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BARRACUDA NETWORKS INC

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2018 10-Q, filed Jan 9, 2018. Its latest SEC filing is a 15-12B from Feb 22, 2018.

The sections below describe the company as of the FY2017 annual report.

What Did They Do?

Provides cloud-enabled security and data-protection solutions to businesses, governments and educational institutions.

How Did They Make Money?

Customers pay an upfront appliance fee and purchase subscriptions for updates, support and cloud solutions; subscription fees are billed in advance.

FY2017 revenue

Who Were Their Customers?

Serves businesses, public institutions and departments within large enterprises across industries. Customers can buy through Barracuda's inside sales team or through distributors, managed service providers and resellers.

Did Revenues Turn Into Profits?

Yes. It kept 3 cents of every revenue dollar as net income in FY2017.

Operating income, FY2017
6% of revenue
▲ Now profitable vs FY2016 (−$6.9M, −2%)
Net income, FY2017
3% of revenue
▲ Now profitable vs FY2016 (−$4.4M, −1%)

How Were They Changing?

Since the FY2017 annual report
Latest quarter: Q3 FY2018, the three months to Nov 30, 2017
Revenue
▲ +7%
vs $88.8M in Q3 FY2017
Net income
▲ +334%
vs $1.8M in Q3 FY2017
  • Feb 13, 2018 Thoma Bravo completed its acquisition of Barracuda Barracuda became a wholly owned subsidiary of Newco and sought to remove its shares from the NYSE listing.
  • Nov 27, 2017 Barracuda agreed to be acquired by Thoma Bravo The proposed merger would make Barracuda a privately held company.

Grew. Revenue grew 77% in 4 years, from $198.9M in FY2013 to $352.6M in FY2017, about 15% a year.

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