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- Q4 total revenue grew 16% year-over-year to $83.7 million
CAMPBELL, Calif. – April 26, 2016 — /BackupReview.info/ — Barracuda Networks, Inc. (NYSE: CUDA), a leading provider of cloud-connected security and data protection solutions, today announced results for its fourth quarter and fiscal year 2016, which ended February 29, 2016.
“We continue to build momentum in our core focus areas and are pleased with the initial results of our efforts to capitalize on the fastest growing trends in our markets,” said BJ Jenkins, President and CEO. “We are focusing our efforts to be the leader in security and data protection for our customers. To reach that goal, we have made investments in enhancing our product portfolio, mobilizing our teams, and expanding our avenues to market to meet the growing demand for cost effective cloud-enabled solutions that can be deployed and managed in ‘pay-as-you-go’ private and public cloud environments.”
“We delivered better than expected results in the fourth quarter, achieved non-GAAP earnings per share of$0.15, and our active subscriber count grew 14% to 278,000,” said David Faugno, CFO. “Demonstrating our belief in our strategy, we repurchased approximately $11 million of our shares in the open market during the quarter, bringing our total for the fiscal year to $19 million.”
Fourth Quarter 2016 Financial Summary
Fiscal Year 2016 Financial Summary
The reconciliation between GAAP and non-GAAP information is contained in the tables below.
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Conference Call Information
Non-GAAP Financial Measures
About Barracuda Networks Inc. (NYSE: CUDA)
Barracuda Networks, Barracuda and the Barracuda Networks logo are registered trademarks or trademarks ofBarracuda Networks, Inc. in the US and other countries.
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