Pacific Crest Sees Opportunity in Barracuda Networks (CUDA) Following Q1 Billings 'Miss'

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Barracuda Reports First Quarter Fiscal 2016 Results

July 9, 2015 4:10 PM EDT

CAMPBELL, Calif., July 9, 2015 /PRNewswire/ -- Barracuda Networks, Inc. (NYSE: CUDA), a leading provider of cloud-connected security and storage solutions, today announced results for its first quarter of fiscal 2016, which ended May 31, 2015.

Billings & Revenue: For the first quarter of fiscal 2016, gross billings grew to $94.3 million, up from $87.6 million in the first quarter of fiscal 2015. Total revenue increased 18% to $78.0 million, up from $66.2 million in the first quarter of fiscal... More