Core Insights - Commvault reported an annualized recurring revenue (ARR) of $1,085 million, reflecting a year-over-year increase of 22% [1][5] - The company achieved record customer engagement and adoption, driven by its AI-enabled platform that addresses evolving identity and emerging threats [2][5] - Commvault's total revenues for the fiscal third quarter reached $314 million, up 19% year over year [5][23] Financial Performance - Subscription revenue was $206 million, marking a 30% increase year over year, with term-based license revenue at $119 million (up 22%) and SaaS revenue at $87 million (up 44%) [5][23] - Non-GAAP EBIT was reported at $61 million, with an operating margin of 19.6% [5][23] - GAAP net income for the quarter was $18 million, or $0.40 per diluted share [23] Business Developments - Commvault launched the Commvault Cloud Unity Platform, enhancing data security and cyber recovery across various environments [5][8] - A new partnership with Delinea was announced to expand Commvault's offerings in unified data security and identity resilience [5][8] - Commvault received the 2025 Geography and Global AWS Partner Award, being named the Global Storage Partner of the Year [5][8] Guidance and Outlook - For the fourth quarter of fiscal year 2026, total revenues are expected to be between $305 million and $308 million, with subscription revenue projected between $203 million and $207 million [5][11] - The full fiscal year 2026 guidance anticipates total revenues between $1,177 million and $1,180 million, with subscription revenue expected to be between $764 million and $768 million [11][6] - Non-GAAP gross margin is expected to be approximately 81%, with non-GAAP EBIT margin projected at around 19% to 20% [11][6]

Core Viewpoint - Commvault will host a webcast to discuss its third quarter fiscal year 2026 earnings results on January 27, 2026, at 8:30 a.m. EST [1] Company Overview - Commvault (NASDAQ: CVLT) is recognized as a leader in unified resilience at enterprise scale, focusing on data security, identity resilience, and cyber recovery through a cloud-native, AI-enabled platform [3] - The company emphasizes its capability to conduct rapid and comprehensive recoveries, ensuring not only data recovery but also the recovery of entire business operations [3] - Commvault is designed for the agentic enterprise, allowing organizations to adopt AI technologies while safeguarding against AI-driven threats [3]

Core Insights - Commvault has announced a new partnership and technology integration with Delinea to enhance credential security, auditability, and compliance for joint customers [1][4] Company Overview - Commvault is a leader in unified resilience at enterprise scale, focusing on data security, identity resilience, and cyber recovery on a cloud-native, AI-enabled platform [5] - Delinea specializes in securing human and machine identities through intelligent, centralized authorization, leveraging AI-powered intelligence for identity security [6][7] Integration Benefits - The integration connects Commvault Cloud with Delinea's Secret Server, providing significant benefits such as reduced risk of downtime, stronger compliance support, increased IT efficiency, and faster threat response [3][4] - Key features of the integration include centralized credential management, Just-in-Time (JIT) access, and enhanced audit and compliance capabilities [6][7] Market Context - In 2024, nearly one-third (33%) of security incidents are expected to stem from compromised privileged identities, highlighting the importance of robust credential security [2] - The partnership aims to protect against evolving identity-driven attacks and ensure the security of recovery processes [4]