Citrix System Inc. (CTXS) declared better-than-expected third quarter results yesterday. GAAP net income in the reported quarter was $53.4 million or 29 cents per share, compared to a net income of $49.2 million or 26 cents per share in the prior-year quarter. However, adjusted (excluding intangible asset amortization and restructuring charges) EPS was 34 cents, well above the Zacks Consensus Estimate of 29 cents.   Net revenues came in a little over $401 million, up 0.5% year over year. Segment wise, License updates revenues were $151 million, up 7% year over year. Product Licenses revenues were $129.1 million, declining18% year-over-year. Online Services revenues were $78.9 million, increased 21% over prior-year quarter, and Technical Services revenues were $42.1 million, up 20% year over year.   However, major concern for the company is the continuation of weak demand for its historically biggest revenue-earning products, the Application Virtualization business. In the ...