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.

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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.

The headline numbers for Commvault (CVLT) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Commvault (CVLT) Reports Q3 Earnings: What Key Metrics Have to Say

Commvault Systems (CVLT) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $0.62 per share a year ago.

Commvault Systems (CVLT) Tops Q3 Earnings and Revenue Estimates

TINTON FALLS, N.J. , Jan. 30, 2024 /PRNewswire/ -- Commvault [Nasdaq: CVLT] today announced its financial results for the fiscal third quarter ended December 31, 2023.

Commvault Announces Fiscal 2024 Third Quarter Financial Results

New Commvault Cyber Resilience Council members to advise and accelerate development of advanced cyber resilience solutions TINTON FALLS, N.J. , Jan. 29, 2024 /PRNewswire/ -- Commvault, a leading provider of cyber resilience and data protection solutions for hybrid cloud organizations, today announced that cybersecurity experts across a host of industries -- from security to public sector to technology -- have joined the Commvault Cyber Resilience Council.

Top Cybersecurity Luminaries Join Forces with Commvault to Shape the Next Era in Cyber Resilience

CommVault's (CVLT) Q3 fiscal 2024 results are expected to benefit from steady demand for its cyber resilience and data protection solutions, as well as growth in subscription revenues.

CommVault (CVLT) to Report Q3 Earnings: What's in Store?

New report from Commvault and Futurum shows organizations rallying around AI to counter AI-driven threats in 2024 TINTON FALLS, N.J. , Jan. 25, 2024 /PRNewswire/ -- Commvault, a leading provider of cyber resilience and data protection solutions for hybrid cloud organizations, today released a new report that found the traditional silos between ITOps and security teams are beginning to break down, as organizations realize the importance of increased collaboration to combat the onslaught of more sophisticated cyber attacks.

IT and Security Teams Increasingly United in Battle Against Sophisticated Cyberthreats, Research Finds

TINTON FALLS, N.J. , Jan. 4, 2024 /PRNewswire/ -- Commvault (NASDAQ: CVLT) - Commvault will webcast a discussion of its third quarter fiscal year 2024 earnings results on Tuesday, January 30, 2024 beginning at 8:30 a.m.

Commvault Announces Third Quarter Fiscal 2024 Earnings Release Date

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NACD Directorship 100 Recognizes the Most Influential Corporate Directors and Governance Experts TINTON FALLS, N.J. , Dec. 14, 2023 /PRNewswire/ -- Commvault, a leading provider of data protection and cyber resilience solutions for hybrid cloud organizations, today announced that Nicholas Adamo, Chairman of Commvault's Board of Directors, has been named one of the most influential leaders by the National Association of Corporate Directors (NACD).

NACD Names Commvault's Nicholas Adamo a Top Corporate Director

SINGAPORE and SYDNEY , Dec. 11, 2023 /PRNewswire/ -- Commvault, a leading provider of cyber resilience and data protection solutions for hybrid organizations, today expanded its Asia Pacific (APAC) leadership team with two key senior appointments. In both cases, these leaders bring strong technology expertise to the table, a passion for helping customers achieve business outcomes, and a keen understanding of the role Commvault Cloud plays in driving cyber resilience.

Commvault Extends APAC Leadership with Two New Senior Appointments - Michel Borst, AVP, Asia and Joanne Dean, AVP Channel & Alliances, APAC

Anzevino to accelerate adoption of Commvault's new cyber resilience platform that helps customers predict threats faster and make clean recoveries at the lowest TCO TINTON FALLS, N.J. , Dec. 7, 2023 /PRNewswire/ -- Commvault, a leading provider of data protection and cyber resilience solutions for hybrid cloud organizations, today announced Anthony Anzevino as the new Senior Vice President for its Americas Field Organization.

Commvault Taps Industry Veteran Anthony Anzevino to Lead Its Americas Sales Organization

Investors love to see a growing topline and improving margins because they know that leads to higher earnings.

Bull Of The Day: CommVault Systems (CVLT)

TINTON FALLS, N.J. , Nov. 15, 2023 /PRNewswire/ -- Commvault, a leading provider of cyber resilience and data protection solutions for hybrid cloud organizations, today announced its participation in the Microsoft Security Copilot Partner Private Preview.

Commvault is a Proud Participant in the Microsoft Security Copilot Partner Private Preview

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Brings together data protection, security, intelligence, and recovery on one platform Offers AI capabilities to defeat cyber threats; includes integration with Microsoft Azure OpenAI Service Advances reliable recovery with industry's first cleanroom recovery service Introduces four packaged bundles, including Platinum Resilience: a new standard in cyber resilience hosted in the cloud NEW YORK , Nov. 8, 2023 /PRNewswire/ -- COMMVAULT SHIFT -- Commvault, a leading provider of cyber resilience and data protection solutions for hybrid cloud organizations, today announced Commvault Cloud, powered by Metallic AI – a new, unique platform that is changing the game in how IT and security teams can radically improve cyber resilience in an era of non-stop ransomware and malicious cyberattacks. Commvault Cloud unifies all of the company's SaaS and software offerings on one platform, where visibility and control can be managed holistically via a single pane of glass.

Introducing the First True Cloud Platform for Cyber Resilience in the Hybrid Enterprise: The Commvault Cloud, Powered by Metallic AI

Key integrations between Commvault Cloud and security and AI partners can help customers advance data insights as well as threat detection, protection, mitigation, and recovery NEW YORK , Nov. 8, 2023 /PRNewswire/ -- COMMVAULT SHIFT -- Commvault, a leading provider of data protection and cyber resilience solutions for hybrid cloud organizations, today announced that it's marrying modern cyber resilience technologies from Commvault with advanced security and data intelligence from pioneers in cybersecurity, artificial intelligence, and cloud. Industry leaders in these areas are integrating with the newly announced Commvault Cloud platform to provide joint customers with more ways to rapidly detect, protect, and respond to potential threats and attacks while also improving data visibility and governance.

Commvault Joins Forces with Leading Security, AI Companies to Help Customers Stay Ahead of Bad Actors and Escalating Cyber Threats

Commvault Systems, Inc. provides a range of data backup and recovery software and services. The company is transitioning to a subscription-centric focus and has strong free cash flow and growing operating income. The global market for cloud storage services is expected to reach $333.8 billion by 2030, providing growth opportunities for Commvault.

Commvault Produces Operating Growth As Transition Gains Speed

Commvault Systems, Inc. (NASDAQ:CVLT ) Q2 2024 Earnings Conference Call October 31, 2023 8:30 AM ET Company Participants Michael Melnyk - Head, Investor Relations Sanjay Mirchandani - Chief Executive Officer Gary Merrill - Chief Financial Officer Conference Call Participants Aaron Rakers - Wells Fargo Howard Ma - Guggenheim Securities James Fish - Piper Sandler Rudy Kessinger - D.A. Davidson Eric Martinuzzi - Lake Street Capital Markets Jason Ader - William Blair Tom Blakeley - KeyBanc Capital Markets Operator Good morning.

Commvault Systems, Inc. (CVLT) Q2 2024 Earnings Call Transcript

Commvault Systems (CVLT) came out with quarterly earnings of $0.70 per share, beating the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $0.57 per share a year ago.

Commvault Systems (CVLT) Tops Q2 Earnings and Revenue Estimates

The headline numbers for Commvault (CVLT) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, Commvault (CVLT) Q2 Earnings: A Look at Key Metrics

TINTON FALLS, N.J. , Oct. 31, 2023 /PRNewswire/ -- Commvault [Nasdaq: CVLT] today announced its financial results for the fiscal second quarter ended September 30, 2023.

Commvault Announces Fiscal 2024 Second Quarter Financial Results

Hathaway brings over three decades of cybersecurity and digital risk management strategy for governments, global organizations, and Fortune 500 companies TINTON FALLS, N.J. , Oct. 30, 2023 /PRNewswire/ -- Commvault, a leading provider of data protection and cyber resilience solutions for hybrid cloud organizations, today announced that Melissa Hathaway will join Commvault as a strategic advisor and serve as the chairperson for Commvault's newly formed Cyber Resilience Council.

Commvault Appoints Global Cybersecurity Expert Melissa Hathaway to Chair the Commvault Cyber Resilience Council

Helping ensure exceptional data security and rapid recoverability for Australian government agencies and IT partners TINTON FALLS, N.J. , Oct. 26, 2023 /PRNewswire/ -- Commvault, a leading provider of data protection and cyber resilience solutions for hybrid cloud organizations, today announced that its portfolio of SaaS-delivered data protection solutions has achieved Australia's Infosec Registered Assessor Program (IRAP) certification at PROTECTED level.

Commvault Earns IRAP Certification, Meeting the Highest Security and Integrity Protocols Set by the Australian Government Required

SHIFT attendees to hear the latest on AI-driven innovations, critical security advancements, and comprehensive partnerships that shape the future of cyber resilience TINTON FALLS, N.J. , Oct. 18, 2023 /PRNewswire/ -- Commvault, a leading provider of data protection and cyber resilience solutions for hybrid cloud organizations, today announced the kickoff of SHIFT, a highly anticipated, worldwide set of events focused on one of the most pressing issues in the enterprise today: cyber resilience.

Commvault Charts the Future of Cyber Resilience at SHIFT 2023

New hire signals Commvault's continued commitment to redefining cyber resilience and securing modern hybrid enterprises TINTON FALLS, N.J. , Oct. 16, 2023 /PRNewswire/ -- Commvault®, an enterprise data protection leader for today's global businesses, announced that veteran security leader Alex Janas has joined the company as its new Field Chief Technology Officer overseeing security.

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