Commvault Systems Inc
NASDAQ:CVLT

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Commvault Systems Inc
NASDAQ:CVLT
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Price: 121.51 USD -0.56%
Market Cap: 5.4B USD

Commvault Systems Inc
Investor Relations

In the complex ecosystem of data management, Commvault Systems Inc. has carved out a niche as a stalwart provider of versatile data protection and information management solutions. The company, rooted in innovation since its inception in 1996, caters to a broad clientele across various industries, offering software and services that focus on multiple facets of data handling—from backup and recovery to cloud management and data governance. Commvault’s flagship product, the Commvault Data Platform, is engineered to simplify the often daunting task of managing and securing business-critical data. It provides enterprises with the tools to maintain seamless data availability while bolstering their defenses against cyber threats, a proposition that has gained increasing relevance in the age of digital transformation.

Revenue generation at Commvault is spurred by a diversified model that combines software licensing, software-as-a-service (SaaS) offerings, and professional services. Their business earns significant income from initial software licensing agreements, where clients obtain the rights to use Commvault's proprietary solutions. Beyond that, recurring revenue is bolstered through subscriptions to ongoing software updates, maintenance contracts, and cloud-based solutions delivered via their Commvault-as-a-Service platform. Additionally, the company capitalizes on its expertise by offering consulting, design, and implementation services, helping businesses tailor Commvault’s technology to their unique data landscapes. This multifaceted approach not only ensures a steady income stream but also strengthens customer relationships and loyalty through comprehensive, adaptive data solutions that evolve with changing market demands.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Oct 28, 2025
AI Summary
Q2 2026

ARR Milestone: Commvault hit $1 billion in total annual recurring revenue (ARR) two quarters ahead of its original target.

Growth Drivers: Subscription ARR rose 30% to $894 million, with SaaS ARR up 56% to $336 million. Total revenue increased 18% to $276 million.

Guidance Raised: The company raised FY26 total ARR and subscription ARR growth guidance by 50 basis points and lifted free cash flow outlook.

Margin Outlook: Gross margins expected at 80.5%–81.5% for FY26, with operating margins guided to 18.5%–19.5%, reflecting SaaS growth and ongoing investments.

Cloud & Security Momentum: Strong demand for Commvault's cloud and identity security offerings, with identity/security products representing nearly 40% of net new ARR.

Investment in Growth: Management reaffirmed ongoing investment in innovation, product development, and go-to-market, even at the expense of near-term margin compression.

Contract Duration Shift: Customers are choosing shorter contract terms to maintain flexibility as they transition to the cloud, impacting average deal size.

Key Financials
Total Annual Recurring Revenue
$1.04B
Subscription ARR
$894M
SaaS ARR
$336M
Total Revenue
$276M
Gross Margin
80.5%
Operating Expenses
$170M
Operating Margin
18.6%
Free Cash Flow
$74M
Net Dollar Retention
125%
SaaS Customers
9,000
Diluted Share Count
45M
Cash Balance
over $1B
Earnings Call Recording
Other Earnings Calls

Management

Mr. Sanjay Mirchandani
President, CEO & Director
No Bio Available
Mr. Gary Merrill
Chief Commercial Officer
No Bio Available
Mr. Michael John Melnyk C.F.A.
Head of Investor Relations
No Bio Available
Ms. Danielle K. Sheer J.D.
Chief Legal & Trust Officer and Corporate Secretary
No Bio Available
Ms. Anna Griffin
Chief Marketing Officer
No Bio Available
Ms. Martha Delehanty
Chief People Officer
No Bio Available
Mr. Brian Brockway
CTO & VP
No Bio Available
Mr. Rajiv Kottomtharayil
VP & Chief Product Officer
No Bio Available
Mr. Alan Atkinson
Chief Partner Officer
No Bio Available
Mr. Richard Gadd
Senior Vice President of Commvault EMEA & India
No Bio Available

Contacts

Address
NEW JERSEY
Tinton Falls
1 Commvault Way
Contacts
+17328704000.0
www.commvault.com