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Commvault Systems, Inc. (NASDAQ: CVLT) is a leading provider of data protection and information management solutions, serving over 100,000 organizations worldwide. The company offers a comprehensive suite of software applications and services designed to help businesses protect, access, and use their data as a strategic asset. Commvault's software solutions include Commvault Complete Backup and Recovery, HyperScale, Hedvig, and Metallic, catering to large enterprises, small- and midsize businesses, as well as government agencies.
Headquartered in Tinton Falls, New Jersey, Commvault operates globally, with a significant presence in the United States and extensive export operations. The company's core products and services enable organizations to achieve cyber resilience by securing, protecting, and rapidly recovering data across various workloads and infrastructures.
Recent key developments include the expansion of Commvault's leadership team in the Asia Pacific (APAC) region with the appointments of Michel Borst and Joanne Dean as Area Vice Presidents. This strategic move aims to enhance the company's cyber resilience capabilities and strengthen its partner ecosystem in the region.
Additionally, Commvault's newly formed Cyber Resilience Council, chaired by cybersecurity expert Melissa Hathaway, focuses on addressing emerging security trends and threats. The council's insights play a crucial role in shaping product development and guiding business strategies, further solidifying Commvault's position as a leader in cyber resilience.
Financially, Commvault has demonstrated robust performance, with significant revenue and annualized recurring revenue (ARR) growth in recent quarters. The company's latest financial results highlight its strong market position and ongoing commitment to innovation and customer success.
Commvault's flagship product, the Commvault Cloud platform powered by Metallic AI, offers advanced data security and rapid recovery capabilities, ensuring businesses can maintain operations and recover swiftly from cyber-attacks. The platform's AI-driven automation and low total cost of ownership (TCO) provide a competitive edge in today's digital landscape.
For more information and the latest updates on Commvault's performance, events, and developments, visit their investor relations page at http://ir.commvault.com.
Commvault (NASDAQ: CVLT) has been named the 2021 Hewlett Packard Enterprise (HPE) GreenLake Momentum Partner of the Year at HPE Discover 2021. This recognition highlights Commvault's commitment to customer excellence and strong performance in financial metrics and innovative solutions. The company's Intelligent Data Services Platform offers flexible, scalable data management solutions, crucial for modern enterprises. The partnership with HPE facilitates effective collaborations, particularly with offerings like GreenLake Backup-as-a-Service, which enhance customer data protection and operational efficiency.
Commvault (NASDAQ: CVLT) has been recognized as a 'leader' and 'outperformer' in GigaOm's reports for Hybrid Cloud Data Protection across enterprise and SMB sectors. The company received top ratings in all Key Criteria and Evaluation categories, showcasing its robust solutions for data protection in complex environments. The reports highlight Commvault's ability to address the challenges of cloud-based data protection, appealing to various market segments. With a focus on simplicity and efficiency, Commvault aims to protect customer data, irrespective of its location.
Commvault (NASDAQ: CVLT) has announced its new Metallic Government Cloud offerings, achieving 'High Ready' status from FedRAMP for its Backup-as-a-Service (BaaS) and Cloud Storage Service. This certification makes Metallic the only comprehensive SaaS data protection solution that meets stringent U.S. government standards for data confidentiality, integrity, and availability. Additionally, the company has received compliance readiness attestation from the FBI's CJIS, reinforcing its security measures. The launch includes the first FedRAMP High Ready service for Office 365.
Commvault (NASDAQ: CVLT) announced enhancements to its Managed Service Provider (MSP) and Aggregator Partner Advantage Programs on June 9, 2021. These updates aim to better support partners in delivering Intelligent Data Services to their clients. The program offers multiple partnership models, incentives for profitability, training resources, and marketing tools. Commvault plans to add its Metallic service for MSPs later this year, allowing partners to expand their offerings. The changes reflect a commitment to address the evolving IT landscape and partner needs in a multi-cloud environment.
Commvault (NASDAQ: CVLT) announced the expansion of its Metallic SaaS portfolio, introducing the Intelligent Data Services Platform to meet rising demand for effective data management. The new offerings include Metallic Backup for Microsoft Dynamics 365 and HyperScale X for Metallic, enhancing flexibility for hybrid cloud data protection. With a 16.8% CAGR projected growth in data protection as a service, Commvault continues to lead in SaaS solutions, having doubled its Metallic customer base each quarter in fiscal 2021, now available in 24 countries.
Commvault (NASDAQ: CVLT) will present at the Needham Virtual Technology & Media Conference on May 19, 2021, at 12:45 p.m. Eastern Time. The presentation will be led by Sanjay Mirchandani, President and CEO, along with Brian Carolan, CFO. Interested parties can access the live webcast via Commvault's Investor Relations website, with a replay available for 90 days.
Commvault specializes in data backup and recovery, offering innovative solutions tailored for enterprises.
Commvault reported strong financial results for the fourth quarter and fiscal year 2021, with revenues reaching $191.3 million for Q4 and $723.5 million for the fiscal year, marking increases of 16% and 8% year-over-year, respectively. The net income for Q4 was $6.3 million and a net loss of $31.0 million for the year, although non-GAAP net income showed positive growth. Operating cash flow for Q4 was $64.7 million, reflecting a significant increase from the previous year. Commvault remains optimistic about future growth and transformation efforts.
Commvault (NASDAQ: CVLT) will announce financial results for its fiscal fourth quarter and full year ended March 31, 2021, on May 4, 2021, at 8:30 a.m. ET. A webcast will follow the announcement, allowing investors to access the information live. Commvault, headquartered in Tinton Falls, NJ, leads in data backup and recovery, with over 2,600 employees globally. The company emphasizes its commitment to delivering solutions that effectively manage and utilize critical data assets. Forward-looking statements regarding financial projections are included, indicating potential risks and uncertainties.
Commvault (NASDAQ: CVLT) will participate in the William Blair Tech Innovators conference on March 11, 2021, with a presentation by Sanjay Mirchandani, CEO, and Brian Carolan, CFO at 2:00 p.m. Eastern Time. An archived webcast will be available post-event on their investor relations page. Commvault is recognized for its leadership in data backup, recovery, and cloud solutions. They are headquartered in Tinton Falls, New Jersey and employ over 2,600 skilled professionals globally.
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