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., Oct. 5, 2021 /PRNewswire/ -- On the heels of its most recent expansion into the Czech Republic and Slovakia, Commvault (NASDAQ: CVLT), a recognized global enterprise leader in Intelligent Data Services across on-premises, cloud, and SaaS environments, today announced that its award-winning Metallic™ Backup-as-a-Service (BaaS) solutions are now globally available across 30 countries, including in Asia, with portfolio availability in Hong Kong, India, Malaysia, and Singapore.

Metallic Shines with Next Major Global Expansion of Award-Winning BaaS Solutions in Asia Pacific

TINTON FALLS, N.J., Sept. 27, 2021 /PRNewswire/ -- Commvault (NASDAQ: CVLT), a recognized global enterprise leader in Intelligent Data Services across on-premises, cloud, and SaaS environments, will host Commvault Connections21, a hybrid industry-leading data services event, for customers, partners, and industry experts across the globe on October 28, 2021.

Media Alert: Commvault to Host Connections21, a Best-in-Class Data Services Event

TINTON FALLS, N.J., Sept. 8, 2021 /PRNewswire/ -- Commvault (NASDAQ: CVLT), a recognized global enterprise leader in Intelligent Data Services across on-premises, cloud and SaaS environments, today announced new ransomware services designed to help businesses prepare for, protect against, and respond to today's growing cyber threats.

Commvault Adds New Ransomware Protection And Response Services To Its Data Security Solutions

RESTON, Va., Aug. 10, 2021 /PRNewswire/ -- ORock ® Technologies, Inc., a high-performance hybrid cloud service provider built on OpenStack and certified by FedRAMP and the Department of Defense, today announced it has entered into a partnership with Commvault (NASDAQ: CVLT), a recognized global leader in the management of data across cloud and on-premises environments, to expand data protection and offer a seamless migration to the cloud for mission-critical workloads.

ORock Technologies Partners with Commvault to Set New Standards for Comprehensive Backup and Recovery in the Cloud

TINTON FALLS, N.J., Aug. 4, 2021 /PRNewswire/ -- Today Commvault (NASDAQ: CVLT), a recognized global enterprise leader in Intelligent Data Services across on-premises, cloud and SaaS environments, announced that Gartner, Inc., which delivers actionable, objective insight to executives and their teams, has given it the highest Product Scores across all three use cases in the 2021 Critical Capabilities report: datacenter environments (4.13/5), cloud environments (4.02/5), and edge environments (4.01/5).1  This is the second year in a row that Commvault has achieved the highest scores in all three Critical Capabilities use cases as identified by the Gartner report.

Commvault Receives Highest Product Scores for Three Out of Three Use Cases in the 2021 Gartner® Critical Capabilities for Enterprise Backup and Recovery Software Solutions

Commvault reported another good quarter and provided guidance that met consensus estimates. Management continues to be optimistic about its position in the industry and growth prospects.

Commvault: Not Flashy But Makes You Money Slow And Steadily

Commvault Systems, Inc. (CVLT) CEO Sanjay Mirchandani on Q1 2022 Results - Earnings Call Transcript

CommVault Systems Inc (NASDAQ: CVLT) reported first-quarter FY22 revenue growth of 6% year-on-year to $183.4 million, beating the analyst consensus of $181.5 million. Annualized recurring revenue (ARR) rose 13% Y/Y to $532.8 million as of June 30, 2021.

CommVault Systems Beats On Q1 Earnings

Shares of CommVault Systems (NASDAQ:CVLT) remained unaffected after the company reported Q1 results. Quarterly Results Earnings per share were up 21.57% over the past year to $0.62, which beat the estimate of $0.52.

CommVault Systems: Q1 Earnings Insights

TINTON FALLS, N.J., July 27, 2021 /PRNewswire/ --  First quarter highlights include: First quarter GAAP Results: Revenues $183.4 million Income from Operations (EBIT) $15.5 million EBIT Margin 8.4% Diluted Earnings Per Share $0.29 Non-GAAP Results: Income from Operations (EBIT) $41.0 million EBIT Margin 22.4% Diluted Earnings Per Share $0.62 Commvault [NASDAQ: CVLT] today announced its financial results for the first quarter ended June 30, 2021.

Commvault Announces Fiscal 2022 First Quarter Financial Results

TINTON FALLS, N.J., July 21, 2021 /PRNewswire/ -- Today Commvault (NASDAQ: CVLT), a recognized global enterprise leader in Intelligent Data Services across on-premises, cloud, and SaaS environments, announced that Gartner has named the company as a "Leader" in its most recent report: "2021 Gartner Magic Quadrant for Enterprise Backup and Recovery Software Solutions.

Commvault Named a Leader in 2021 Gartner Magic Quadrant for Enterprise Backup and Recovery Software Solutions for 10th Consecutive Time

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) Reports Next Week: What to Expect

TINTON FALLS, N.J., July 20, 2021 /PRNewswire/ -- Commvault (NASDAQ: CVLT), a recognized global enterprise leader in Intelligent Data Services across on-premises, cloud and SaaS environments, today announced support for the AWS for Health initiative from Amazon Web Services (AWS) as a vehicle for delivering secure, scalable, and compliant data management and protection solutions for organizations in the healthcare space.

Commvault Announces Support for AWS for Health Initiative

DEERFIELD, Ill., July 15, 2021 /PRNewswire/ -- Meridian Group International (MGI), a leading global information technology and managed services provider, announces the launch of mProtect Flex™, powered by Commvault, to help customers protect their data and lower their technology costs via a flexible, consumption-based, data protection model.

Meridian Group International announces the release of mProtect Flex™ as part of a Global Alliance with Commvault.

TINTON FALLS, N.J., July 13, 2021 /PRNewswire/ -- Commvault (NASDAQ: CVLT), a recognized global enterprise leader in Intelligent Data Services across on-premises, cloud and SaaS environments, today announced the launch of a new partnership with SoftwareONE, a leading provider of end-to-end software and cloud technology solutions.

Commvault Partners with SoftwareONE as First Global Design Partner for Metallic MSP Offerings

TINTON FALLS, N.J., July 7, 2021 /PRNewswire/ -- Commvault (NASDAQ: CVLT) - Commvault will release the Company's financial results for its fiscal first quarter ended June 30, 2021, on Tuesday, July 27, 2021, followed by a webcast and conference call at 8:30 a.m.

Commvault Announces Earnings Release Date

TINTON FALLS, N.J., June 22, 2021 /PRNewswire/ -- Commvault (NASDAQ: CVLT), a recognized global enterprise leader in Intelligent Data Services across on-premises, cloud and SaaS environments, today announced it has won the 2021 Hewlett Packard Enterprise (HPE) GreenLake Momentum Partner of the Year Award at HPE Discover 2021.

Commvault Named 2021 HPE GreenLake Momentum Partner of the Year

TINTON FALLS, N.J., June 21, 2021 /PRNewswire/ -- Today Commvault (NASDAQ: CVLT), a recognized global enterprise leader in Intelligent Data Services across on-premises, cloud and SaaS environments, announced that GigaOm has named the company as a "leader" and an "outperformer" in its most recent reports: "GigaOm Radar for Hybrid Cloud Data Protection (Enterprise)" and "GigaOm Radar for Hybrid Cloud Data Protection (SMB).

GigaOm Radar Reports Name Commvault a "Leader" and "Outperformer" for Hybrid Cloud Data Protection in Enterprise and SMB Categories; Commvault Rated Top Performer Across All Categories in Both Reports

TINTON FALLS, N.J., June 16, 2021 /PRNewswire/ -- Commvault (NASDAQ: CVLT), a recognized global enterprise leader in Intelligent Data Services across on-premises, cloud and SaaS environments, today announced its new Metallic Government Cloud offerings along with achievement of "High Ready" status for its Metallic Backup-as-a-Service (BaaS) portfolio and Metallic Cloud Storage Service (MCSS) from the Federal Risk and Authorization Management Program (FedRAMP) – making Metallic the only comprehensive SaaS data protection solution to currently meet the highest confidentiality, integrity, and availability standards recognized by the U.S. government.

Metallic Receives FedRAMP High Ready Status for BaaS Portfolio

TINTON FALLS, N.J., June 9, 2021 /PRNewswire/ -- Commvault (NASDAQ: CVLT), a recognized global enterprise software leader in the management of data across cloud and on-premises environments, today announced enhanced Managed Service Provider (MSP) and Aggregator Partner Advantage Programs, tailored and refined to support the way Commvault's MSP and Aggregator partners operate while fulfilling their unique needs for delivering "Commvault Powered" Intelligent Data Services to customers of all sizes around the world.

Commvault Announces Managed Service Provider and Aggregator Partner Programs

Bear Of The Day: CommVault Systems (CVLT)

TINTON FALLS, N.J., May 25, 2021 /PRNewswire/ -- Commvault (NASDAQ: CVLT) today announced the expansion of its Metallic software as a service (SaaS) portfolio and a new unified Intelligent Data Services Platform designed to meet organizations' growing demand to intelligently manage their most critical asset—their data.

Commvault Radically Expands SaaS Portfolio to Meet Growing Demand and Introduces Intelligent Data Services Platform

TINTON FALLS, N.J., May 14, 2021 /PRNewswire/ -- Commvault (NASDAQ: CVLT) – Commvault will participate in the upcoming Needham Virtual Technology & Media Conference on Wednesday, May 19.

Commvault to Present at the Needham Virtual Technology & Media Conference

TINTON FALLS, N.J., May 10, 2021 /PRNewswire/ -- Commvault (NASDAQ: CVLT), a recognized global enterprise software leader in the management of data across cloud and on-premises environments, today announced CRN ® , a brand of The Channel Company, has named 15 Commvault executives to the highly respected Women of the Channel list for 2021 and selected Lamia Megdiche, Vice President, Partner Strategy and Programs to the 2021 Power 100 list.

Commvault Celebrates Inclusion of 16 Global Executives to CRN's 2021 Women of the Channel List

Commvault reported another stellar quarter and guided up. Management is optimistic about share gains and growth prospects. The company's modern platform - consisting of Hyperscale X (Hedvig), Metallic SaaS, and its core data protection - is eliciting strong interest from customers looking to move to the cloud.

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