Shares of Citrix Systems Inc. rallied late Wednesday after the business software maker reported a 19 percent rise in quarterly revenue on higher product and license revenue.

Citrix's net income rose to $114 million, or 60 cents per share in the quarter ended Dec. 31, from $109 million, or 58 cents per share, a year earlier.

Revenue rose to $740 million.

Shares were up 10.6 percent at $74.10 in extended trading, after closing at $66.98 on Nasdaq.