Barracuda praises cloud firewall growth. But what about the other stuff in its kit bag?

Barracuda
Barracuda

Barracuda Networks wants us to know its firewall business is growing but it is more cagey about the performance of other product lines.

For its fiscal 2019 year, the backup and security vendor said it exceeded 200 net new public cloud customer deployments in each consecutive quarter.  These include deployments of Barracuda CloudGen Firewall and CloudGen WAF (Web Application Firewall).

Customer wins include Scandinavian Airlines, NTT Data Corporation, global transport company H. Essers, and Rose Metal Systems.

Barracuda says its customers consumed more than three million pay-as-you-go (PAYG) hours on Microsoft Azure and AWS combined. Which sounds great –  but we have nothing to compare this number to.

Barracuda was acquired by private equity biz Thoma Bravo about a year ago, when revenues were an annual run rate of $400m. Now the good news is that its cloud firewall product business is growing. But what about the rest of the portfolio?  Barracuda provides email security and data protection too but is silent about their performance, praising only the cloud firewall products.

BJ Jenkins, Barracuda CEO, said in a statement: “We’ve made a deep investment in public cloud security solutions that fit cloud-connected customers’ evolving needs and are optimistic about the continued growth in our network and application security business.”

Could this presage a re-shaping of the business to focus more on network security?