Core Insights - Commvault will showcase its cyber resilience and data protection solutions at AWS re:Inforce from June 16-18, 2025, in Philadelphia [1][2] Company Highlights - Commvault is a leading provider of cyber resilience solutions, helping over 100,000 organizations maintain data safety and business continuity [6] - The company offers a comprehensive cyber resilience platform that integrates data security and rapid recovery across various workloads, emphasizing low total cost of ownership (TCO) [6] Event Participation - Commvault will exhibit at booth 631, providing product demonstrations of its Cloud platform and discussing the benefits of its solutions for early threat detection, accelerated response, and fast recovery of clean data [2][3] - A speaking session featuring Commvault CSO Bill O'Connell is scheduled for June 17 at 3:00 pm, focusing on current cybersecurity challenges and best practices for AWS customers [3] - Commvault CTO Brian Brockway will present on June 17 at 12:00 pm at booth 1322, discussing the integration of Commvault Cloud with Wiz and its impact on cyber resiliency and recovery [4] Product Offerings - Commvault's solutions include Cleanroom Recovery for testing cyber recovery plans, Clumio Backtrack for rapid recovery of datasets in Amazon S3, Cloud Rewind for restoring clean data, Air Gap Protect for immutable data storage, and Threat Scan for active threat monitoring [6]

Financial Data and Key Metrics Changes - Total revenue increased by 23% to $275 million, driven by a robust 45% increase in subscription revenue [4][22] - Total ARR improved by 21% to $930 million, with subscription ARR growing by 31% to $780 million, and SaaS ARR jumping by 68% to $281 million [21][22] - Fiscal Q4 gross margins were 83.1%, reflecting a strong mix of term software sales [27] - Non-GAAP EBIT grew by 31% to $59 million, with margins up 130 basis points year over year to 21.5% [28] Business Line Data and Key Metrics Changes - Subscription revenue growth was driven by momentum across the SaaS platform and expansion with existing customers [22] - Revenue from term software transactions over $100,000 increased by 38%, benefiting from both volume and average transaction size [22] - Q4 saw the best volume quarter of the year for term software transactions under $100,000, adding 700 new subscription customers, surpassing 12,000 worldwide [23] Market Data and Key Metrics Changes - Strong growth was noted in EMEA and APAC regions, with notable customer wins in highly regulated industries like healthcare and financial services [10][75] - The company is well-positioned to support compliance with regulations such as GDPR and DORA, contributing to strong international growth [9][10] Company Strategy and Development Direction - The company aims to capitalize on strong secular tailwinds tied to cyber resilience and continuous business availability [6][11] - Commvault is focused on expanding its partner ecosystem and enhancing its offerings to address evolving customer needs [5][19] - The total addressable market is estimated to be approximately $24 billion, with plans to invest in cloud and data security integrations [19][30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing demand for cyber resilience products and the company's ability to execute its growth strategy [39][40] - The company is closely monitoring the macro environment but remains optimistic about its growth trajectory [30][34] Other Important Information - The company repurchased $165 million of stock, representing 81% of free cash flow, exceeding its guidance to return at least 75% [29] - The company plans to continue investing in cloud and data security integrations across its partner ecosystem [19][34] Q&A Session Summary Question: Customer sentiment regarding macroeconomic conditions and sales cycles - Management indicated that cyber resilience remains a priority for customers, with no significant changes observed in sales cycles or close rates [38][39] Question: Clumio's contribution and integration - Clumio is expected to provide a positive impact on total revenue, with unique capabilities enhancing the company's offerings [48][49] Question: Cross-sell and upsell opportunities within the SaaS portfolio - The company reported a steady net dollar retention rate of 127%, with a mix of two-thirds upsell and one-third cross-sell [53] Question: Competitive landscape and market positioning - Management emphasized the company's focus on resilience and its ability to recover from cyber attacks, highlighting healthy double-digit growth [61] Question: Future product capabilities and market focus - The company is enhancing its capabilities to support emerging workloads, particularly in AI and cloud environments [64][65]

Financial Data and Key Metrics Changes - Total revenue increased by 23% to $275 million, driven by a robust 45% increase in subscription revenue [5][23] - Total ARR improved by 21% to $930 million, with subscription ARR growing by 31% to $780 million, and SaaS ARR jumping by 68% to $281 million [22][23] - Fiscal Q4 gross margins were 83.1%, reflecting a strong mix of term software sales [27] Business Line Data and Key Metrics Changes - Subscription revenue growth was driven by momentum across the SaaS platform and expansion with existing customers [23] - Revenue from term software transactions over $100,000 increased by 38%, with more than a dozen transactions exceeding $1 million [23] - Q4 saw the addition of 700 new subscription customers, surpassing 12,000 worldwide [24] Market Data and Key Metrics Changes - Strong customer wins included notable companies such as American Tower and Cinemark Holdings, reflecting current tailwinds in the industry [9] - EMEA and APAC regions showed balanced growth, with EMEA having a particularly strong quarter [72] Company Strategy and Development Direction - The company is focused on cyber resilience as a top strategic priority, addressing increasing ransomware and sophisticated cyber attacks [9] - Plans to continue investing in cloud and data security integrations across the partner ecosystem, expanding the total addressable market to approximately $24 billion [20][30] - The company aims to drive increased multi-product adoption of its SaaS offerings, with a strategic priority to enhance cross-sell opportunities [26][81] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the guidance for fiscal year '26, citing strong demand for cyber resilience products and internal execution [41][42] - The macro environment is being monitored closely, but no significant changes in customer sentiment were noted between Q4 and Q1 [39][41] - The company expects total revenue for Q1 to be in the range of $266 million to $270 million, representing a 19% year-over-year growth at the midpoint [30] Other Important Information - The company ended the quarter with no debt and $302 million in cash, with a free cash flow of $76 million for Q4 [28][29] - Fiscal year '26 total ARR growth is expected to be between 16% to 17% year-over-year, driven by subscription ARR growth of 22% to 23% [32][33] Q&A Session Summary Question: Customer sentiment regarding macroeconomic conditions and cyber resilience - Management indicated that cyber resilience remains a priority for customers, with no significant changes in sales cycles or close rates observed [39][41] Question: Operating margin guidance and growth versus margin trade-off - Management emphasized a balance between continued investment in growth opportunities and maintaining overall profitability [42][43] Question: Contribution of Clumio acquisition to revenue - Clumio is expected to contribute approximately 100 basis points to total revenue, with excitement about its unique capabilities [47][49] Question: Cross-sell and upsell opportunities within the SaaS portfolio - The company reported a SaaS net dollar retention rate of 127%, with a focus on increasing multi-product adoption among customers [52][81] Question: Competitive landscape and response to acquisitions in the industry - Management highlighted a focus on resilience and the ability to recover from cyber attacks, asserting that the company is gaining market share despite a flat overall on-premise market [59] Question: Future focus on workloads and capabilities - The company plans to enhance capabilities that support AI and emerging workloads, emphasizing the importance of resilience in their offerings [61][62]