Join Commvault for an immersive CrowdStrike-enabled 'Recovery Range' experience, deep-dive sessions, and live demos of its CrowdStrike integrationsTINTON FALLS, N.J., Sept. 4, 2025 /PRNewswire/ -- Commvault, a leading provider of cyber resilience and data protection solutions for the hybrid cloud, is geared up to help customers detect threats, respond quickly, and seamlessly recover data at CrowdStrike's Fal.Con 2025, running from September 15-18 in Las Vegas.On display at Commvault's booth (#1504) will be ...

Core Viewpoint - Commvault Systems, Inc. has announced a private offering of $785 million in 0% Convertible Senior Notes due 2030 to enhance strategic flexibility and fund various corporate activities [2][5]. Group 1: Transaction Details - The offering size was increased from the initially announced $750 million [2]. - The Notes will mature on September 15, 2030, and will not bear regular interest [7]. - An option for initial purchasers to buy an additional $115 million in Notes is available [4]. Group 2: Use of Proceeds - Approximately $86.9 million of the net proceeds will fund capped call transactions [6]. - About $117.7 million will be used to repurchase approximately 0.66 million shares of common stock at a price of $178.78 per share [6]. - Remaining proceeds will be allocated for general corporate purposes, including potential acquisitions or strategic investments [6]. Group 3: Notes Characteristics - The initial conversion rate is set at 4.2215 shares of common stock per $1,000 principal amount, equating to a conversion price of approximately $236.88 per share, representing a 32.5% premium over the last reported sale price [8][9]. - The capped call transactions are designed to offset potential dilution from the conversion of the Notes, with an initial cap price of $357.56 per share [9][13]. - The Notes will not be redeemable before September 22, 2028, and can be redeemed under specific conditions [11]. Group 4: Market Impact - The concurrent share repurchases may have influenced the trading price of Commvault's common stock, potentially leading to a higher initial conversion price for the Notes [17]. - The establishment of hedges related to the capped call transactions may affect the market price of Commvault's common stock and the Notes [14].

Launches HyperScale Edge and Flex with Broad Partner Ecosystem including Dell, HPE, Lenovo, Pure Storage, and VAST Data TINTON FALLS, N.J., Aug. 27, 2025 /PRNewswire/ -- Commvault, a leading provider of cyber resilience and data protection solutions for the hybrid cloud, today announced two powerful additions to its HyperScale portfolio: HyperScale Edge and HyperScale Flex. As modern enterprises generate more data from remote offices and edge locations, these environments have become lucrative and vulnerabl ...

Core Insights - 93% of UK businesses have experienced a business-critical cyber incident, significantly higher than the global average of 86% [2][3] - UK organizations are 21% less likely to have a dedicated recovery environment and 11% less likely to have tested their recovery plans recently compared to other countries [3][6] - The concept of Minimum Viability Company (MVC) is highlighted as essential for quick business resumption post-cyberattack, yet many UK businesses face challenges in achieving this [4][5] Cyber Incident Statistics - Only 7% of UK businesses report never having experienced a business-critical incident, while 57% of incidents occurred in the last 18 months [2] - Nearly two-thirds of UK businesses have taken foundational steps towards resilience, with 65% maintaining an inventory of critical systems and 61% creating defined incident response processes [6] Barriers to Recovery - The complexity of existing systems and applications is cited as the biggest challenge for 52% of UK businesses in achieving MVC [5] - 47% of respondents struggle to align recovery plans with changing business needs, and 30% find it difficult to separate core systems from broader operations [5] Organizational Readiness - Only 36% of UK organizations strongly believe in prioritizing the MVC approach, indicating a gap in commitment to recovery strategies [7] - The evolving threat landscape has made business recovery a key concern at the board level, highlighting the need for executive leadership to prioritize recovery efforts [8]

Financial Data and Key Metrics Changes - The meeting confirmed that over 94% of stockholders voted, indicating strong shareholder engagement and approval of company proposals [3][6] - All proposals presented at the meeting were approved, reflecting confidence in the company's governance and strategic direction [6] Business Line Data and Key Metrics Changes - No specific financial data or business line performance metrics were discussed during the meeting [6] Market Data and Key Metrics Changes - No specific market data or performance metrics were provided during the meeting [6] Company Strategy and Development Direction and Industry Competition - The company is focused on governance matters, including the election of directors and executive compensation, which suggests a commitment to strong leadership and accountability [4][5] - The approval of shares for issuance under the Omnibus Incentive Plan indicates a strategy to incentivize and retain key talent [4] Management Comments on Operating Environment and Future Outlook - Management did not provide specific comments on the operating environment or future outlook during the meeting [6] Other Important Information - The meeting included the appointment of Ernst and Young LLP as the independent auditors for the fiscal year ending March 31, 2026, which is a standard practice for maintaining financial integrity [4] Q&A Session All Questions and Answers - There were no questions posed during the meeting, indicating either a lack of concerns from shareholders or a preference for the proposals presented [5][6]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended: June 30, 2025 ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 1-33026 Commvault Systems, Inc. (Exact name of registrant as specified in its charter) Delaware 22-3447504 (State or other jurisdiction of incorporation or organization) (I.R.S. E ...

Core Viewpoint - There is a significant gap between the support for a ban on ransomware payments and the willingness to comply with such a ban in practice, particularly in the private sector [1][3]. Group 1: Survey Findings - 96% of UK business leaders from companies with revenues over £100 million believe that ransom payments should be banned in both public and private sectors [1][3]. - 99% of respondents support a ban on ransom payments in the private sector, while 94% support a ban in the public sector [1][3]. - Despite the strong support for a ban, only 10% of private sector respondents indicated they would comply with a ban if attacked, while 15% were neutral on compliance [3]. Group 2: Government and Cybersecurity Implications - The proposed ban would legally prohibit ransom payments by public sector organizations and critical national infrastructure operators, requiring other businesses to notify the government of any intent to pay a ransom [2]. - Over a third (34%) of those supporting the ban believe it would lead to increased government support for cyber resilience, while another third (33%) think it would reduce the frequency of attacks by removing incentives for attackers [4]. Group 3: Cybersecurity Landscape - The latest Cyber Security Breaches Survey 2025 reported that approximately 43% of UK businesses (around 612,000) experienced a cyber security breach or attack in the past year [5]. - Almost all respondents (98%) indicated that cyber readiness and recovery would be a top spending priority, emphasizing the need for resilience over reactive payments [6]. - Recovery from a cyberattack takes an average of 24 days, which can lead to significant financial losses for large organizations and potential bankruptcy for smaller ones [7]. Group 4: Expert Opinions - Experts suggest that paying a ransom rarely guarantees recovery and may increase the likelihood of future attacks, advocating for a well-enforced ban alongside greater investment in prevention and recovery [8]. - The ongoing threat of ransomware and cyberattacks necessitates that companies enhance their emergency preparedness and cyber resilience to maintain operations during incidents [8]. Group 5: Research Methodology - The survey was conducted by Censuswide, involving 1,000 UK business leaders from companies with revenues exceeding £100 million, including various executive roles [9][10]. Group 6: Company Overview - Commvault is recognized as a leading provider of cyber resilience and data protection solutions, serving over 100,000 organizations globally [11].

Core Insights - Commvault Systems reported a revenue of $281.98 million for the quarter ended June 2025, reflecting a year-over-year increase of 25.5% and surpassing the Zacks Consensus Estimate by 4.96% [1] - The company's EPS for the quarter was $1.01, up from $0.85 in the same quarter last year, resulting in an EPS surprise of 4.12% over the consensus estimate of $0.97 [1] Financial Performance Metrics - Annualized Recurring Revenue (ARR) reached $996.20 million, exceeding the average estimate of $965.47 million from three analysts [4] - Revenue from perpetual licenses was reported at $7.34 million, significantly below the average estimate of $13.06 million, marking a year-over-year decline of 46.6% [4] - Revenue from other services was $13.9 million, surpassing the average estimate of $10.32 million, with a year-over-year increase of 31.5% [4] - Customer support revenue was $79.02 million, slightly above the average estimate of $76.52 million, reflecting a year-over-year growth of 3.6% [4] - Subscription revenue amounted to $181.73 million, exceeding the average estimate of $168.78 million, with a substantial year-over-year increase of 46.5% [4] Stock Performance - Commvault's shares have returned -6.3% over the past month, contrasting with the Zacks S&P 500 composite's increase of 3.6% [3] - The stock currently holds a Zacks Rank 1 (Strong Buy), indicating potential for outperformance in the near term [3]

Core Insights - Commvault Systems (CVLT) reported quarterly earnings of $1.01 per share, exceeding the Zacks Consensus Estimate of $0.97 per share, and up from $0.85 per share a year ago, representing an earnings surprise of +4.12% [1] - The company achieved revenues of $281.98 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 4.96%, compared to $224.67 million in the same quarter last year [2] - Commvault has consistently surpassed consensus EPS estimates over the last four quarters, indicating strong performance [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.96 on revenues of $272.17 million, while for the current fiscal year, the estimate is $4.14 on revenues of $1.14 billion [7] - The favorable trend in estimate revisions prior to the earnings release has resulted in a Zacks Rank 1 (Strong Buy) for Commvault, suggesting expected outperformance in the near future [6] Industry Context - The Computer - Software industry, to which Commvault belongs, is currently ranked in the top 19% of over 250 Zacks industries, indicating a positive outlook for stocks within this sector [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Financial Data and Key Metrics Changes - Total Annual Recurring Revenue (ARR) grew 24% to $996 million, with Subscription ARR increasing 33% to $844 million [4][19] - Total revenue increased 26% to $282 million, driven by a 46% rise in subscription revenue [4][20] - Non-GAAP EBIT grew 21% to $58 million, with a non-GAAP EBIT margin of 20.7% [24][25] - Gross margins for fiscal Q1 were 82.4%, consistent with expectations [24] Business Line Data and Key Metrics Changes - Subscription revenue increased 46% to $182 million, with SaaS ARR soaring 63% to $307 million [5][19] - The number of subscription customers approached 13,000, with approximately 700 net new subscription customers added [20] - SaaS net dollar retention was 125%, indicating strong customer expansion [20] Market Data and Key Metrics Changes - The company achieved triple-digit growth in marketplace transactions, with multiple six-figure and seven-figure deals [6] - Significant growth was observed across geographies, industries, and customer segments, from enterprise to SMB [7] Company Strategy and Development Direction - The company is focused on the booming cyber resilience market, enhancing offerings to meet the needs of CIOs and CISOs [8][12] - Strategic partnerships were formed with Deloitte, CrowdStrike, and HPE to enhance cyber resilience and data protection capabilities [11][12] - The company plans to acquire Satori Cyber to strengthen data security offerings and support responsible AI usage [14][26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong demand for the cyber resilience platform and the ability to capture market share [31] - The company raised its fiscal year 2026 guidance, expecting total ARR growth of 18% year-over-year [29][30] - Management noted that the overall market strength is driving performance, with no signs of budget pull-forward from customers [82] Other Important Information - The company ended Q1 with no debt and a cash position of $363 million, with free cash flow of $30 million [26] - The company repurchased $15 million of stock during the quarter [26] Q&A Session Summary Question: Revenue contributions from the Satori acquisition - Management indicated that the Satori acquisition will not materially impact revenue guidance [34] Question: Cross-sell and upsell opportunities - Management reported a 45% increase in customers using two or more products, with strong traction in cross-sell initiatives [35] Question: Bundling strategy - The company offers logical bundles that enhance customer experience, with plans for more integrated offerings in the future [39] Question: Future growth through M&A - Management highlighted past acquisitions that enhanced core capabilities and indicated a focus on integrating new technologies into the platform [46] Question: Net new ARR dynamics - Management noted that the SaaS business performed as expected, with strong performance in software contributing to net new ARR [52] Question: Federal business performance - The federal business performed in line with expectations, benefiting from FedRAMP High certification [58] Question: Operating margins and performance - Management explained that operating expenses included planned headcount growth and higher commissions, balancing growth and profitability [60] Question: Contribution of newer solutions - Older products like M365 and AirGap Protect continue to dominate ARR, but newer security offerings are also growing significantly [67] Question: Customer budget pull-forward - Management confirmed no evidence of budget pull-forward, attributing strong performance to overall market strength [82]