™, an innovative, privately held company that offers a collaborative work platform which supports people and teams getting work done the way they want in a social setting. Podio's unique apps concept adds structure and activity streams to any type of work and collaboration with teams, clients, in projects, and within functions such as sales, recruiting, marketing or any other area of business. A cloud service, Podio unifies the content, traditional business applications, and new mobile apps, as well as the real-time and asynchronous communications required to work in the post PC era. Podio will be part of the GoTo cloud services portfolio, which includes GoToMeeting.

About Citrix

Citrix Systems, Inc. (NASDAQ:CTXS) transforms how businesses, people and IT work in the cloud era. Market leading products for collaboration, virtualization, and networking allow Citrix to enable mobile workstyles and power cloud services for 100’s of millions of people every day. We service over 260,000 organizations with over 10,000 business partners in 100 countries. Annual revenue in 2011 was $2.21 billion.