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CommVault Systems (CVLT)
NASDAQ:CVLT
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Earnings Data
Report Date
Feb 04, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
$0.87Last Year’s EPS
$0.78Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2024
|% Change Since: 15.53%
|Next Earnings Date:Feb 04, 2025
Earnings Call Sentiment|Positive
The earnings call reflected strong performance across key financial metrics, including revenue and ARR growth, with strategic product innovations and robust partnerships contributing to positive momentum. Despite some FX benefits and incremental costs from acquisitions, the overall outlook remains optimistic with raised guidance for the year, driven by strong execution and market demand.Company Guidance
During the Commvault Q2 FY 2025 earnings call, the company reported significant growth metrics, reflecting a robust performance. Total revenue increased by 16% year-over-year to $233 million, marking the fourth consecutive quarter of double-digit revenue growth. The total Annual Recurring Revenue (ARR) rose 20% to $853 million, with Subscription ARR showing a remarkable 30% increase to $687 million. Notably, SaaS ARR experienced a substantial 64% growth, reaching $215 million and constituting 25% of the total ARR. Free cash flow also grew 34% to $54 million, with 97% of this returned to shareholders through share repurchases. The company emphasized its commitment to cybersecurity and cloud resilience, announcing innovative offerings like Commvault Cloud Rewind and strategic partnerships with AWS and Google Cloud. For fiscal Q3 and the full fiscal year '25, Commvault raised its guidance, projecting total revenue growth in the range of 13% for Q3 and approximately 14% for the full year, driven by strong subscription revenue and ongoing strategic investments.Record Revenue Growth
Total revenue increased 16% to $233 million, marking the fourth consecutive quarter of double-digit growth.
Strong ARR Performance
Total ARR accelerated 20% to $853 million, with Subscription ARR rising 30% to $687 million and SaaS ARR jumping 64% to $215 million.
Free Cash Flow Growth
Free cash flow grew 34% to $54 million, with 97% of that free cash flow returned through share repurchases.
Innovative Product Introductions
Commvault Cloud Rewind was introduced, integrating capabilities from the Appranix acquisition, enhancing multi-cloud recovery solutions.
Strategic Partnerships
Expanded relationships with AWS and Google Cloud, offering comprehensive data protection and cyber resilience capabilities.
Operational Efficiency
Gross margins improved 20 basis points year-over-year to 82.2%, reflecting leverage in SaaS hosting costs.
Raised Financial Outlook
Guidance for fiscal year 2025 was raised, expecting total ARR growth of approximately 18% and total revenue growth of about 14%.
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CVLT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CVLT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $136.97 | $169.79 | +23.96% |
| Jul 30, 2024 | $123.20 | $151.35 | +22.85% |
| Apr 30, 2024 | $99.43 | $102.47 | +3.06% |
| Jan 30, 2024 | $81.51 | $88.07 | +8.05% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does CommVault Systems (CVLT) report earnings?
CommVault Systems (CVLT) is schdueled to report earning on Feb 04, 2025, TBA Not Confirmed.
What is CommVault Systems (CVLT) earnings time?
CommVault Systems (CVLT) earnings time is at Feb 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CVLT EPS forecast?
CVLT EPS forecast for the fiscal quarter 2025 (Q3) is $0.87.
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