Barracuda Networks (CUDA) Tops Q4 EPS by 4c

Barracuda Networks (NYSE: CUDA) reported Q4 EPS of $0.19, $0.04 better than the analyst estimate of $0.15. Revenue for the quarter came in at $89.3 million versus the consensus estimate of $88.41 million.

Gross billings were $103.2 million, compared with $95.8 million in the fourth quarter of fiscal 2016.

The number of active subscribers grew approximately 15% year-over-year to reach 321,000 as of February 28, 2017.

"Barracuda delivered a solid fourth quarter and finished the year strong with total gross billings surpassing $400 million, driven by continued momentum in our core focus areas. Our performance led to record earnings and the highest free cash flow in our company\'s history at $58.9 million," said BJ Jenkins, president and CEO. "We are proud of our team\'s execution as we aligned our investments, product portfolio, and routes to market to strengthen Barracuda's position as a leading comprehensive security platform for the midmarket. We believe our results demonstrate our momentum and foundation for growth as customers move their applications and data to the cloud

For earnings history and earnings-related data on Barracuda Networks (CUDA) click here.

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