Barracuda Networks Q2 Results Top Estimates

(RTTNews) - Barracuda Networks, Inc. (CUDA) reported net income for the second quarter of $0.7 million or $0.01 per share, compared to a net loss of $2.2 million or $0.08 per share for the year-ago quarter.

Excluding items, adjusted net income for the latest quarter was $4.6 million or $0.08 per share.

Total revenue for the second quarter rose 19% to $68.65 million from $57.79 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.04 per share on revenue of $66.76 million for the second quarter. Analysts' estimates typically exclude special items.