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
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