Barracuda Networks Q1 Adj. Profit Tops Estimate

(RTTNews) - Barracuda Networks, Inc. (CUDA) reported a net loss for the first quarter of $3.8 million or $0.07 per share, compared to net income of $151,000 or $0.00 per share for the year-ago quarter.

Excluding items, adjusted net income for the first quarter was $5.1 million or $0.09 per share, compared to $3.6 million or $0.07 per share in the prior year quarter.

Total revenue for the first quarter rose 18% to $77.97 million from $66.21 million a year earlier.

Analysts polled by Thomson Reuters expected the company to earn $0.08 per share on revenue of $77.25 million for the first quarter. Analysts' estimates typically exclude special items.