Welcome to our dedicated page for Commvault Sys news (Ticker: CVLT), a resource for investors and traders seeking the latest updates and insights on Commvault Sys stock.
Commvault Systems Inc. (NASDAQ: CVLT) delivers enterprise-grade data protection and cyber resilience solutions for modern hybrid cloud environments. This news hub provides investors and technology professionals with direct access to official press releases, financial announcements, and strategic updates from the company.
Track Commvault's latest developments including quarterly earnings reports, product innovation launches, and strategic partnerships in data security. Our curated collection ensures timely updates on critical initiatives like ransomware recovery enhancements, compliance solutions, and global expansion efforts.
Bookmark this page to monitor Commvault's progress in addressing evolving cybersecurity challenges while maintaining leadership in backup and recovery technologies. All content is sourced directly from verified corporate communications to ensure accuracy and relevance for stakeholders.
Commvault (NASDAQ: CVLT) has been recognized by Gartner for the second consecutive year, achieving the highest product scores in all three use cases of its 2021 Critical Capabilities report: datacenter environments (4.13/5), cloud environments (4.02/5), and edge environments (4.01/5). Additionally, Commvault was named a Leader in the 2021 Gartner Magic Quadrant for Enterprise Backup and Recovery Software Solutions. The company continues to innovate, providing flexible deployment options and enhancing data protection across various environments.
Commvault reported first-quarter financial results for the period ended June 30, 2021, with total revenues of $183.4 million, marking a 6% increase year over year. Income from operations (EBIT) stood at $15.5 million with an EBIT margin of 8.4%, while diluted EPS was $0.29. Notably, non-GAAP EBIT was $41.0 million with a 22.4% margin, and diluted EPS was $0.62. Total recurring revenue constituted 78% of total revenue, with annualized recurring revenue reaching $532.8 million, a 13% increase from the previous year.
Commvault (NASDAQ: CVLT) has been recognized as a "Leader" in the 2021 Gartner Magic Quadrant for Enterprise Backup and Recovery Software Solutions, marking its 10th consecutive appearance in this category. This report highlights the company's strong positioning in addressing critical data protection needs, including ransomware protection and hybrid cloud solutions. Ranga Rajagopalan, VP of Product Management, emphasized Commvault's SaaS leadership and flexible delivery models, catering to diverse customer requirements. For more insights, the Gartner report is accessible via Commvault's website.
Commvault (NASDAQ: CVLT) announces its support for the AWS for Health initiative, providing secure and scalable data management solutions for healthcare organizations. This collaboration offers comprehensive data protection for critical information, including patient records, leveraging AWS's cloud capabilities. Commvault's Intelligent Data Services seamlessly integrate into AWS environments, facilitating data storage, protection, and optimization. With an increasing need for data security in healthcare, this partnership aims to address challenges posed by data breaches and ransomware.
Meridian Group International announced the launch of mProtect Flex™, a consumption-based data protection model powered by Commvault. This solution aims to help customers optimize technology investments and reduce costs, offering a scalable approach for enterprise data management. Coupled with Commvault's Intelligent Data Services Platform, the partnership ensures comprehensive data protection for businesses transitioning to cloud environments. Meridian's global scale and expertise position it as a leading service provider in this domain, focusing on unique purchasing models that meet evolving customer needs.
Commvault (NASDAQ: CVLT) has launched a partnership with SoftwareONE, becoming its first global design partner for Metallic-based SaaS data protection solutions. This collaboration aims to offer BackupSimple powered by Metallic, a cloud-based managed service for data backup and recovery. With this partnership, customers can expect streamlined onboarding, robust management capabilities, and enhanced operational processes. The initiative is positioned to disrupt the data management market, harnessing the advantages of SaaS to accelerate adoption among Managed Service Providers (MSPs).
Commvault (NASDAQ: CVLT) will announce its fiscal first quarter financial results on July 27, 2021, covering the period ending June 30, 2021. A conference call will be held at 8:30 a.m. Eastern Time for investors to discuss the results. This event will be accessible via live webcast, with an archived version available later.
Commvault specializes in data backup and recovery solutions, aiming to safeguard and manage enterprise data effectively.
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.
