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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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.

TINTON FALLS, N.J. , May 2, 2023 /PRNewswire/ --               Fourth quarter and fiscal 2023 highlights include: Fourth  quarter Fiscal 2023 GAAP Results: Revenues $203.5 million $784.6 million Loss from Operations (EBIT) $(37.7) million $(15.9) million EBIT Margin (18.5) % (2.0) % Diluted Loss Per Share $(0.98) $(0.80) Non-GAAP Results: Income from Operations (EBIT) $45.4 million $159.9 million EBIT Margin 22.3 % 20.4 % Diluted Earnings Per Share $0.73 $2.56 Commvault (Nasdaq: CVLT) today announced its financial results for the fourth quarter and fiscal year ended March 31, 2023.

Commvault Announces Fiscal 2023 Fourth Quarter Financial Results

Commvault Looks To Reduce Costs As Outlook Is Flat.

Commvault Looks To Reduce Costs As Outlook Is Flat

– Collaboration Pushes Past One Exabyte of Customer Data Secured and Protected in Microsoft Azure, While Reducing Risk and Dollars Spent –

ESG REPORT: COMMVAULT COLLABORATES WITH MICROSOFT TO DRIVE HARD COST SAVINGS FOR CUSTOMERS

TINTON FALLS, N.J. , April 5, 2023 /PRNewswire/ -- Commvault (NASDAQ: CVLT) - Commvault will webcast a discussion of its fourth quarter and fiscal year 2023 earnings results on May 2, 2023 beginning at 8:30 a.m.

Commvault Announces Fourth Quarter Fiscal 2023 Earnings Release Date

– Latest accomplishment marks a decade of partner success achieved through Commvault's Partner Advantage Program – TINTON FALLS, N.J. , March 27, 2023 /PRNewswire/ -- Commvault, an enterprise data protection leader for the complex and mission critical hybrid environments of today's global businesses today announced its prestigious 5-star rating for the Commvault Partner Advantage program in the 2023 Partner Program Guide from CRN ® , a brand of The Channel Company.

Commvault Earns 5-Star Rating in 2023 CRN® Partner Program Guide

A data industry veteran, Atkinson is Commvault's first Chief Partner Officer TINTON FALLS, N.J. , Feb. 6, 2023 /PRNewswire/ -- Commvault, an enterprise data protection leader for the complex and mission critical hybrid environments of today's global businesses, today announced that CRN ® , a brand of The Channel Company, has recognized Alan Atkinson, Chief Partner Officer, on its 2023 Channel Chiefs list.

Commvault's Alan Atkinson Honored as a 2023 CRN Channel Chief

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CHESTERBROOK, Pa.--( BUSINESS WIRE )--Boomi™, the intelligent connectivity and automation leader, today announced the appointment of former Executive Vice President (EVP) and Chief Financial Officer (CFO) at Citrix Arlen Shenkman as President and CFO, and former President, Corporate Marketing at SAP Alison Biggan as Chief Marketing Officer (CMO).

Boomi Appoints Former Citrix Executive as President and CFO, and Former SAP Executive as CMO

TINTON FALLS, N.J. , Feb. 1, 2023 /PRNewswire/ -- Commvault, an enterprise data protection leader for the complex and mission critical hybrid environments of today's global businesses, is excited to announce Anna Griffin as its new Chief Marketing Officer.

Commvault Signals Change with New Chief Marketing Officer

Commvault Systems, Inc. (NASDAQ:CVLT ) Q3 2023 Earnings Conference Call January 31, 2023 8:30 AM ET Company Participants Michael Melnyk - Head, IR Sanjay Mirchandani - CEO Gary Merrill - CFO Conference Call Participants Aaron Rakers - Wells Fargo James Fish - Piper Sandler Howard Ma - Guggenheim Eric Martinuzzi - Lake Street Capital Jason Ader - William Blair Thomas Blakey - KeyBanc Operator Ladies and gentlemen, thank you for standing by, and welcome to Commvault Third Quarter Fiscal Year 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Commvault Systems, Inc. (CVLT) Q3 2023 Earnings Call Transcript

Commvault (CVLT) delivered earnings and revenue surprises of -8.82% and 2.33%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Commvault Systems (CVLT) Q3 Earnings and Revenues Lag Estimates

TINTON FALLS, N.J. , Jan. 31, 2023 /PRNewswire/ -- Third quarter highlights include: Third quarter GAAP Results: Revenues $195.1 million Income from Operations (EBIT) $5.0 million EBIT Margin 2.6 % Diluted Loss Per Share $(0.01) Non-GAAP Results: Income from Operations (EBIT) $38.5 million EBIT Margin 19.7 % Diluted Earnings Per Share $0.62 Commvault [NASDAQ: CVLT] today announced its financial results for the third quarter ended December 31, 2022.

Commvault Announces Fiscal 2023 Third Quarter Financial Results

GigaOm Names Commvault 'Leader' and 'Outperformer' in latest Kubernetes Research TINTON FALLS, N.J. , Jan. 26, 2023 /PRNewswire/ -- Commvault, a global enterprise leader in intelligent data services across on-premises, cloud, and SaaS environments, today announced that leading industry research firm GigaOm has named Commvault a "Leader" and  "Outperformer" in the new GigaOm Radar for Kubernetes Data Protection for the third year running.

Report: Commvault Leads the Industry in Kubernetes Data Protection for Third Consecutive Year

Commvault (CVLT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Commvault Systems (CVLT) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

NEW YORK--( BUSINESS WIRE )--Glancy Prongay & Murray LLP (“GPM”) announces its investigation of Commvault Systems, Inc. (NASDAQ: CVLT) concerning the Company and its directors' and officers' possible violations of state laws.

Glancy Prongay & Murray LLP Announces Investigation of Commvault Systems, Inc.

--- Will Host Third Quarter Earnings Call on January 31, 2023 TINTON FALLS, N.J. , Jan. 10, 2023 /PRNewswire/ --  PreliminaryFiscal ThirdQuarter Results(unaudited) GAAP Results: Revenues $195.1 million Income from Operations (EBIT) $5.0 million EBIT Margin 2.6 % Diluted Loss Per Share $(0.01) Non-GAAP Results: Income from Operations (EBIT) $38.5 million EBIT Margin 19.7 % Diluted Earnings Per Share $0.62 Commvault (NASDAQ: CVLT) today announced preliminary unaudited financial results for the fiscal third quarter ended December 31, 2022.

Commvault Announces Preliminary Fiscal Third Quarter Financial Results

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Computer Software industry participants like Synopsys (SNPS), Commvault Systems (CVLT) and DecisionPoint (DPSI) benefit from steady digital transformations and strong adoption of cloud computing, despite coronavirus-led disruptions.

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Commvault received highest scores in the Current Offering category and highest scores possible in Product Vision, Planned Enhancements, and Delivery Model criteria within the strategy category TINTON FALLS, N.J. , Dec. 8, 2022 /PRNewswire/ -- Commvault, a global enterprise leader in data protection across on-premises, cloud, and SaaS environments, today announced Forrester has positioned the company as a Leader in The Forrester Wave™: Data Resilience Solutions Suites, Q4 2022.

Global Research and Advisory Firm Names Commvault a Leader in Data Resilience Solutions Suites

TINTON FALLS, N.J. , Dec. 5, 2022 /PRNewswire/ -- Commvault, a global enterprise leader in data management across on-premises, cloud, and SaaS environments, today announced it has appointed Verizon veteran Shane Sanders to its Board of Directors.

Commvault Welcomes Shane Sanders to its Board of Directors

Does Commvault Systems (CVLT) have what it takes to be a top stock pick for momentum investors? Let's find out.

Are You Looking for a Top Momentum Pick? Why Commvault Systems (CVLT) is a Great Choice

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Fintel reports that Starboard Value LP has filed a 13D/A form with the SEC disclosing ownership of 2,719,857 shares of CommVault Systems, Inc.

Hedge Fund Starboard Value Cuts Stake in CommVault Systems (CVLT)

Commvault Systems (CVLT) is a Great Momentum Stock: Should You Buy?

Commvault (CVLT) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Will Commvault (CVLT) Gain on Rising Earnings Estimates?

Commvault (CVLT) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Commvault (CVLT) Upgraded to Strong Buy: Here's What You Should Know

Commvault announces winners of inaugural Customer Innovation Awards:  Penn State Health, RWTH Aachen University , Tata Consultancy Services TINTON FALLS, N.J. , Nov. 3, 2022 /PRNewswire/ -- Today, Commvault, a global enterprise leader in data management across on-premises, cloud, and SaaS environments, celebrated the winners of its inaugural Commvault Customer Innovation Awards during the company's flagship global event – Connections: 'Innovate with Confidence.

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