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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 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.
Commvault (NASDAQ: CVLT) announced the appointment of Isabelle Guis as the new Chief Marketing Officer. With over two decades in B2B tech marketing, Guis will spearhead Commvault's global marketing strategy, leveraging her expertise from roles at Salesforce and Egnyte. Guis aims to enhance Commvault's brand presence amidst strong company momentum, according to CEO Sanjay Mirchandani. Her proven track record includes significant market expansions, indicating potential growth for Commvault's data management solutions.
Commvault (NASDAQ: CVLT) has partnered with Skytap to enhance data protection and migration for IBM i (AS/400) workloads on Microsoft Azure. This collaboration aims to help businesses transition from mainframe technology to cloud solutions, providing cost-effective and reliable backup and recovery services through Commvault’s data management solutions. As businesses migrate to Skytap on Azure, they will retain their trusted data protection capabilities. This partnership strengthens Commvault's presence in the cloud data management space, aligning with the growing demand for hybrid cloud solutions in various industries.
Commvault reported its financial results for Q3 FY2021, ending December 31, 2020, with total revenues of $188.0 million, marking a 7% year-over-year increase. Notably, recurring revenue reached $140.0 million, up 13% year-over-year. Non-GAAP income from operations stood at $37.3 million, yielding an EBIT margin of 19.8%. The diluted EPS was $0.57. Cash flow from operations improved significantly to $17.0 million. Commvault's annualized recurring revenue (ARR) increased to $507.2 million, up 11% from the previous year.
Commvault (NASDAQ: CVLT) announced significant enhancements to its Metallic Backup-as-a-Service (BaaS) offerings, expanding its portfolio with new data protection solutions including Salesforce Backup and enhancements for Microsoft Teams. The company is now providing support in 23 countries, adding nine new EMEA countries. Metallic's hybrid cloud capabilities are enhanced with the introduction of HyperScale X. These innovations aim to meet rising demand for cloud-based data protection solutions amid increased remote work and data risks.
Commvault (NASDAQ: CVLT) appointed John Tavares as Vice President, Global Channel and Alliances, effective January 6, 2021. With over 25 years at Dell EMC, Tavares is tasked with expanding Commvault's Global Partner Organization and enhancing partner relationships globally. His experience in driving revenue growth and building sales teams is expected to boost Commvault's reputation in data management solutions. Tavares succeeds Mercer Rowe, who will now focus on strengthening Commvault's SaaS division, Metallic, in Japan and Asia Pacific.
Commvault (NASDAQ: CVLT) will announce its financial results for the fiscal third quarter ending December 31, 2020, on January 27, 2021. A detailed earnings letter will be available on their investor relations site. Following the results release, the FutureReady Investor Event is scheduled for 11:00 a.m. ET to discuss quarterly performance and long-term strategy. Investors can register for the live webcast and access archived material post-event. The company emphasizes its leadership in data management solutions and its commitment to providing value to its investors.
