Core Insights - Commvault Systems reported $276.19 million in revenue for the quarter ended September 2025, marking an 18.4% year-over-year increase and a surprise of +0.99% over the Zacks Consensus Estimate of $273.48 million [1] - The company's EPS for the same period was $0.91, compared to $0.83 a year ago, although it fell short of the consensus EPS estimate of $0.94 by -3.19% [1] Revenue Breakdown - Annualized Recurring Revenue (ARR) reached $1,043.00 million, exceeding the average estimate of $1,029.91 million from three analysts [4] - Revenue from perpetual licenses was reported at $12.07 million, surpassing the average estimate of $7.65 million from four analysts, reflecting a +14.7% change year-over-year [4] - Revenue from other services was $11.22 million, slightly below the average estimate of $11.79 million, with a year-over-year change of +1.7% [4] - Customer support revenue was $80.23 million, exceeding the average estimate of $78.75 million, representing a +3.3% year-over-year increase [4] - Subscription revenue was reported at $172.67 million, which was below the average estimate of $175.32 million, but still showed a significant +28.8% year-over-year change [4] Stock Performance - Commvault's shares have returned -9.8% over the past month, contrasting with the Zacks S&P 500 composite's +3.6% change [3] - The stock currently holds a Zacks Rank 1 (Strong Buy), indicating potential for outperformance in the near term [3]

Core Insights - Nasdaq reported third-quarter 2025 adjusted earnings per share of 88 cents, exceeding the Zacks Consensus Estimate by 4.8% and showing an 18.9% year-over-year improvement driven by higher revenues across three divisions and organic growth [1][8] Financial Performance - Nasdaq's net revenues reached $1.3 billion, marking a 15% increase year over year, with organic net revenue growth at 11%, surpassing the Zacks Consensus Estimate by 1.7% [2] - Annualized Recurring Revenue (ARR) grew 10% year over year to $3 billion, with organic growth at 9% [2] - Annualized SaaS revenues increased by 12%, accounting for 38% of ARR [2] Segment Performance - Capital Access Platforms' adjusted revenues were $546 million, up 9% year over year, driven by higher revenues across all business lines [3] - Financial Technology revenues adjusted to $457 million, reflecting a 23.2% increase, also supported by higher revenues from all business lines [3] - Solutions business revenues rose 15% year over year to $1 billion, fueled by strong growth in Index and Financial Technology [3] Operating Expenses and Income - Market Services' net revenues increased 7.4% year over year to $303 million, exceeding estimates [4] - Adjusted operating expenses were $583 million, up 7.4% from the previous year, reflecting increased investments in technology and personnel [4] - Adjusted operating income rose 14.9% year over year to $732 million, with an operating margin of 56%, expanding 200 basis points [5] Cash Flow and Capital Deployment - Nasdaq had cash and cash equivalents of $697 million as of September 30, 2025, an 11.9% increase from the end of 2024 [6] - Long-term debt decreased by 4.6% to $8.7 billion [6] - The company returned $155 million to shareholders through dividends and repurchased $115 million of common stock in the third quarter [7] Guidance and Outlook - Nasdaq raised its 2025 expense outlook to a range of $2.305 billion to $2.335 billion, reflecting ongoing investments in technology and talent [8][10] - The board approved a dividend of 27 cents per share, payable on December 19, 2025 [9]

Core Insights - Nasdaq reported second-quarter 2025 adjusted earnings per share of 85 cents, exceeding the Zacks Consensus Estimate by 6.3% and reflecting a 24% year-over-year improvement [1][8] - The company's shares rose 1% in pre-market trading due to this outperformance [1] - Revenue growth was driven by higher revenues across three divisions and organic growth, although this was partially offset by increased expenses [1] Financial Performance - Nasdaq's net revenues reached $1.3 billion, marking a 13% year-over-year increase, with organic net revenue growth at 12% [2][8] - Annualized Recurring Revenue (ARR) grew 10% year over year to $2.9 billion, with organic growth at 9% [2] - Annualized SaaS revenues increased by 13%, accounting for 37% of ARR [2] Segment Performance - Capital Access Platforms' adjusted revenues were $527 million, up 9% year over year, driven by higher revenues across all business lines [3] - Financial Technology adjusted revenues were $464 million, reflecting a 10% increase, also supported by higher revenues from all business lines [3] - Solutions business revenues rose 10% year over year to $991 million, driven by strong growth in Index and Financial Technology [3] Market Services and Expenses - Market Services' net revenues increased by 21% year over year to $306 million, surpassing estimates [4] - Adjusted operating expenses were $585 million, an 8% increase from the previous year, reflecting investments in technology and personnel [4] - Adjusted operating income was $721 million, up 16% year over year, with an operating margin of 55%, expanding by 200 basis points [5] Financial Position - As of June 30, 2025, Nasdaq had cash and cash equivalents of $927 million, a 49% increase from the end of 2024 [6] - Long-term debt decreased by 4.4% to $8.7 billion [6] - The company generated $746 million in cash flow from operations during the reported quarter [6] Capital Deployment - Nasdaq returned $155 million to shareholders through dividends and $100 million through stock repurchases in Q2 2025 [9] - The board approved a dividend of 27 cents per share, payable on September 26, 2025 [9] - As of June 30, 2025, $1.5 billion remained under the board-authorized share repurchase program [9] Guidance - Nasdaq raised its 2025 non-GAAP expense guidance to a range of $2.295-$2.335 billion from the previous range of $2.265-$2.325 billion [8][10] - The company forecasts a non-GAAP tax rate for 2025 to be between 22.5% and 24.5% [10]

Core Insights - Commvault Systems reported a revenue of $275.04 million for the quarter ended March 2025, reflecting a year-over-year increase of 23.2% [1] - The company's EPS was $1.03, up from $0.79 in the same quarter last year, indicating strong earnings growth [1] - Revenue exceeded the Zacks Consensus Estimate of $263.03 million by 4.56%, and EPS surpassed the consensus estimate of $0.93 by 10.75% [1] Financial Performance Metrics - Annualized Recurring Revenue (ARR) was reported at $930.05 million, slightly above the estimated $913.07 million [4] - Revenue from perpetual licenses was $14.96 million, exceeding the average estimate of $12.41 million, but showing a year-over-year decline of 1.5% [4] - Revenue from other services was $10.34 million, below the average estimate of $10.71 million, representing a year-over-year decrease of 7.7% [4] - Customer support revenue was $76.51 million, slightly below the estimated $77.24 million, with a year-over-year change of -0.7% [4] - Subscription revenue significantly increased to $173.23 million, surpassing the average estimate of $159.03 million, marking a year-over-year growth of 44.5% [4] Stock Performance - Commvault's shares have returned +5.2% over the past month, contrasting with a -0.8% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]