Barracuda Networks Inc. (NYSE: CUDA) reported its fiscal first-quarter results Thursday after the markets closed. The company posted $0.09 in earnings per share (EPS) on $77.97 million in revenue. That compared to consensus estimates from Thomson Reuters for EPS of $0.08 and $77.25 million in revenue. In the same period of the previous year, the company had $0.07 in EPS on revenue of $66.2 million.

Recently, this company was listed once again as number one for total integrated PBBA units sold in IDC’s Worldwide Quarterly PBBA Tracker calendar for the first quarter of 2015.

In this past quarter, Barracuda announced product integrations with Aerohive’s HiveOS devices, including access points, switches and routers, offering customers more granular visibility and security for wireless access, as well as enhanced Barracuda Mobile Device Manager to support both Android and iOS operating systems.

B.J. Jenkins, president and CEO of Barracuda, said:

We delivered revenue and non-GAAP EPS at the top end of our targeted range. During the quarter, we grew total active subscribers, increased gross margin and maintained a 92.5% dollar-based renewal rate, speaking to the underlying strength of our business model.

The chief financial officer, David Faugno, also commented on earnings:

Total billings grew by 12% year-over-year on a constant currency basis. In the quarter, non-GAAP operating income grew 40% year-over-year to $7.4 million, or 9.5% of total revenue.

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At the end of the quarter, Barracuda had cash, cash equivalents and marketable securities of $200.8 million, compared to in its fiscal fourth quarter, when it had $192.1 million.

Shares of Barracuda were down over 20% to $31.12 Friday morning. The stock has a consensus analyst price target of $48.08 and a 52-week trading range of $23.95 to $46.78.

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