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].

Core Insights - Commvault has achieved GovRAMP Authorized status at a High Impact Level, making it the only cyber resilience vendor to hold this designation, along with FedRAMP High Authorization and FIPS 140-3 validation for its SaaS solutions [1][4][5] Group 1: Achievements and Significance - The GovRAMP Authorized status signifies that Commvault Cloud meets the highest security and risk management standards, reinforcing its commitment to cyber resilience in the public sector [3][4] - This achievement allows state and local government agencies, as well as educational institutions, to securely manage critical data while adhering to stringent security verification standards [1][2] Group 2: Benefits for Customers - Commvault Cloud's GovRAMP Authorized status provides significant advantages for SLED organizations, including enhanced data protection against breaches and unauthorized access [8] - The authorization supports compliance with federal and state regulations, thereby reducing non-compliance risks [8] - It builds trust among government agencies by adhering to recognized security frameworks, facilitating easier procurement and implementation of secure solutions [8] Group 3: Customer Testimonials - Customers, such as the Chief of Information Technology at the State of Delaware Department of Corrections, have noted that Commvault's solutions have significantly improved their cyber resilience capabilities and operational continuity [6][7]

Core Insights - Commvault and CrowdStrike have expanded their partnership to provide a unified set of services focused on incident response, cyber recovery, and resilience, enabling organizations to recover faster and be better prepared for cyberattacks [1][2][4] Group 1: Partnership Overview - The collaboration combines CrowdStrike's elite incident response services with Commvault's recovery expertise, addressing the entire lifecycle of a cyber incident from preparation to recovery [1][4] - The partnership aims to improve readiness, response times, and recovery outcomes for joint customers, reflecting the increasing demand for integrated cybersecurity solutions [2][3] Group 2: Service Offerings - The unified suite includes CrowdStrike's incident response services and Commvault's Guardian retainer-based services, which encompass readiness assessments, recovery validation, and incident response recovery assistance [5][7] - The integration between Commvault Cloud and CrowdStrike's AI-native Falcon® platform enhances the ability to identify malicious activities and restore compromised data [5] Group 3: Market Context - Ransomware attacks occur every 14 seconds, with average recovery times of 24 days, highlighting the critical need for effective cyber resilience strategies [3][10] - The partnership addresses both pre-attack preparedness and post-attack recovery, which are essential for organizations facing sophisticated cyber threats [3][4] Group 4: Customer Benefits - Customers will experience faster incident response and recovery through real-time threat visibility and rapid restoration capabilities [7] - Enhanced risk mitigation is achieved through joint cyber resilience maturity assessments and continuous recovery testing [7] - The collaboration provides tailored support and scalability, ensuring that services meet specific resilience needs of each customer [7] Group 5: Industry Engagement - Commvault will showcase the integrated offerings at the RSAC Conference from April 28 to May 1, 2025, providing opportunities for attendees to learn more about the partnership and its solutions [8]

Core Insights - Varonis Systems, Inc. has announced a partnership with Pure Storage to enhance data security and cyber resilience for customers [1][2] - The collaboration allows Varonis to integrate its AI-powered data security platform with Pure Storage's advanced data storage solutions, enabling proactive data protection and rapid recovery from cyber incidents [2][6] Company Overview - Varonis is recognized as a leader in data security, focusing on discovering and classifying critical data, removing exposures, and detecting advanced threats using AI automation [3][4] - Pure Storage is a leading provider of advanced data storage solutions, known for its simplicity and flexibility, and has been recognized as a leader in the 2024 Gartner Magic Quadrant for Primary Storage Platforms [2][5] Partnership Benefits - The partnership aims to empower organizations to secure sensitive data, detect threats, and recover quickly from cyber incidents, addressing the rising risks of ransomware [2][6] - Varonis' platform will enable Pure Storage customers to automate security outcomes such as data classification, access governance, and threat detection [4][6] Technology Integration - Varonis will scan data in Pure Storage systems in real-time, matching classification results with identities and permissions to identify and mitigate data exposure risks [6] - The integration includes features like mapping complex permissions, right-sizing access, and using AI to analyze user behavior for threat detection [6]

Financial Data and Key Metrics Changes - Subscription ARR reached $1.093 billion, growing 39% year over year, indicating strong performance in the cyber resilience market [7][34] - Subscription revenue was $244 million, up 54% year over year, contributing to total revenue growth of 47% year over year [10][39] - Free cash flow for Q4 was over $75 million, with a full fiscal year free cash flow of approximately $22 million, reflecting a significant improvement from the previous year [10][44] - Non-GAAP gross margin improved to 80% from 78% year over year, benefiting from revenue outperformance and improved efficiency [41][42] Business Line Data and Key Metrics Changes - Net new subscription ARR reached over $90 million in Q4, a record for the company [8] - Customers with $100k or more in subscription ARR grew by 29% to 2,246, while those with $1 million or more increased by 64% to 162 [9][38] - Subscription ARR contribution margin improved by over 1,400 basis points year over year, indicating better operating leverage [9][43] Market Data and Key Metrics Changes - Revenue from the Americas grew 48% to $185 million, while revenue from outside the Americas grew 47% to $73 million [40] - The company reported a strong demand for its offerings, particularly in the context of cloud transformation and generative AI [11][12] Company Strategy and Development Direction - The company aims to accelerate product innovation and lay the foundation for future growth, focusing on cyber resilience and data security [31][32] - Rubrik is positioned at the intersection of data security and AI, with a strategy to expand its total addressable market (TAM) through the integration of DSPM and cyber recovery [61][62] - The company plans to continue investing in R&D while maintaining a disciplined approach to expenses [49] 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 [46] - The company anticipates higher net new subscription ARR in the second half of the fiscal year, aligning with historical seasonality [47] - Management noted that cyber resilience remains a top priority for customers, regardless of economic cycles [76] Other Important Information - The company has integrated its DSPM into the Rubrik Security Cloud, enhancing data visibility and control for customers [19] - Regulatory requirements, such as DORA, are seen as tailwinds for the business, driving demand for compliance and resilience solutions [121] Q&A Session Summary Question: What is the outlook for the total addressable market (TAM) in data protection? - Management indicated that the TAM is expanding due to the need for modern data protection tools as customers transition to cloud and generative AI [59][61] Question: What are the evolving requirements from leading-edge customers? - Management emphasized the importance of cyber resilience and identity security, focusing on building capabilities around these areas [67][70] Question: Can you elaborate on the substantial improvement in subscription ARR contribution margin? - Management highlighted that sales efficiency and larger deal sizes contributed significantly to the improvement in margins [81][88] Question: What is driving the divergence between revenue growth and ARR growth? - Management explained that the company is in the midst of a cloud transformation, which has historically caused revenue growth to lag behind ARR growth [100][102] Question: Why is the company guiding for lower net new ARR in fiscal 2026 compared to fiscal 2025? - Management noted that the previous year's ARR growth benefited from a transition from maintenance to subscription, which is not expected to repeat at the same level [134][135]

Financial Data and Key Metrics Changes - Total revenue increased by 21% to $263 million, driven by a 39% increase in subscription revenue [4][21] - Non-GAAP EBIT margins were reported at 20.8%, reflecting strong profitability [4][26] - Total ARR grew by 18% to $890 million, with a constant currency increase of 21% to $911 million [23] Business Line Data and Key Metrics Changes - Subscription ARR, which includes term-based licenses and SaaS contracts, increased by 29% to $734 million, accounting for 83% of total ARR [23] - SaaS ARR grew by 71% to $259 million, with a constant currency growth of 75% [23] - Revenue from term software transactions over $100,000 increased by 18%, benefiting from a 30% rise in volume [21] Market Data and Key Metrics Changes - The company saw increased transaction volumes and strong close rates across various geographies and market segments [16] - The healthcare sector contributed to significant enterprise wins, including partnerships with major organizations [21][24] Company Strategy and Development Direction - The company is focused on capitalizing on the dynamic cyber resilience market, emphasizing the need for a unified resilience platform [5][6] - Innovations such as Cloud Rewind and enhanced Active Directory recovery capabilities are positioned as key differentiators in the market [9][12] - The strategy includes a strong go-to-market motion and an expanding partner ecosystem to scale globally [16][17] Management's Comments on Operating Environment and Future Outlook - Management highlighted the increasing frequency of cyber attacks as a driving force behind demand for their solutions [46] - The company is optimistic about achieving fiscal year 2026 targets earlier than initially planned, with a focus on continued investment in growth initiatives [33][30] - The outlook for fiscal Q4 includes expected subscription revenue growth of 35% year-over-year at the midpoint [29] Other Important Information - The company ended the quarter with no debt and $240 million in cash, reflecting a strong balance sheet [27] - Free cash flow for Q3 was reported at $30 million, with stock repurchases totaling $32 million [28] Q&A Session Summary Question: Momentum in SaaS customer base - Management noted that approximately 200 of the 1,000 new subscription customers came from Clumio, with the remainder being organic growth [36] Question: Acceleration from external factors - Management attributed growth to both external market conditions and internal execution, emphasizing the importance of their platform in addressing customer needs [46] Question: Seasonality in net new ARR - Management acknowledged that Q4 is typically stronger, but emphasized strong pipeline and field execution as key factors for continued growth [48] Question: Operating leverage outlook - Management indicated that FY 2025 is a year of investment, with expectations for improved operating leverage in the future [55] Question: Greenfield opportunity for protecting SaaS apps - Management expressed confidence in expanding offerings for cloud-native workloads, highlighting recent partnerships and innovations [82] Question: Impact of foreign exchange on guidance - Management confirmed that foreign exchange impacts were considered in the revised guidance, with organic growth remaining strong [89]