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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.85%. A quarter ago, it was expected that this data-management software company would post earnings of $0.65 per share when it actually produced earnings of $0.70, delivering a surprise of 7.69%.Over the last fo ...

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. Melissa Hathaway Council members will advise Comm ...

CommVault Systems (CVLT) is set to report third-quarter fiscal 2024 results on Jan 30.For third-quarter fiscal 2024, CVLT expects total revenues between $206 million and $210 million, indicating year-over-year growth of 7% at the midpoint. The Zacks Consensus Estimate for revenues is pegged at $208.3 million, suggesting a 6.78% increase from the year-ago quarter’s reported figure.For the quarter, the consensus mark for earnings has remained steady at 73 cents per share in the past 30 days. The figure indica ...

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 ...

Michael Melnyk - Head, Investor Relations Howard Ma - Guggenheim Securities Tom Blakeley - KeyBanc Capital Markets Good morning, and welcome to our earnings conference call. I'm Michael Melnyk, Head of Investor Relations, and I'm joined by Sanjay Mirchandani, Commvault's CEO; and Gary Merrill, Commvault's CFO. An earnings presentation with key financial and operating metrics is posted on the Investor Relations website for your reference. Sanjay Mirchandani And we're just getting started. Next week, at our C ...

Evaluation of Disclosure Controls and Procedures Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Inherent Limitations on Internal Controls UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 ☒ Quarterly Report pursuant to Section 13 or 15(d) of the Secu ...

$101 $113 $131 Q4'23 Q1'24 Q2'24 +77% YoY Healthy Subscription Customer Growth Subscription Revenue (unaudited, $ in M's) Includes software portion of term-based licenses and SaaS revenue . ~30% Customers use multiple SaaS offerings Customer data specific to fiscal Q2 FY'24. Metallic customer count includes end-users transacted by a Managed Service Provider (MSP). *Enterprise is defined as organizations with 1,000+ employees. Expense discipline to drive >20% Non-GAAP EBIT margin over time as Metallic scales ...

Company Participants Sanjay Mirchandani - CEO Conference Call Participants Eric Martinuzzi - Lake Street Capital Markets Jim Fish - Piper Sandler Operator I would now like to hand the conference over to your speaker today, Mike Melnyk, Head of Investor Relations. Please go ahead. Morning, and welcome to our earnings conference call. I'm Mike Melnyk, Head of Investor Relations, and I'm joined by Sanjay Mirchandani, Commvault's CEO; and Gary Merrill, Commvault's CFO. An earnings presentation with key financia ...

In the three months ended June 30, 2023, we granted 120 performance restricted stock units ("PSUs") to certain executives. Vesting of these awards is contingent upon i) us meeting certain non-GAAP performance goals (performancebased) in fiscal 2024 and ii) our customary service periods. The awards vest over three years and have the potential to vest between 0% and 200% (240 shares) based on actual fiscal 2024 performance. The vesting quantity of these awards may vary based on actual fiscal 2024 performance. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2023 OR ☐ 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. Employ ...