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. 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.

Commvault Appoints Former DOD CNO Analyst and Master Operator Alex Janas as Field Chief Technology Officer, Security

While boardroom alarms ring louder, the C-Suite's involvement in cyber preparedness is often still notably absent TINTON FALLS, N.J. , Oct. 16, 2023 /PRNewswire/ -- Commvault, a leading provider of data protection and cyber resilience solutions for hybrid cloud organizations, today released a new IDC report commissioned by Commvault entitled, "The Cyber-Resilient Organization: Maximum Preparedness with Bullet-Proof Recovery Survey.

Cyber Insecurity: Report Finds Majority of Enterprises Expect an Imminent Cyber Attack

-- Joint solution delivers a powerful combination of robust data protection, scalability, and operational efficiency to global customers -- TINTON FALLS, N.J. , Oct. 11, 2023 /PRNewswire/ -- Commvault®, an enterprise data protection leader for today's global businesses, announced new highly reliable backup and recovery solutions for enterprise organizations, powered by Lenovo technology.

In an Era of Escalating Cyber Threats, Commvault and Lenovo Simplify Enterprise Data Protection and Speed Recovery in the Hybrid Cloud

Company Recognized for Cyber Resilience Capabilities by Prestigious International Awards Program TINTON FALLS, N.J. , Oct. 5, 2023 /PRNewswire/ -- Commvault®, an enterprise data protection leader for today's global businesses, announced that it has been named "Threat Detection Solution Provider of the Year" in the 7th Annual CyberSecurity Breakthrough Awards from CyberSecurity Breakthrough , a leading independent market intelligence organization that recognizes the top companies, technologies, and products in the global information security market today.

Commvault Named "Threat Detection Solution Provider of the Year" in 7th Annual CyberSecurity Breakthrough Awards

Gadd will focus on driving growth in the region; Brings 25 years of industry experience including a strong track record of success at Cohesity and Hitachi Vantara   READING, England , Oct. 4, 2023 /PRNewswire/ -- Commvault (NASDAQ: CVLT), an enterprise data protection leader for today's global businesses, has today announced the appointment of Richard Gadd as Senior Vice President of Commvault's EMEA and India (EMEAI) region. Gadd will lead the region in empowering global organisations with industry-leading cyber resilience offerings that protect and recover data from today's biggest cyber threats.

Commvault Appoints Industry Veteran Richard Gadd as Senior Vice President of EMEA and India

TINTON FALLS, N.J. , Oct. 3, 2023 /PRNewswire/ -- Commvault (NASDAQ: CVLT) - Commvault will webcast a discussion of its second quarter fiscal year 2024 earnings results on Tuesday, October 31, 2023 beginning at 8:30 a.m.

Commvault Announces Second Quarter Fiscal 2024 Earnings Release Date

MARLBOROUGH, Mass.--(BUSINESS WIRE)--ExaGrid®, the industry's only Tiered Backup Storage solution, today announced an update to its integration with Commvault, an industry-leading backup application and a global leader in data protection. ExaGrid has been supporting Commvault for over 14 years and continues to advance its Tiered Backup Storage to bring value to Commvault users, who can use ExaGrid as a storage target behind Commvault. ExaGrid Tiered Backup Storage had already been able to take.

ExaGrid Expands Its Deduplication Behind Commvault

The company was recognized among 14 vendors in the 2023 report TINTON FALLS, N.J. , Sept. 21, 2023 /PRNewswire/ -- Commvault®, an enterprise data protection leader for today's global businesses, announced that Gartner, a company that delivers actionable, objective insight to its executives and their teams, has ranked the company highest in six of the seven Use Cases in the 2023 Gartner® Critical Capabilities for Enterprise Backup and Recovery Software Solutions Report.

Recognized Again, Commvault Ranked Highest in Six out of Seven Use Cases in the 2023 Gartner® Critical Capabilities for Enterprise Backup and Recovery Software Solutions

Award celebrates Commvault's delivery of modern cloud-native data protection for the hybrid cloud world TINTON FALLS, N.J. , Sept. 21, 2023 /PRNewswire/ -- Commvault®, an enterprise data protection leader for today's global businesses, announced that it has been awarded a 2023 Stratus Award for Cloud Computing and named a winner in the "Top Organizations" category for its Cloud Security Service offering.

Commvault Named a Global Cloud Security Leader in 2023 Stratus Awards for Cloud Computing

Advancing the innovative leadership and value that thousands of Commvault customers and partners trust and rely on TINTON FALLS, N.J. , Sept. 19, 2023 /PRNewswire/ -- Commvault®, an enterprise data protection leader for today's global businesses, today welcomed industry veteran Sarv Saravanan as its first Chief Customer Officer.

Commvault Welcomes Industry Veteran Sarv Saravanan as Chief Customer Officer

Once again named a 'Leader' and 'Outperformer' for best-in-class BaaS experience, strong integrations, and crucial cyber resiliency features TINTON FALLS, N.J. , Sept. 13, 2023 /PRNewswire/ -- Commvault®, an enterprise data protection leader for today's global businesses, today announced that GigaOm has named the company a "Leader" and an "Outperformer" in its most recent report, the GigaOm Radar for Hybrid Cloud Data Protection for Large Enterprises.

Commvault Continues to Lead in GigaOm Radar Report: Hybrid Cloud Data Protection for Large Enterprises

TINTON FALLS, N.J. , Aug. 22, 2023 /PRNewswire/ -- Commvault®, an enterprise data protection leader for today's global businesses, today announced the general availability of Commvault Platform Release 2023E which bolsters secure data protection across hybrid multi-cloud environments.

Commvault's Groundbreaking Data Protection and Security Capabilities Now Available

Positioned by Gartner as a Leader in its Most Recent Report and Recognized for Completeness of Vision and Ability to Execute TINTON FALLS, N.J. , Aug. 9, 2023 /PRNewswire/ -- Commvault®, an enterprise data protection leader for today's global businesses, today announced that the company has been positioned by Gartner as a Leader in the 2023 Magic Quadrant for Enterprise Backup and Recovery Software Solutions1 with its portfolio of offerings being evaluated, including Commvault Backup & Recovery, Commvault Disaster Recovery, Commvault HyperScale X, the Metallic SaaS portfolio, and Metallic ThreatWise.

Commvault Named a Leader for 12th Consecutive Time in the 2023 Gartner® Magic Quadrant™ for Enterprise Backup and Recovery Software Solutions

Mirchandani is Redefining Modern Data Protection with a Complete Platform that Helps Customers Secure, Defend, and Recover Data TINTON FALLS, N.J. , Aug. 1, 2023 /PRNewswire/ -- Commvault®, an enterprise data protection leader for today's global businesses, announced that CRN ® , a brand of The Channel Company, has named Sanjay Mirchandani, President and CEO, to its exclusive 2023 Top 25 Disruptors list.

Commvault CEO Sanjay Mirchandani a Top Disruptor and Executive on CRN's 2023 Top Executive List

Commvault Systems, Inc. (NASDAQ:CVLT ) Q1 2024 Results Conference Call August 1, 2023 8:30 AM ET Company Participants Mike Melnyk - Head, IR Sanjay Mirchandani - CEO Gary Merrill - CFO Conference Call Participants Aaron Rakers - Wells Fargo Eric Martinuzzi - Lake Street Capital Markets Howard Ma - Guggenheim Partners Jim Fish - Piper Sandler Jason Ader - WB Operator Good day, and thank you for standing by. Welcome to the Commvault Fiscal 2024 Earnings Conference Call.

Commvault Systems, Inc. (CVLT) Q1 2024 Earnings Call Transcript

While the top- and bottom-line numbers for Commvault (CVLT) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Commvault (CVLT) Reports Q1 Earnings: What Key Metrics Have to Say

Commvault Systems (CVLT) came out with quarterly earnings of $0.72 per share, beating the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $0.64 per share a year ago.

Commvault Systems (CVLT) Surpasses Q1 Earnings and Revenue Estimates

TINTON FALLS, N.J. , Aug. 1, 2023 /PRNewswire/ -- Commvault [Nasdaq: CVLT] today announced its financial results for the fiscal first quarter ended June 30, 2023.

Commvault Announces Fiscal 2024 First Quarter Financial Results

Commvault's customers can now benefit from the simplicity, security, and scalability of Commvault's enterprise-grade Metallic Data Protection as a Service (DPaaS) for Salesforce production and sandbox environments TINTON FALLS, N.J. , July 13, 2023 /PRNewswire/ -- Commvault (NASDAQ: CVLT) today announced it has launched Metallic: Salesforce Backup, Recovery & Sandbox Seeding - Unlimited Storage on Salesforce AppExchange, providing customers with dedicated protection for their Salesforce cloud data, expanding upon native capabilities to offer extended retention, data isolation, sandbox masking and seeding, rapid recovery tools, and more.

Commvault Announces Metallic: Salesforce Backup, Recovery & Sandbox Seeding - Unlimited Storage on Salesforce AppExchange, the World's Leading Enterprise Cloud Marketplace

TINTON FALLS, N.J. , July 10, 2023 /PRNewswire/ -- Commvault (NASDAQ: CVLT) - Commvault will webcast a discussion of its first quarter fiscal year 2024 earnings results on August 1, 2023 beginning at 8:30 a.m.

Commvault Announces First Quarter Fiscal 2024 Earnings Release Date

Commvault provides cloud and on-premises data protection software and related services. The firm has produced low total revenue growth, but improving operating income and strong free cash flow as it transitions to a cloud-first approach. CVLT is generating ARR growth for its Metallic system and appears resilient to macro slowdown fears due to the mission-critical nature of its products.

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