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 - Commvault has launched two new products, HyperScale Edge and HyperScale Flex, to enhance its HyperScale portfolio, aimed at improving cyber resilience and data protection for modern enterprises [1][2][3] Product Offerings - HyperScale Edge is designed for localized data protection and recovery in remote sites and small to medium-sized businesses, providing flexibility and ease of deployment [3][6] - HyperScale Flex targets large, data-intensive workloads, offering high-performance backup and recovery with a flexible architecture that connects to external flash storage pools [4][6] Market Context - The 2024 Verizon Data Breach Investigations Report indicates a significant rise in breaches from edge devices and VPNs, increasing to 22%, highlighting the need for robust data protection solutions [2][9] - Commvault's new offerings are positioned to address the growing cyber threats and the need for resilience in various enterprise environments [3][5] Partnerships and Ecosystem - Commvault collaborates with major hardware partners including Dell, HPE, Lenovo, Pure Storage, and VAST Data to deliver its HyperScale solutions [1][4] - The integration with these partners allows customers to leverage existing infrastructure while enhancing their data protection capabilities [3][5] Availability and Pricing - HyperScale Edge is available now on a subscription basis or as a perpetual license, while HyperScale Flex is currently in early adopter phase [6][7]