Commvault Posts ‘Best Quarter Ever.' Demand Is Growing for Data Backup. [MarketWatch]
Commvault Systems, Inc. (CVLT)
Last commvault systems, inc. earnings: 1/29 07:40 am
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ir.commvault.com
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Source: MarketWatch
Want to see it on more articles? Give your feedback below or email product@barrons.com thumb-stroke-medium thumb-stroke-medium Commvault bought back $51.3 million of stock in the December quarter. Dreamstime Commvault posted better-than-expected results for the December quarter, fueled by growing demand for data backup and recovery services. For the fiscal third quarter, Commvault posted revenue of $216.8 billion, up 11% from a year ago, and ahead of the company's guidance range of $206 million to $210 million. Subscription revenue was $114.2 million, likewise above the company's forecast of $106 million to $110 million. ARR—annual recurring revenue—was $752 million, up 17%, while subscription ARR was $571 million, up 29%. Advertisement On an adjusted basis, Commvault earned 78 cents a share, a nickel better than the Street consensus of 73 cents. Under generally accepted accounting principles, the company earned 38 cents a share. Commvault CEO Sanjay Mirchandani
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News
- Data Storage Stocks Q4 Results: Benchmarking Snowflake (NYSE:SNOW) [Yahoo! Finance]Yahoo! Finance
- Commvault Announces Acquisition of Appranix, Accelerating and Advancing Cyber Resilience for Enterprises Globally [Yahoo! Finance]Yahoo! Finance
- Commvault Announces Acquisition of Appranix, Accelerating and Advancing Cyber Resilience for Enterprises GloballyPR Newswire
- Commvault Welcomes Industry Veteran Ashley Baird to Lead the Company's Rapidly Expanding Hyperscaler Business [Yahoo! Finance]Yahoo! Finance
- Commvault Welcomes Industry Veteran Ashley Baird to Lead the Company's Rapidly Expanding Hyperscaler BusinessPR Newswire
CVLT
Earnings
- 1/30/24 - Beat
CVLT
Sec Filings
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- 3/6/24 - Form 4
- CVLT's page on the SEC website