CommVault Systems

Commvault Systems, Inc. engages in the provision of data protection and information management software applications and related services. Its products include Data Protection and insights, Storage, and Metallic BaaS. The firm also offers professional, managed, support, and training services. The company was founded in 1996 and is headquartered in Tinton Falls, NJ.

Earnings data Q4 2021

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Earnings data Q4 2022

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Commvault reports strong Q4 results, Metallic drives rapid growth

Commvault's Q4 2023 earnings call showcased strong financial performance, strategic evolution, and a focus on responsible growth. The company's SaaS offering, Metallic, has been a key driver of growth, with plans for further expansion and margin improvement. While facing challenges in certain revenue streams, Commvault is well-positioned to capitalize on opportunities and maintain its financial strength.

Commvault reports strong Q1 results and confident in achieving guidance

Commvault's Q1 fiscal results were driven by strong growth in subscription business and SaaS ARR. The company is confident in achieving its full-year fiscal '24 guidance and is making strategic investments in sales and marketing. Metallic's strong customer acquisition and retention indicate a positive outlook for the company's future performance.

CommVault Systems (CVLT) reports strong Q3 performance and strategic wins

CommVault Systems demonstrated resilience and growth in Q3 2023, driven by strong performance in subscription and SaaS ARR. Despite challenges in customer spending and deal complexity, the company remains focused on responsible growth and delivering shareholder value. With a solid financial position, strategic wins, and a focus on margin improvement, CommVault is poised for continued success.

CommVault Systems excels in Q4, eyes growth in data protection

CommVault Systems delivered strong Q4 results, focusing on cloud-first data protection and achieving significant growth in ARR and subscription revenue.
The company's emphasis on responsible growth, security, and customer expansion positions it well for future success.
Challenges include managing declining perpetual license revenue and stabilizing customer support as more clients shift to subscription models.
Opportunities lie in upselling to existing Metallic customers, improving gross margins, and enhancing sales efficiency through hiring and service offerings.

CommVault Systems reports strong Q1 performance and growth outlook

CommVault Systems showcased robust financials, technological prowess, and strategic customer acquisition in Q1, positioning itself for continued growth.
While challenges in customer transitions and market dynamics persist, the company's focus on innovation and market trends bodes well for future success.
With a strong performance in Q1 and promising outlook for Q2, Commvault is poised to capitalize on market opportunities and drive sustained growth.

CommVault Systems (CVLT) surpasses Q2 expectations, eyes growth opportunities

CommVault Systems (CVLT) delivered strong Q2 results exceeding expectations, with notable growth in ARR, revenue, and operational metrics, showcasing financial stability and market adaptability.
The company's focus on cyber resilience, recurring revenue streams, and customer engagement positions them well for future growth despite challenges in revenue mix and customer support.
Opportunities in driving subscription and SaaS business, expanding market reach, and addressing pent-up demand present avenues for sustained growth and market leadership.
Analyst inquiries and strategic adaptations underscore the company's commitment to addressing challenges, enhancing performance, and seizing opportunities for future success.

CommVault Systems (CVLT) exceeds Q3 expectations, eyes growth in cyber resilience

CommVault Systems delivered impressive Q3 results, showcasing strong revenue growth and margin expansion. The company is strategically positioned to capitalize on the growing demand for cyber resilience solutions and anticipates continued revenue growth in FY '25.

CommVault Systems reports stellar Q4 performance and cyber resilience focus

CommVault Systems excelled in Q4 2024, showcasing robust revenue growth and a strategic focus on cyber resilience and subscription services.
The company's integration with security providers and engagement with CSOs position it well for future success in the cybersecurity market.
While facing challenges in adoption and integration, CommVault's unique offerings and customer-centric approach present opportunities for sustained growth and market leadership.

CommVault Systems (CVLT) posts stellar Q1 results, eyes growth

CommVault Systems (CVLT) reported robust Q1 performance, marked by revenue growth, profitability, and strong financial metrics, underlining its market resilience and competitive strength.
The company's strategic focus on cyber resilience, recent acquisitions, and customer success stories position it well for future growth and market leadership.
While facing challenges in managing expenses and meeting ambitious growth targets, Commvault's solid financial position and executive team enhancements offer opportunities for sustained success and innovation.

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Commvault Systems, Inc. engages in the provision of data protection, information management software applications, and related services. The firm offers platform, solution packages, use cases, and workloads. It operates through the United States and Other geographical segments. The company was founded in 1996 and is headquartered in Tinton Falls, NJ.

--- Software and products revenue up 10% year over year; 16% constant currency --- --- Total revenue up 6% year over year; 12% constant currency --- --- Annualized recurring revenue (ARR) up 11% year over year; 18% constant currency  --- TINTON FALLS, N.J. , Nov. 1, 2022 /PRNewswire/ -- Second quarter highlights include: Second quarter GAAP Results: Revenues $188.1 million Income from Operations (EBIT) $9.3 million EBIT Margin 5.0 % Diluted Earnings Per Share $0.10 Non-GAAP Results: Income from Operations (EBIT) $35.4 million EBIT Margin 18.8 % Diluted Earnings Per Share $0.57 Commvault (NASDAQ: CVLT) today announced its financial results for the second quarter ended September 30, 2022.

Commvault Announces Fiscal 2023 Second Quarter Financial Results

TINTON FALLS, N.J. , Oct. 25, 2022 /PRNewswire/ -- Commvault, a global enterprise leader in data management across on-premises, cloud, and SaaS environments, today announced expanded protection for Kubernetes workloads, including fully automated management, replication, migration, and security enhancements, across its entire portfolio.

Commvault Simplifies and Automates Cloud Protection for Enterprise Kubernetes Workloads

TINTON FALLS, N.J. , Oct. 13, 2022 /PRNewswire/ -- Commvault, a global enterprise leader in data management across on-premises, cloud, and SaaS environments, today announced the dates for Commvault Connections 2022 , a best-in-class cloud data management experience that will provide customers and partners with insights and best practices they need to Innovate with Confidence.

Commvault to Host Connections 2022, an Industry Experience for Data-minded CIOs, IT, and Security Pros

TINTON FALLS, N.J. , Oct. 6, 2022 /PRNewswire/ -- Commvault (NASDAQ: CVLT) - Commvault will webcast a discussion of its second quarter fiscal 2023 earnings results on November 1, 2022 beginning at 8:30 a.m.

Commvault Announces Second Quarter Fiscal 2023 Earnings Release Date

A first  among data protection vendors, the new cyber deception service detects and contains ransomware threats TINTON FALLS, N.J. , Sept. 21, 2022 /PRNewswire/ -- Commvault, a global enterprise leader in data management across on-premises, cloud, and SaaS environments, today announced the general availability of Metallic® ThreatWise™ an early warning system that proactively surfaces unknown and zero-day threats to minimize compromised data and business impact.

Commvault Enables Early Threat Detection and Zero Loss Strategy with Metallic® ThreatWise™

TINTON FALLS, N.J. , Sept. 14, 2022 /PRNewswire/ -- Commvault, a global enterprise leader in data management across on-premises, cloud, and SaaS environments, today announced that data protection industry veteran Alan Atkinson has joined the company as Chief Partner Officer.

Commvault Appoints Data Protection Industry Veteran Alan Atkinson as Chief Partner Officer

Commvault Systems reported its FQ1 2023 financial results in late July. The firm provides a range of on-premises and SaaS/subscription data backup, recovery, security and related software to organizations worldwide.

Commvault Systems Continues SaaS Transition Amid Slowing Macro Environment

Company Recognized Among 14 Peer Vendors in the 2022 Report TINTON FALLS, N.J. , Aug. 23, 2022 /PRNewswire/ -- Commvault, a global enterprise leader in cloud data management, today announced that Gartner, a company that delivers actionable, objective insight to executives and their teams, has given it the highest Product Score across all three use cases in the 2022 Critical Capabilities report: Data Center Environments (4.23/5), cloud environments (4.18/5), and edge environments (4.22/5).1  Commvault Complete Backup & Recovery scored highest  in all three use cases evaluated in this research.

Commvault Receives Highest Product Scores for Three Out of Three Use Cases in the 2022 Gartner® Critical Capabilities for Enterprise Backup and Recovery Software Solutions

TINTON FALLS, N.J. , Aug. 3, 2022 /PRNewswire/ -- Commvault, a global enterprise leader in cloud data management, today announced that it has been positioned by Gartner as a "Leader" in its most recent report: "2022 Gartner Magic Quadrant for Enterprise Backup and Recovery Software Solutions.

Commvault Named a Leader for 11th Consecutive Year in Gartner® Magic Quadrant™ for Enterprise Backup and Recovery Software Solutions

Commvault Systems, Inc. (NASDAQ:CVLT ) Q1 2023 Earnings Conference Call July 26, 2022 8:30 AM ET Company Participants Michael Melnyk - Director, Investor Relations Sanjay Mirchandani - President, Chief Executive Officer and Director Gary Merrill - Chief Financial Officer Conference Call Participants Aaron Rakers - Wells Fargo Eric Martinuzzi - Lake Street Capital Jason Ader - William Blair Operator Goo day. And thank you for standing by.

Commvault Systems, Inc. (CVLT) CEO Sanjay Mirchandani on Q1 2023 Results - Earnings Call Transcript

Commvault (CVLT) delivered earnings and revenue surprises of 1.59% and 1.43%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Commvault Systems (CVLT) Q1 Earnings and Revenues Top Estimates

--- First quarter software and product revenue up 13% year over year; 17% constant currency --- --- Total recurring revenue up 20% year over year; 25% constant currency --- --- Annualized recurring revenue (ARR) up 12% year over year; 16% constant currency  --- TINTON FALLS, N.J. , July 26, 2022 /PRNewswire/ -- First quarter highlights include:   First quarter GAAP Results: Revenues $198.0 million Income from Operations (EBIT) $7.4 million EBIT Margin 3.8 % Diluted Earnings Per Share $0.08 Non-GAAP Results: Income from Operations (EBIT) $40.6 million EBIT Margin 20.5 % Diluted Earnings Per Share $0.64   Commvault (NASDAQ: CVLT) today announced its financial results for the first quarter ended June 30, 2022.

Commvault Announces Fiscal 2023 First Quarter Financial Results

Leading Research Firm Names Metallic best-in-class BaaS  Commvault's Entire Portfolio Shines Across All Ratings for Enterprise and SMB TINTON FALLS, N.J. , July 11, 2022 /PRNewswire/ -- Commvault, a global enterprise leader in intelligent data services across on-premises, cloud, and SaaS environments, today announced that GigaOm has named the company a "Frontrunner" and an "Outperformer" in its most recent reports: GigaOm Radar for Hybrid Cloud Data Protection: Large Enterprises and GigaOm Radar for Hybrid Cloud Data Protection: Small and Medium-Sized Businesses.

GigaOm Names Commvault 'Frontrunner' and 'Outperformer' in Hybrid Cloud Data Protection

TINTON FALLS, N.J. , July 6, 2022 /PRNewswire/ -- Commvault (NASDAQ: CVLT) - Commvault will webcast a discussion of its first quarter fiscal 2023 earnings results on July 26, 2022 beginning at 8:30 a.m.

Commvault Announces First Quarter Fiscal 2023 Earnings Release Date

Oracle

OCI coupled with Metallic data management as a service (DMaaS) enables enterprise customers to protect and secure their data against threats, adhere to local data residency laws, and ease data management and recovery AUSTIN, Texas and TINTON FALLS, N.J. , June 29, 2022 /PRNewswire/ -- Commvault, a global enterprise leader in intelligent data services across on-premises, cloud, and SaaS environments, has expanded its strategic partnership with Oracle to include Metallic DMaaS on Oracle Cloud.

Commvault and Oracle Partner to Deliver Metallic® Data Management as a Service on Oracle Cloud Infrastructure to Accelerate Enterprise Hybrid Cloud Adoption

Commvault (CVLT) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Commvault (CVLT) Soars 6.1%: Is Further Upside Left in the Stock?

15 Commvault executives honored for their contributions to the company's channel business TINTON FALLS, N.J., May 12, 2022 /PRNewswire/ -- Commvault (NASDAQ: CVLT), a recognized global enterprise leader in intelligent data services across on-premises, cloud, and software as a service (SaaS) environments, today announced that CRN ® , a brand of The Channel Company, has named 15 of its leaders to the Women of the Channel list for 2022.

Commvault Celebrates CRN's 2022 Women of the Channel Honorees

Commvault Systems, Inc. (NASDAQ:CVLT ) Q4 2022 Earnings Conference Call May 3, 2022 8:30 AM ET Company Participants Michael Melnyk - Head of Investor Relations Sanjay Mirchandani - Chief Executive Officer Brian Carolan - Chief Financial Officer Conference Call Participants James Fish - Piper Sandler Jason Ader - William Blair Eric Martinuzzi - Lake Street Operator Ladies and gentlemen, thank you for standing by, and welcome to the Commvault Fourth Quarter Fiscal Year 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Commvault Systems, Inc. (CVLT) CEO Sanjay Mirchandani on Q4 2022 Results - Earnings Call Transcript

Commvault (CVLT) delivered earnings and revenue surprises of 17.19% and 1.97%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Commvault Systems (CVLT) Tops Q4 Earnings and Revenue Estimates

TINTON FALLS, N.J. , May 3, 2022 /PRNewswire/ -- Commvault (NASDAQ: CVLT), a leader in enterprise data management, today announced that Brian Carolan has decided to resign from his position as Chief Financial Officer, effective July 1, 2022.

Commvault Announces CFO Transition

---Record quarterly and annual revenue --- --- Fourth quarter software and products revenue up 12% year over year --- --- Fourth quarter recurring revenue up 19% year over year --- ---Annualized recurring revenue (ARR) up 13% year over year --- TINTON FALLS, N.J. , May 3, 2022 /PRNewswire/ --  Fourth quarter and Fiscal 2022 highlights include: Fourth quarter Fiscal 2022 GAAP Results:      Revenues $205.9 million $769.6 million      Income from Operations (EBIT) $11.4 million $41.6 million      EBIT Margin 5.6% 5.4%      Diluted Earnings Per Share $0.17 $0.71 Non-GAAP Results:      Income from Operations (EBIT) $46.6 million $161.7 million      EBIT Margin 22.6% 21.0%      Diluted Earnings Per Share $0.75 $2.51 Commvault (NASDAQ: CVLT) today announced its financial results for the fourth quarter and fiscal year ended March 31, 2022.

Commvault Announces Fiscal 2022 Fourth Quarter Financial Results

TINTON FALLS, N.J. , April 6, 2022 /PRNewswire/ -- Commvault (NASDAQ: CVLT) - Commvault will webcast a discussion of its fourth quarter and fiscal year 2022 earnings results on May 3, 2022 beginning at 8:30 a.m.

Commvault Announces Fourth Quarter Fiscal 2022 Earnings Release Date

TINTON FALLS, N.J. , Feb. 16, 2022 /PRNewswire/ -- Commvault (NASDAQ: CVLT), a recognized global enterprise software leader in the management of data across cloud and on-premises environments, is rolling out its Metallic® Data Management as a Service (DMaaS) solutions in Qatar.

Commvault Introduces Metallic Data Management as a Service (DMaaS) Solutions in Qatar

TINTON FALLS, N.J., Feb. 15, 2022 /PRNewswire/ -- Commvault (NASDAQ: CVLT), a recognized global enterprise leader in intelligent data services across on-premises, cloud, and software as a service (SaaS) environments, today announced General Availability for Feature Release 11.26.

Commvault Adds Intelligent Data Services Features to Fortify Ransomware Security

TINTON FALLS, N.J. , Feb. 8, 2022 /PRNewswire/ -- Commvault (NASDAQ: CVLT), a recognized global enterprise leader in intelligent data services across on-premises, cloud, and Software as a service (SaaS) environments, today announced its award-winning Metallic® portfolio of Data Management as a Service (DMaaS) solutions is now available in Japan.

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