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IDC assigns Barracuda 40.7% Q1 share of backup appliance segment

Jul. 02, 2015 2:59 PM ETBarracuda Networks, Inc (CUDA) StockBy: Eric Jhonsa, SA News Editor
  • IDC estimates Barracuda (NYSE:CUDA -0.3%) had 40.7% of the market for integrated purpose-built storage backup appliances (PBBAs) in Q1. Barracuda notes it has led the integrated PBBA segment for 13 straight quarters, via its Barracuda Backup appliances.
  • Though better-known by some for its security appliances, storage hardware has been a strong point for Barracuda: The company mentioned on its FQ4 CC (transcript) storage billings rose over 30% Y/Y in FY15 (ended in March), surpassing total billings growth of 18%.

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