from CTXS 10-K
For the year ended December 31, 2011 compared to the year ended December 31, 2010 , we delivered the following financial performance:
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Product License revenue increased 20.2% to $ 744.5 million ;
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License Updates revenue increased 8.7% to $ 741.8 million ;
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Software as a Service revenue increased 19.3% to $ 430.2 million ;
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Technical Services revenue increased 36.5% to $ 289.8 million ;
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Operating income increased 30.0% to $ 417.0 million ; and
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Diluted earnings per share increased 28.4% to $ 1.87 .
Cloud.com
In July 2011, we acquired all of the issued and outstanding securities of Cloud.com. Cloud.com became part of our Enterprise division and the acquisition further establishes us as a leader in infrastructure for the growing cloud provider market. The total consideration for this transaction was approximately $158.8 million, net of $5.6 million of cash acquired, and was paid in cash. Transaction costs associated with the acquisition were approximately $2.9 million , all of which we expensed during the year ended December 31, 2011 , and are included in general and administrative expense in our consolidated statements of income included in this Annual Report on Form 10-K for the year ended December 31, 2011. In addition, in connection with the acquisition we assumed non-vested stock units, which were converted into the right to receive up to 288,742 shares of our common stock and certain stock options which are exercisable for 183,780 shares of our common stock, for which the vesting period reset fully upon the closing of the transaction.
