Core Insights - Commvault reported total revenues of $276 million for the fiscal second quarter, reflecting an 18% year-over-year increase [5][19] - The company achieved an annualized recurring revenue (ARR) of $1.043 billion, surpassing its target two quarters ahead of schedule [2][5] - Operating cash flow was reported at $77 million, with free cash flow at $74 million [5][19] Financial Performance - Total revenues increased by 18% year over year, with subscription revenue reaching $173 million, up 29% year over year [5][19] - SaaS revenue grew significantly by 61% year over year, contributing to the overall subscription ARR growth of 30% [5][19] - Non-GAAP EBIT was reported at $51 million, with an operating margin of 18.6% [5][19] Business Developments - Commvault completed the acquisition of Satori Cyber Ltd., enhancing its cyber-resilience platform [5][19] - The company launched new products including Clumio for Apache Iceberg and expanded its HyperScale portfolio with HyperScale Edge and HyperScale Flex [5][19] - A new integration with BeyondTrust Password Safe was announced to improve security and data recovery efficiency [5][19] Future Guidance - For the third quarter of fiscal year 2026, total revenues are expected to be between $298 million and $300 million [5] - Full fiscal year 2026 revenue guidance is projected between $1.161 billion and $1.165 billion, with subscription revenue expected to grow between 24% and 25% year over year [5][19] - Non-GAAP gross margin is anticipated to be between 80.5% and 81.5% for the full year [5][19]

Core Insights - Rubrik (RBRK) is experiencing significant growth in subscription revenue, reaching $297 million in Q2 of fiscal 2026, a 55% year-over-year increase [1][10] - The company's Annual Recurring Revenue (ARR) surpassed $1.25 billion, reflecting a 36% year-over-year growth, with $71 million in net new subscription ARR added in Q2 [2][10] - Cloud ARR grew 57% year-over-year to $1.1 billion, driven by the adoption of Rubrik Security Cloud and new offerings [3][10] Subscription Revenue Growth - Subscription revenue reached $297 million in Q2 fiscal 2026, marking a 55% increase year-over-year [1][10] - The subscription ARR surpassed $1.25 billion, with a 36% year-over-year increase and $71 million in net new subscription ARR added in Q2 [2][10] - Customers with over $100K in subscription ARR grew by 27% year-over-year, totaling 2,505, contributing 85% of total subscription ARR [2] Cloud Solutions and Product Expansion - Rubrik's focus on cloud-based solutions has significantly bolstered subscription revenue, with Cloud ARR growing 57% year-over-year to $1.1 billion [3][10] - The company announced expanded immutability for Amazon RDS for PostgreSQL and comprehensive protection for Amazon DynamoDB, reinforcing its leadership in cloud data protection [3] - The launch of Rubrik Okta Recovery provides automated, immutable backups and granular recovery for Okta Identity Provider environments, extending identity protection capabilities [4] Competitive Landscape - Rubrik faces competition from various data management and protection vendors, including Commvault and IBM [5] - Commvault launched Clumio for Apache Iceberg on AWS, enhancing data lakehouse protection and compliance [6] - IBM's growth is expected to be driven by analytics, cloud computing, and security, with a focus on hybrid and multi-cloud environments [7] Stock Performance and Valuation - RBRK shares have gained 20.3% year-to-date, outperforming the broader Zacks Computer & Technology sector's return of 23% [8] - RBRK is considered overvalued, with a forward 12-month Price/Sales ratio of 10.7X compared to the sector's 6.92X [11] - The Zacks Consensus Estimate for fiscal 2026 loss is pegged at 49 cents per share, unchanged over the past 30 days [13]

Core Insights - Commvault has launched Clumio for Apache Iceberg on AWS, which is the first solution to provide Iceberg-aware, air-gapped cyber resilience, aimed at enhancing the recovery of critical AI and analytics workloads [1][5][7] Industry Trends - The adoption of Apache Iceberg is increasing, with major companies like Netflix, Apple, and Airbnb utilizing it, and over 70% of IT and data professionals anticipate that data lakehouses will become the primary architecture for analytics in the next three years [2] Data Protection Challenges - Modern data lakehouses built on Apache Iceberg often lack robust data resilience, exposing organizations to risks such as data loss and ransomware attacks. Native snapshots are insufficient as they are tied to the source account and do not provide true air-gapped copies [3][4] Clumio Features and Benefits - Clumio for Apache Iceberg enhances data pipeline resilience, offering comprehensive protection across the AWS data pipeline, which includes unique resilience capabilities for Amazon S3 and DynamoDB [4][5] - The solution provides fast, reliable, and transactionally consistent backups that understand Iceberg table structures, eliminating manual restore processes and supporting various recovery options [6] - It offers immutable, air-gapped copies to safeguard against ransomware and accidental deletions, along with automated compliance and governance features that support long-term snapshot retention without impacting live data performance [6] Market Position - The launch of Clumio for Apache Iceberg reinforces Commvault's leadership in the cyber resilience market and strengthens its partnership with AWS, making it available in the AWS Marketplace [7][9]