Commvault Systems Fiscal Q2 Non-GAAP Earnings, Revenue Rise

MT Newswires Live10-27

Commvault Systems (CVLT) reported fiscal Q2 non-GAAP earnings Tuesday of $1.38 per diluted share, up from $0.91 a year earlier.

Analysts surveyed by FactSet expected $1.24.

Total revenue for the fiscal quarter ended Sept. 30 was $312.4 million, up from $276.2 million a year earlier.

Analysts expected $310.3 million.

For fiscal Q3, the company expects subscription revenue of $293 million to $297 million. For fiscal year 2027, subscription revenue is now expected to be between $1.127 billion and $1.133 billion, compared with $1.12 billion to $1.13 billion previously. Analysts expect $292.6 million and $1.125 billion respectively.

Shares of Commvault Systems were down 10% pre-bell Tuesday.

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