Commvault Fiscal Q2'26 Earnings Presentation GAAP to Non-GAAP Presentation In addition to financial information prepared in accordance with U.S. GAAP, this presentation also contains adjusted financial measures that we believe provide investors and management with supplemental information relating to operating performance and trends that facilitate comparisons between periods and with respect to projected information. These adjusted financial measures are non-GAAP and should be considered in addition to, bu ...

Core Insights - Commvault has been recognized as a Leader in the IDC MarketScape: Worldwide Cyber-Recovery 2025 Vendor Assessment, highlighting its strengths in cyber recovery architecture, workload and platform breadth, security ecosystem integration, and dedicated cyber-resilience training [1][2] Group 1: Commvault's Cyber Recovery Features - Commvault Cloud offers purpose-built cyber-recovery features such as immutable and air-gapped storage, curated recovery workflows, and deep integration with a wide range of security vendors [2] - The company is noted for pioneering the use of decoys in its recovery solutions, which simulate high-value targets like Active Directory to detect infiltration attempts [2] Group 2: Industry Recognition and Position - The IDC MarketScape recognition adds to Commvault's strong position in other key industry reports, including the 2025 Gartner Magic Quadrant for Backup and Data Protection Platforms and The Forrester Wave: Data Resilience Solutions, Q4 2024 [3] - Commvault's innovative approach to cyber recovery is characterized by a unified platform that supports both legacy and modern workloads, making it suitable for large enterprises [2][3] Group 3: Upcoming Events and Engagements - Commvault will showcase its latest offerings at the SHIFT 2025 event in New York City on November 11-12, focusing on AI trends and hands-on cyber resilience workshops [3]

Core Insights - Commvault and BeyondTrust announced a strategic integration of their platforms to enhance cyber resilience and data protection for joint customers [1][4] - The integration aims to mitigate risks associated with unauthorized access to credentials and critical systems, addressing the evolving landscape of cyber threats [2][3] Company Overview - Commvault is recognized as a leading provider of cyber resilience and data protection solutions, serving over 100,000 organizations globally [5] - BeyondTrust specializes in identity security, focusing on managing the entire identity attack surface to neutralize threats from both external and internal sources [6][8] Integration Features - The integration combines Commvault Cloud's security and scalability with BeyondTrust Password Safe's visibility and control, enhancing privileged access management [4] - Key features include centralized credential management, Just-in-Time (JIT) access, and strengthened audit and compliance capabilities [7] Market Position - BeyondTrust is trusted by 20,000 customers, including 75 of the Fortune 100, highlighting its significant presence in the identity security market [8]

Core Insights - Commvault is showcasing its cyber resilience and data protection solutions at CrowdStrike's Fal.Con 2025 event, emphasizing its capabilities in threat detection, rapid response, and data recovery [1][2][6] - The collaboration between Commvault and CrowdStrike aims to enhance incident response and cyber recovery services for joint customers, integrating CrowdStrike's Falcon cybersecurity platform with Commvault Cloud [6][8] Group 1: Event Details - Commvault will have a booth (1504) at Fal.Con 2025, featuring live demos of its latest integrations with CrowdStrike, including coordinated cyber recovery and incident response services [2][3] - Attendees can participate in a hands-on Recovery Range experience, which includes CrowdStrike Falcon® Insight XDR, and engage with Commvault's product and technical experts [2][3] Group 2: Breakout Sessions and Simulations - A breakout session titled "Integrating Cyber Defense to Accelerate Recovery and Minimize Data Loss" is scheduled for September 16, focusing on the collaboration between Commvault and CrowdStrike [4] - The Commvault Recovery Range offers a real-world cyberattack simulation for attendees to test their response strategies, scheduled for September 16 at Top Golf Las Vegas [5] Group 3: Partnership and Offerings - The partnership between Commvault and CrowdStrike was solidified in April, providing a unified set of services for incident response and cyber resilience [6] - Commvault serves over 100,000 organizations, offering a comprehensive cyber resilience platform that ensures data security and rapid recovery across various workloads [8]

Financial Highlights - Subscription revenue increased by 46% year-over-year to $182 million[10] - Subscription ARR grew by 33% year-over-year to $844 million, representing 85% of total ARR[10] - SaaS ARR increased by 63% year-over-year to $307 million, accounting for 31% of total ARR[10] - The company achieved a SaaS Net Dollar Retention Rate (NRR) of 125%[10] - Non-GAAP EBIT margin was 20.7%[10] Market and Growth - The Total Addressable Market (TAM) is $24 billion in 2024E and expected to reach $38 billion in 2028E, representing a 12% growth[8, 15] - The company is on pace to exceed $1 billion in ARR ahead of schedule, with a 24% year-over-year growth[30] - The company has a large subscription customer base, with a 31% year-over-year growth, totaling 12,900 customers[10] Cyber Resilience Platform - The company's cyber resilience platform accelerates recovery by 2.7x on average[19] - The company offers cloud resource discovery and mapping to lower resilience risk and speed recovery of cloud applications[23] - The company provides air-gapped immutable storage across all major hyperscalers to support dual-cloud compliance[24]

Core Insights - Commvault is showcasing its cyber resilience and data protection solutions at HPE Discover Las Vegas 2025, emphasizing its Cloud platform's ability to enhance cyber resilience for HPE customers [1][5] - The company will host a speaking session titled "3 Things You're Probably Not Doing That Would Cut Your Recovery Time in Half," focusing on strategies to quickly recover from disasters like ransomware attacks [2] - Attendees can engage with Commvault's full platform at booth 2055, which includes features like Cloud Rewind and Air Gap Protect, along with opportunities for giveaways and demos [4][5] Company Overview - Commvault is recognized as a leader in cyber resilience, serving over 100,000 organizations and providing a comprehensive platform for data security and rapid recovery across various workloads [6] - The company claims to offer the lowest total cost of ownership (TCO) for its cyber resilience solutions, positioning itself as a gold standard in the industry [6]

Financial Performance Highlights - Total Annual Recurring Revenue (ARR) reached $930 million, a 21% year-over-year increase[30, 56] - Subscription ARR grew by 31% year-over-year, reaching $780 million and representing 84% of Total ARR[10, 32, 56] - Subscription revenue increased by 45% year-over-year to $173 million[10, 35] - SaaS ARR experienced significant growth, increasing by 68% year-over-year to $281 million[10, 43] - The company maintained a consistent Non-GAAP EBIT margin of 21.5%[10, 54] and generated $204 million in Free Cash Flow[41] Market and Strategic Positioning - The company operates in a large and growing Total Addressable Market (TAM) estimated at $24 billion[8, 15] - The company's platform addresses a wide range of use cases across various environments, offering choice and flexibility[8] - The company is recognized as an innovation leader with over 1,100 active patents[9] Growth and Future Outlook - The company anticipates Total Revenue between $1.13 billion and $1.14 billion for FY'26, representing a 14% year-over-year increase at the midpoint[57] - The company projects Subscription Revenue between $727 million and $732 million for FY'26, a 24% year-over-year increase at the midpoint[57] - The company expects Free Cash Flow between $210 million and $215 million for FY'26[57]

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 - 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]