** charts before earnings **
** charts after earnings **
- 2nd day after earnings:
Barracuda Networks beats by $0.09, beats on revs; CFO steps down :
- Reports Q1 (May) earnings of $0.20 per share, $0.09 better than the Capital IQ Consensus of $0.11; revenues rose 11.2% year/year to $86.7 mln vs the $83.92 mln Capital IQ Consensus.
- Recurring subscription revenue grew to $65.3 million, up 20% from $54.3 million in the first quarter of fiscal 2016, representing 75% of total revenue, and
- Appliance revenue was $21.3 million, compared with $23.7 million in the first quarter of fiscal 2016.
- Gross billings were $98.2 million, compared with $94.3 million in the first quarter of fiscal 2016.
- The number of active subscribers grew approximately 14% to over 286,000 and the dollar-based renewal rate was 93% for the quarter.
- Management Changes
- As previously announced, Hatem Naguib and Ezra Hookano have joined Barracuda as vice presidents.
- David Faugno will be stepping down as CFO on August 1, and Dustin Driggs, Barracuda's chief accounting officer and worldwide controller since 2012, will replace Faugno as Barracuda's CFO.
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