Financial Data and Key Metrics Changes - Subscription ARR reached approximately $1,200 million, growing 38% year over year [6][30] - Subscription revenue was $266 million, growing 54% year over year [6][32] - Free cash flow was over $33 million, a significant improvement from negative $37 million in the same quarter last year [7][36] - Non-GAAP gross margin was 80.5%, up from 75.4% year over year [33] Business Line Data and Key Metrics Changes - Net new subscription ARR reached $89 million in the first quarter [6][30] - Subscription NRR remained strong above 120% [6][32] - Customers with $100k or more in subscription ARR reached 2,381, growing 28% year over year [6][32] Market Data and Key Metrics Changes - Revenue from the Americas grew 51% to $203 million, while revenue from outside the Americas grew 43% to $75 million [33] - Cloud ARR reached $972 million, up 60% [30] Company Strategy and Development Direction - The company focuses on cyber resilience as a top cybersecurity priority, with a unique platform that combines data and identity security [9][10] - Rubrik aims to innovate continuously across data security and AI, leveraging a portfolio approach to manage innovations [11][14] - The company is expanding its offerings in identity resilience, which is seen as a significant growth opportunity [22][23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strength of the cyber resilience market and the demand for their differentiated offerings [37][76] - The company raised its guidance for the year, anticipating strong subscription ARR growth [39][40] Other Important Information - The company has a strong cash position with $762 million in cash and equivalents and $323 million in debt [36] - The company is investing in R&D to drive innovation in data security and AI [37] Q&A Session Summary Question: How long is the runway for the shift from legacy to next-gen solutions? - Management indicated that the shift is expanding the total addressable market (TAM) due to the rise in identity-based attacks and the need for comprehensive cyber resilience [46][48] Question: What is happening to sales cycles and awareness of Rubrik's capabilities? - Management noted that the current market environment is pushing enterprises to modernize their infrastructure, which is benefiting Rubrik's offerings [54][56] Question: How is the demand environment characterized? - Management stated that cyber resilience is a top priority for CIOs and CSOs, and they are not seeing any change in demand [75][76] Question: What is the size of the identity resilience opportunity? - Management emphasized that identity security is a critical component of their strategy, and they are seeing great momentum in this area [63][65] Question: What are the technical advantages Rubrik brings to identity security? - Management highlighted the unique ability to combine identity and data security, enabling faster recovery times and preventing malware reintroduction [114][115]

Financial Performance - Subscription Annual Recurring Revenue (ARR) reached $1181 million, demonstrating a year-over-year growth of 38%[15] - Cloud ARR grew significantly to $972 million, marking a 60% year-over-year increase[41] - The company's Non-GAAP Gross Margin was 81% in Q1 FY26[41] - The Average Subscription Dollar-Based Net Retention Rate (NRR) exceeded 120%[41] - Customers generating $100k or more in Subscription ARR increased to 2381[41] Guidance - The company projects Subscription ARR to be between $1380 million and $1388 million for the full fiscal year 2026[72] - Total revenue is expected to be in the range of $1179 million to $1189 million for fiscal year 2026[72] - The Subscription ARR Contribution Margin is forecasted to be approximately 6% for fiscal year 2026[72] - Free Cash Flow is projected to be between $65 million and $75 million for fiscal year 2026[72] Revenue Shift - Subscription revenue accounted for 93% of total revenue in Q1 FY26, compared to 92% in Q1 FY25[65]

Commvault Earnings Call Summary Company Overview - **Company**: Commvault - **Industry**: Cyber Resilience, Data Protection, and Security Key Points and Arguments Cyber Resilience Market - Commvault is positioned as a leading player in the cyber resilience space, which combines data protection and data security [5][6] - Cyber resilience is a top priority for CIOs and CSOs, with multiple surveys indicating it as a key focus for businesses [6] Product Offerings - Commvault supports over 40 workloads, including SaaS applications, AI data, and on-premise solutions, emphasizing the importance of breadth and depth in workloads for effective cyber resilience [7][8] - The company provides security components that help customers identify critical assets and test their cyber resiliency [9][10] Competitive Advantages - Commvault offers ultimate choice and flexibility in how customers consume their products, whether through software, SaaS, or appliances [11] - The company emphasizes a single pane of glass for managing data across multiple environments, which enhances recovery speed and efficiency [12][13] Market Size and Growth - The total addressable market (TAM) for Commvault is estimated at $24 billion, split evenly between core data backup and recovery and data security/cloud security [14][17] - The core backup and recovery market is valued at $12 billion, with $9 billion on-premise and $3 billion in the cloud, projected to grow to $4 billion by FY27 [15][16] - The data security and cloud security segment is also estimated at $12 billion, with expected growth in the high teens [18] Financial Performance - Subscription revenue grew 45% year-over-year, with the SaaS platform reaching $281 million, marking a 68% growth year-over-year [19][20] - The SaaS net dollar retention rate is at 127%, driven by 70% upsell and 30% cross-sell opportunities [20] - Commvault has maintained a profit margin of over 20% EBIT in recent years, with a margin of 21.5% last year [21] Strategic Focus - The company is focused on cross-selling its products, with 70% of SaaS customers using only one product out of nearly 15 offerings [20][49] - Commvault is investing in go-to-market strategies, including increasing sales capacity and enhancing partner enablement [82] Market Dynamics - The competitive landscape includes legacy players that dominate the on-premise market but are losing share due to a lack of hybrid support [26][32] - Commvault's strategy includes addressing the needs of both cloud and hybrid enterprises, which is crucial for cyber resilience [27][28] Future Outlook - The overall market is expected to grow at 12% for the foreseeable future, with Commvault positioned to capture market share [18][68] - The company anticipates sustaining low to mid-teen growth rates over the next few years [68] Perception and Brand Awareness - There is a perception shift occurring, with Commvault moving away from its legacy image to being recognized as a cloud-first company [87][88] - The company is actively working on improving brand awareness and positioning itself as a leader in the cyber resilience space [82][87] Additional Important Insights - Commvault's recent acquisitions aim to expand its portfolio and enhance its market position [85][86] - The company is focused on ensuring that its security features complement existing perimeter security, providing a second layer of defense [52] This summary encapsulates the key insights from Commvault's earnings call, highlighting the company's strategic positioning, market dynamics, financial performance, and future growth prospects.

Core Insights - Varonis Systems, Inc. has been recognized as a 2025 Customers' Choice in the Gartner Peer Insights for Data Security Posture Management, marking the second consecutive year for this distinction [1] - The company achieved a high customer satisfaction score of 4.9 out of 5 stars from 149 reviews, with 99% of customers indicating they would recommend Varonis [2] Company Overview - Varonis is a leader in data security, focusing on a different approach compared to conventional cybersecurity firms, utilizing a cloud-native Data Security Platform [4] - The platform continuously discovers and classifies critical data, removes exposures, and detects advanced threats through AI-powered automation [4] - Varonis offers a range of security solutions including data security posture management, data classification, data access governance, data detection and response, data loss prevention, AI security, identity protection, and insider risk management [5]

Core Insights - Rubrik and Rackspace Technology have launched the Rackspace Cyber Recovery Service, a managed service aimed at enhancing cyber resilience for enterprises operating in public cloud environments [1][2][3] - The service combines Rubrik's data protection and cyber recovery solutions with Rackspace's DevOps principles, enabling faster recovery from ransomware attacks through automated workflows and secure data restoration [1][4] Company Overview - Rubrik is a leading cyber resilience company focused on securing data across enterprise, cloud, and SaaS applications, utilizing Zero Trust Data Security to help organizations maintain business resilience against cyber threats [7] - Rackspace Technology specializes in end-to-end hybrid cloud and AI solutions, assisting customers in modernizing applications and managing cloud environments effectively [6] Service Features - The Rackspace Cyber Recovery Service employs Infrastructure as Code and platform engineering principles to facilitate the restoration of critical workloads across multi-cloud environments [4] - Key features include proactive protection through continuous anomaly detection, expert management of backup configurations, cloud management services, improved compliance with data retention policies, and advisory services for strategic implementation [5] Industry Context - The increasing complexity of cloud environments and the rise in cyber attacks necessitate a shift from traditional recovery methods to modern approaches that leverage cloud-native tools and automation [2][3] - A report from Rubrik Zero Labs indicates that 90% of global IT and security executives experienced cyber attacks in the past year, highlighting the urgent need for effective cyber resilience strategies [2]

Core Insights - Commvault is enhancing its cyber resilience solutions by extending Kubernetes protection to virtual machines on Red Hat OpenShift Virtualization, addressing the growing need for integrated data protection in hybrid cloud environments [1][3][4] Industry Trends - Containerized workload adoption is rapidly increasing, with Gartner predicting that 90% of G2000 companies will utilize container management tools by 2027, and the Containers as a Service (CaaS) market expected to reach nearly $44 billion by 2034 [2] - The surge in container usage necessitates a unified cyber resilience strategy to mitigate risks associated with ransomware and other disruptions while managing complex data protection across hybrid environments [2] Company Developments - Commvault's new capabilities allow customers to automatically discover, protect, and recover VMs alongside containerized workloads through the Commvault Cloud platform, which is particularly beneficial for DevOps, SRE, and IT leaders [3][4] - The collaboration with Red Hat aims to provide enterprise-grade data protection for workloads on Red Hat OpenShift Virtualization, enhancing user confidence in running and scaling virtualized applications [4] Product Features - Commvault offers air-gapped and immutable backups with advanced recovery options for VMs on Red Hat OpenShift Virtualization, improving business continuity against ransomware threats [8] - Customers can restore VMs both in-place and out-of-place, including configurations, which accelerates deployment and minimizes downtime [8] - The unified protection for hybrid workloads allows customers to manage both traditional and cloud-native workloads through a single platform, reducing operational complexity and costs [8] Availability - Commvault support for Red Hat OpenShift Virtualization will be available for early adopters in early summer and is expected to be generally available by early fall, with pricing aligned to existing Commvault Kubernetes protection models [5]

Core Insights - Kyndryl will invest up to €100 million over three years in France to enhance capabilities in data, AI, and cyber resilience [1] - The investment aligns with France's ambition to foster new technologies and develop talent for economic growth and competitiveness [3] Investment Details - The investment plan includes hiring up to 300 experts in data, AI, and cyber resilience to support customers in France [7] - Kyndryl will launch an AI private cloud for French customers to accelerate the development and deployment of enterprise AI solutions [7] - A new digital hub focused on AI and cybersecurity will be established in Sophia-Antipolis, partnering with educational institutions to provide career opportunities [7] Market Context - Only 28% of French business leaders believe their workforces are fully prepared to leverage AI, with 50% citing a lack of skilled talent [4] - Kyndryl's initiatives aim to address these skill gaps and enhance the IT infrastructure necessary for advancing France's technology agenda [4]

Company Overview - N-able's Annual Recurring Revenue (ARR) reached $493 million as of March 31, 2025 [8] - The company boasts a recurring revenue of approximately 100% [8] - N-able achieved a Net Retention Rate (TTM) of 101% [8] - ARR growth is at 11% at constant currency [8] - Non-GAAP Adjusted EBITDA Margin (TTM) stands at 34% [8] - Non-GAAP Gross Margin (TTM) is 83% [8] Market Opportunity - The Small and Mid-market (SMB) IT Total Addressable Market (TAM) is estimated at $2.1 trillion in 2025 [13] - N-able's total addressable market is $44 billion, encompassing Unified Endpoint Management (UEM) at $14 billion, Data Protection at $6 billion, and Security Operations at $24 billion [22] Financial Outlook - Q2 2025 ARR is projected to be between $492 million and $497 million, representing a year-over-year growth of 6-7% or 6-8% at constant currency [60] - FY 2025 ARR is projected to be between $519 million and $525 million, representing a year-over-year growth of 8-9% or 7-9% at constant currency [60]

Rackspace Cyber Recovery Cloud powered by Rubrik Enables Organizations to Restore Critical Operations Faster and More Securely than Traditional Offerings in the Event of a Cyber AttackSAN FRANCISCO, April 30, 2025 (GLOBE NEWSWIRE) -- LIVE! from RSAC, Rubrik (NYSE: RBRK), a leading cybersecurity company, and Rackspace Technology® (NASDAQ: RXT), a leading end-to-end hybrid cloud and AI solutions company, today announced a strategic partnership. The two companies will collaborate to deliver a fully managed iso ...

Core Insights - Commvault has enhanced its Cleanroom Recovery technology, providing advanced capabilities for managed service providers (MSPs) to help enterprises recover from cyberattacks more efficiently [1][6]. Group 1: Cleanroom Recovery Technology - The Cleanroom Recovery offering allows companies to restore their infrastructure using a validated clean image, significantly reducing recovery time and ensuring that systems are free from ransomware [3][9]. - The introduction of "Factory Reset" enables rapid infrastructure recovery, allowing organizations to focus on validating recovered data rather than the underlying infrastructure [3][4]. - Commvault's Cleanroom Recovery can reduce recovery time from over seven hours to zero wait time for most applications, minimizing disruption and protecting revenue [4]. Group 2: Integration with Threat Scanning - Commvault is integrating its Cloud Threat Scan with Cleanroom Recovery, allowing organizations to scan recovered data for threats, enhancing confidence in data integrity post-recovery [5][7]. - The combination of real-time threat detection and automated recovery processes helps ensure that clients' systems are restored to a pristine state, reducing the risk of reinfection [7][8]. Group 3: Focus on Managed Service Providers - Commvault is extending Cleanroom Recovery capabilities to MSPs, enabling them to offer advanced recovery solutions to their customers, thereby enhancing enterprise resilience [6][11]. - The enhancements in Cleanroom Recovery provide MSPs with tools to deliver efficient and reliable recovery services, ensuring that clients' infrastructures are restored without malicious elements [7][9]. Group 4: Continuous Innovation and Testing - The Cleanroom Recovery technology allows organizations to regularly test and retest their cyber recovery plans, ensuring preparedness against future incidents [8][9]. - Commvault's cloud-native architecture supports multiple isolated recovery environments, facilitating proactive recovery strategies through automated testing [9].