Core Insights - Commvault reported a total revenue of $224.7 million for the fiscal first quarter ended June 30, 2024, representing a 13% year-over-year growth [25][70] - The annualized recurring revenue (ARR) grew to $803 million, up 17% year-over-year, with subscription revenue increasing by 28% to $124.1 million [25][16] - Non-GAAP net income was reported at $38.4 million, translating to a non-GAAP diluted earnings per share of $0.85, compared to $32.5 million and $0.72 in the previous year [53][69] Financial Performance - Income from operations (EBIT) was $18.4 million, with a GAAP operating margin of 8.2%, while non-GAAP EBIT was $48.3 million, reflecting a margin of 21.5% [23][25] - Operating cash flow for the quarter was $44.7 million, with free cash flow amounting to $43.8 million [25][66] - Commvault repurchased approximately $51.4 million worth of common stock, totaling around 471,000 shares at an average price of $109.06 per share [66] Guidance and Projections - For the second quarter of fiscal 2025, total revenues are expected to be between $915 million and $925 million, with total ARR projected to grow by 15% year-over-year [17] - Subscription revenue is anticipated to be between $522 million and $527 million, with subscription ARR growth expected between 23% and 25% year-over-year [17] - Non-GAAP operating margin is forecasted to be between 20% and 21%, with free cash flow expected to be at least $200 million [17] Tax and Non-GAAP Measures - Commvault adjusted its estimated non-GAAP effective tax rate from 27% to 24% for fiscal 2025, aligning it more closely with expected effective tax rates in the coming years [1][69] - The company emphasizes the importance of non-GAAP financial measures, such as non-GAAP net income and free cash flow, for evaluating its operational performance [3][4][59]

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For the quarter, the consensus mark for earnings has remained steady at 75 cents per share in the past 30 days. The figure indicates 4.17% growth from the year-ago quarter's reported figure. CommVault's fiscal first-quarter performance is expected to have benefited from steady demand for the company's cyber resilience and data protection solutions by hybrid cloud organizations. The company also announced that its SaaS-delivered data protection offerings have achieved the Federal Risk and Authorization Manag ...

The latest trading session saw Commvault Systems (CVLT) ending at $122.24, denoting a +0.4% adjustment from its last day's close. The stock's change was more than the S&P 500's daily loss of 0.51%. Meanwhile, the Dow experienced a rise of 0.2%, and the technology-dominated Nasdaq saw a decrease of 0.93%. Investors will be eagerly watching for the performance of Commvault Systems in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on July 30, 2024. The company's earnings ...

Ahlawat will spearhead ongoing product and AI innovation to help customers securely and responsibly navigate the ever-evolving threat landscape TINTON FALLS, N.J., July 23, 2024 /PRNewswire/ -- Commvault, a leading provider of cyber resilience and data protection solutions for the hybrid cloud, today announced Pranay Ahlawat as its first Chief Technology and AI Officer (CTAIO). Reporting to Rajiv Kottomtharayil, Chief Product Officer, Ahlawat will oversee Commvault's product vision and development lifecycle ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Let's take a look at what these Wall Street heavyweights have to say about Commvault Systems (CVLT) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Commvault currently has an avera ...

"As a long-term Commvault partner, we are excited to deliver Commvault Cloud to government organizations, expanding access via the AWS ICMP," said Bryan Jenkins, Director, Strategic Business Development, Carahsoft. "More than any other industry, public sector organizations hold highly confidential data that must be protected at all costs. With Commvault Cloud, we're able to provide the necessary security to customers and help them remain cyber resilient in the fight against bad actors and malicious attacks. ...

Recent Developments and Trends Performance Company Overview Commvault Systems (NASDAQ:CVLT) is a company that specializes in the field of data protection and information management, and it is regarded as a predominant force in the industry. Established in 1988 with its main office being in Tinton Falls, New Jersey, Commvault succeeded in its aim to become a known name on the market. Data security, data backups, and data recovery, as well as solutions and benefits management options, are the company's core o ...

TINTON FALLS, N.J., July 2, 2024 /PRNewswire/ -- Commvault (NASDAQ: CVLT) - Commvault will webcast a discussion of its first quarter fiscal year 2025 earnings results on Tuesday, July 30, 2024 beginning at 8:30 a.m. EST at http://ir.commvault.com. Investors can access the live webcast by visiting http://ir.commvault.com. Investors may also access the call by dialing (646) 968-2525 or (888) 596-4144 and referencing Event ID 9739978. To avoid delays, we encourage participants to dial into the conference call ...

The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Commvault Systems currently has a Zacks Rank of #1 (Strong Buy). The Computer - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 88, this industry ra ...