CommVault Systems Inc

CVLT

Equity

ISIN US2041661024 / Valor 2517585

NASDAQ (2024-11-22)

USD 174.60+2.29%

CommVault Systems Inc
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About company

CommVault Systems Inc. specializes in providing comprehensive data protection and information management solutions, focusing on cloud-based data security and recovery. Unlike its competitors, who may rely on complex workarounds or proprietary hardware, CommVault offers a unified cloud-based platform that allows businesses to back up, monitor, report, manage, and recover their data across various environments. This approach is designed to support the needs of hybrid enterprises, aiming to deliver cyber resilience efficiently and cost-effectively. The company claims its solutions can achieve a total cost of ownership (TCO) that is three to five times lower than less comprehensive alternatives. CommVault's emphasis on a central platform for data management highlights its commitment to simplifying the complexities associated with securing and recovering data in the cloud era.

Summarized from source with an LLMView SourceSector: Technology

Total Revenue

CommVault Systems Inc. reported total revenues of $198.2 million for the fiscal first quarter ended June 30, 2023. This figure remained flat year over year, indicating stable performance in their revenue streams.

Subscription Revenue

Subscription revenue for CommVault Systems Inc. in the fiscal first quarter of 2024 was $97.3 million, reflecting an 11% increase compared to the same period last year. This growth highlights the company's successful shift towards a subscription-based model.

Income from Operations

CommVault Systems Inc. achieved an income from operations (EBIT) of $18.5 million for the fiscal first quarter of 2024, resulting in an operating margin of 9.3%. On a non-GAAP basis, EBIT was $43.5 million, with an operating margin of 22.0%.

Cash Flow and Share Repurchases

Operating cash flow for CommVault Systems Inc. increased by 74% year over year to $39.0 million in the fiscal first quarter of 2024. Additionally, the company repurchased $51 million worth of common stock, amounting to approximately 779,000 shares.

Financial Outlook

For the second quarter of fiscal year 2024, CommVault Systems Inc. expects total revenues to be between $193 million and $197 million. The company also reconfirmed its full fiscal year 2024 guidance, projecting total revenues between $805 million and $815 million, with subscription revenues expected to be between $420 million and $430 million.

Summarized from source with an LLMView Source

Key figures

148%1Y

172%3Y

250%5Y

Performance

35.5%1Y

34.7%3Y

36.9%5Y

Volatility