19 Commvault global women leaders have been named to CRN's 2024 Women of the Channel   TINTON FALLS, N.J., May 13, 2024 /PRNewswire/ -- Commvault, a leading provider of cyber resilience and data protection solutions for the hybrid cloud, announced today that CRN®, a brand of The Channel Company, has named 19 of the company's global executives to the Women of the Channel List for 2024.   Every year, CRN highlights women from vendor, distributor, and solution provider organizations whose vision and leadership ...

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Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth Sty ...

Commvault Systems (CVLT) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.Analysts' growing optimism on the earnings prospects of this data-management software company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in ea ...

Company Participants Yesterday, we announced how this new and unique offering empowers organizations to be ready to recover. By providing a clean, isolated and on-demand recovery location in the cloud, they can spin up as many workloads have been. Clean-room. Recovery also enables users to proactively to the response plans so they can quickly recover when bad actors Striker building on these unrivaled capabilities. two weeks ago, we closed on the acquisition of a products. With this technology, customers wi ...

Commvault Systems (CVLT) reported $223.29 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 9.7%. EPS of $0.79 for the same period compares to $0.73 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $213 million, representing a surprise of +4.83%. The company delivered an EPS surprise of +8.22%, with the consensus EPS estimate being $0.73.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- ...

Commvault Systems (CVLT) came out with quarterly earnings of $0.79 per share, beating the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $0.73 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.22%. A quarter ago, it was expected that this data-management software company would post earnings of $0.73 per share when it actually produced earnings of $0.78, delivering a surprise of 6.85%.Over the last fo ...

Revenue Growth - Total revenues were $223.3 million, up 10% year over year[1] - Total revenues were $839.2 million, up 7% year over year[23] - Total revenues for Q4'24 reached $223.3 million, a 10% year-over-year growth[25] - Americas revenue for FY'24 was $498.5 million, a 6% increase year-over-year[27] - Total revenues for Q1 2024 increased to $223.292 million, up 9.7% from $203.478 million in Q1 2023[92] - Total revenues for FY 2024 reached $839.247 million, up 7.0% from $784.590 million in FY 2023[92] - Total revenues for FY 2024 are projected to be between $904 million and $914 million[95] Subscription Revenue - Subscription ARR grew to $597 million, up 25% year over year[1] - Subscription revenue is expected to be between $116 million and $119 million[2] - Subscription revenue is expected to be between $514 million and $518 million[2] - Subscription revenue in Q4'24 was $119.9 million, up 27% year-over-year[25] - Subscription revenue was $429.2 million, up 23% year over year[88] - Subscription revenue was $119.9 million, up 27% year over year[71] - Subscription revenues grew to $119.873 million in Q1 2024, a 26.8% increase from $94.537 million in Q1 2023[92] - Subscription ARR is expected to grow between 21% to 23% year over year[73] Net Income - GAAP net income was $126.1 million, or $2.81 per diluted share[7] - Non-GAAP net income was $134.4 million, or $2.98 per diluted share[7] - Non-GAAP net income for Q4'24 was $35.3 million, or $0.79 per diluted share[48] - GAAP net income was $168.9 million, or $3.75 per diluted share[91] - Net income for Q1 2024 was $126.120 million, compared to a net loss of $43.493 million in Q1 2023[92] - Net income per diluted share for Q1 2024 was $2.81, compared to a net loss per diluted share of $0.98 in Q1 2023[92] Operating Margin and EBIT - Non-GAAP EBIT was $177.5 million, an operating margin of 21.1%[23] - Non-GAAP EBIT for FY'24 was $177.5 million, with an operating margin of 21.1%[46] - Non-GAAP EBIT was $45.2 million, an operating margin of 20.2%[69] - Non-GAAP operating margin is expected to be between 20% to 21% for fiscal year 2025[24] - Non-GAAP operating margin is expected to be between 18% to 19%[73] Cash Flow and Cash Equivalents - Cash and cash equivalents at end of period were $312.754 million[10] - Cash flow from operations for FY'24 was $203.8 million[55] - Ending cash and cash equivalents as of March 31, 2024, was $312.8 million[55] - Operating cash flow was $203.8 million, with free cash flow of $200 million[69] - GAAP cash provided by operating activities was $79,985 for the three months ended March 31, 2024[62] - Free cash flow is expected to be at least $200 million for FY 2024[95] ARR (Annual Recurring Revenue) - ARR is emphasized as a key metric for understanding recurring revenue streams[34] - Total ARR grew to $770 million, up 15% year over year[69] Share Repurchases - Full year share repurchases were $184.0 million, or approximately 2,479,000 shares of common stock[72] Tax and Valuation Allowance - The company reversed its valuation allowance, resulting in an $85 million tax benefit for FY'24[43] - The non-GAAP effective tax rate will be lowered from 27% to 24% starting in FY'25[43] Expenses - Research and development expenses for Q1 2024 were $35.244 million, up 9.5% from $32.176 million in Q1 2023[92] - Sales and marketing expenses for Q1 2024 increased to $94.458 million, up 8.3% from $87.222 million in Q1 2023[92] Gross Margin - Gross margin for Q1 2024 was $184.146 million, up 9.2% from $168.673 million in Q1 2023[92]

TINTON FALLS, N.J., April 30, 2024 /PRNewswire/ -- Commvault [Nasdaq: CVLT] today announced its financial results for the fourth quarter and fiscal year ended March 31, 2024.  "We had an outstanding quarter and a breakout year, highlighted by 10% total revenue growth and 15% total ARR growth in the fourth quarter," said Sanjay Mirchandani, President and CEO. "Our Commvault Cloud platform is resonating with customers, who entrust us with their data and resilience in this era of unrelenting cyber threats." No ...

Under Constant Threat of Attack, CXOs Can Affordably Test their Cyber Recovery Plans On-Demand and Orchestrate Rapid Recovery to a Clean Location in the Cloud TINTON FALLS, N.J., April 29, 2024 /PRNewswire/ -- Commvault, a leading provider of cyber resilience and data protection solutions for the hybrid cloud, is announcing a new era in cleanroom technology. Via its groundbreaking Commvault® Cloud Cleanroom™ Recovery offering, the company is transforming – from every vantage point – what recovery looks like ...