What is the revenue and EPS growth rate for CommVault Systems year over year?

What does CommVault Systems do and what are its main business segments?

What factors drove the changes in CommVault Systems's revenue and profit?

What is CommVault Systems's latest dividend and current dividend yield?

What guidance did CommVault Systems's management provide for the next earnings period?

What is the market's earnings forecast for CommVault Systems next quarter?

What is CommVault Systems's gross profit margin?

What were the key takeaways from CommVault Systems's earnings call?

- **Record Growth**: Subscription ARR up 28% to $941M, SaaS ARR surging 40% to $364M, driven by 700 new customers.
- **Rule of 40 Achieved**: 19% EBIT margin with 18% ARR growth, balancing profitability and expansion.
- **Unity Platform Momentum**: Early wins in ResOps and AI-driven resilience, with AWS Sovereign Cloud partnership.
- **SaaS Shift Impact**: Strong SaaS landings (70% of net new ARR) offset term ARR growth, but long-term cross-sell potential.
- **Free Cash Flow Management**: Q3 challenges due to late sales, but Q4 normalization and $215M+ FY26 FCF guidance.
- **Innovation Leadership**: 1,600+ patents, AWS Global Storage Partner of the Year, and Gartner radar recognition.

**【CEO Summary Section】**
- Q3 subscription revenue grew 30% to $206 million, driven by 700 new subscription customers and a record land-and-expand quarter.
- Subscription ARR increased 28% to $941 million, with SaaS ARR up 40% to $364 million.
- Launched Commvault Cloud Unity platform, integrating data security, identity resilience, and recovery into a single AI-driven platform.
- Achieved Rule of 40 with 19% non-GAAP EBIT margin and 18% ARR growth.
- Awarded 1,600th lifetime patent, emphasizing innovation in cyber resilience and hybrid/multi-cloud solutions.

**【CFO Financial Commentary】**
- Total revenue rose 19% to $314 million, with subscription revenue accounting for 65% of the total.
- Gross margin improved 100bps sequentially to 81.5%, driven by software sales mix and operational efficiency.
- Operating expenses were $193 million (62% of revenue), reflecting investments in growth and cost optimization.
- Q4 guidance: Subscription revenue $204-207 million (18% growth), total revenue $308-311 million (11% growth).
- FY26 guidance: Subscription revenue $764-768 million (30% growth), ARR $1.085 billion (18% growth).
- Free cash flow expected $215-220 million, with $12-15 million in one-time restructuring costs.

**【Q&A Highlights】**
- **ARR Growth Dynamics**: SaaS ARR growth (40%) outpaced term software (22%), but longer-duration term deals offset ARR contribution.
- **SaaS NRR Decline**: 121% NRR reflects large new customer additions and mix shift to lower-ASP SaaS deals.
- **Unity Platform Impact**: Early adoption shows potential for cross-selling and expanding customer lifetime value.
- **Free Cash Flow Challenges**: Late-quarter sales and payroll timing caused Q3 DSO increase, but Q4 normalization expected.
- **Competitive Position**: ResOps framework and AI-driven Metallic fabric differentiate Commvault in hybrid/multi-cloud resilience.
- **Satori Integration**: Satori's data inspection capabilities being integrated into Cloud Unity for enhanced compliance and security.

Commvault Systems, Inc. (CVLT) Q3 2026 Earnings Call Transcript

- **ARR Milestone Achieved Early**: Reached $1 billion total ARR 2 quarters ahead of schedule, with SaaS ARR up 56% to $330 million.
- **Strong SaaS Growth**: SaaS ARR growth (55%) outpaces software TAM (low single digits), with 60% of net new ARR from SaaS in H2.
- **Cyber Resilience Leadership**: Named a leader in 3 major industry reports, with innovations like Active Directory recovery and Satori Cyber integration.
- **Financial Strength**: 18.6% EBIT margin, $74 million free cash flow, and updated FY '26 guidance for 18-19% ARR growth.
- **Customer Flexibility**: Shorter term contracts (down 9% QoQ) reflect cloud migration, but subscription ARR growth remains robust at 24-25%.

**【CEO Summary Section】**
- **Record ARR Growth**: Achieved $1 billion in total ARR two quarters ahead of schedule, with subscription ARR up 30% to $894 million. SaaS ARR grew 56% to $330 million, exceeding targets.
- **Key Growth Drivers**: 
  1. **Hybrid Cloud Demand**: Strong adoption of Cyber Resilience platform, with identity and data security solutions contributing 40% of net new ARR. A large Asian bank used Commvault to recover from a cyberattack.
  2. **Cloud Migration**: Clumio ARR grew sequentially, adding 3 Fortune 1000 and 2 Fortune 500 customers. SaaS customers grew 40% YoY to nearly 9,000.
  3. **Innovation Leadership**: Named a leader in Forrester, Gartner, and IDC reports. Acquired Satori Cyber to enhance AI data protection.
- **Customer Momentum**: 42% Rule of 40 achieved in H1, with 125% SaaS net dollar retention and 55% growth in SaaS ARR.

**【CFO Financial Commentary】**
- **Q2 Financial Highlights**: 
  - Total revenue: $276 million (+18% YoY)
  - Subscription revenue: $213 million (+29% YoY)
  - Gross margin: 80.5%
  - Non-GAAP EBIT: $51 million (18.6% margin)
  - Free cash flow: $74 million (+37% YoY)
- **Guidance Updates**: 
  - FY '26 total ARR: 18-19% growth (vs. 17% prior)
  - Subscription ARR: 24-25% growth (vs. 23.5% prior)
  - Free cash flow: $225-230 million (up from $215-220 million)
  - Q3 revenue: $298-300 million (+14% YoY)
- **Margin Outlook**: Gross margin 80.5-81.5%, Non-GAAP EBIT 18.5-19.5%.

**【Q&A Highlights】**
- **Term Duration Shift**: Customers opting for shorter contracts (down 9% QoQ) to maintain flexibility amid cloud migration. Despite this, term software ARR was second-highest in history.
- **Competitive Position**: Out-innovating peers with hybrid cloud platform, capturing 12%+ TAM growth. SaaS ARR growth (55%) far outpaces software TAM (low single digits).
- **Investment Strategy**: Allocating >75% of free cash flow to buybacks, with $131 million repurchased in Q2. Share count stable at ~45 million.
- **SaaS Contribution**: 60% of net new ARR expected to be SaaS in H2, driving margin expansion despite upfront investment costs.

Commvault Systems, Inc. (CVLT) Q2 2026 Earnings Call Transcript

- **Record Growth**: Q1 ARR up 24% to $996M, SaaS ARR surging 63% to $307M, surpassing $330M target ahead of schedule.
- **Strategic Acquisition**: $630M Satori Cyber deal to enhance AI data governance, with modest margin dilution expected.
- **Profitability**: 47% Rule of 40 score, updated FY26 guidance for 18% ARR growth and $1.16B revenue.
- **Cross-Sell Success**: 45% growth in multi-product SaaS customers, 40% of net new ARR from cross-sell initiatives.
- **Federal Strength**: FedRAMP High certification driving federal business performance in line with expectations.

**【CEO Summary Section】**
- Total ARR grew 24% to $996 million, with Subscription ARR up 33% to $844 million. SaaS ARR surged 63% to $307 million, surpassing the $330 million target ahead of schedule.
- Key wins included Honeywell, Equifax, and NTT DATA Services, with triple-digit growth in cloud marketplace transactions.
- Cyber resilience market drivers: 14th consecutive Gartner Magic Quadrant leadership, 14% YoY growth in security SKUs, and the $630 million Satori Cyber acquisition to enhance AI data governance.
- Q1 Rule of 40 score was 47%, reflecting strong revenue and profitability balance.

**【CFO Financial Commentary】**
- Q1 revenue reached $282 million (+26% YoY), driven by 46% growth in subscription revenue to $182 million.
- Gross margin remained stable at 82.4%, with operating expenses at 61% of revenue, supporting 20.7% non-GAAP EBIT margin.
- Free cash flow was $30 million, ending the quarter with $363 million in cash.
- Updated FY26 guidance: Total ARR +18%, Subscription ARR +24%, and revenue of $1.16B (+17% YoY).
- Satori acquisition expected to be modestly dilutive to margins for several quarters.

**【Q&A Highlights】**
- **Satori Impact**: No immediate revenue contribution, but long-term potential for AI data governance. Cross-sell success: 45% growth in SaaS customers using 2+ products, and 40% of net new ARR from cross-sell.
- **Bundling Strategy**: Logical bundles like Cleanroom + Active Directory, with plans to expand platform integration at the Shift event.
- **Federal Business**: FedRAMP High certification driving Q1 federal performance in line with expectations.
- **Margins**: Rule of 40 improved to 38% vs. prior guidance of 36%, reflecting strong growth and profitability balance.

Commvault Systems, Inc. (CVLT) Q1 2026 Earnings Call Transcript

- **Record Q4 growth**: 23% revenue rise, 45% subscription surge, $930M ARR. 
- **SaaS dominance**: 84% of ARR from subscriptions, SaaS ARR up 68%. 
- **Innovation lead**: Active Directory recovery, Cloud Rewind, Clumio Backtrack driving wins. 
- **FY2026 outlook**: 16-17% ARR growth, $24B TAM, 81-82% gross margin. 
- **Macro resilience**: Cyber attacks fuel demand; no material macro impact seen. 
- **Clumio impact**: SaaS ARR growing; unique cloud-native recovery capabilities. 


**【CEO Opening Remarks】**
- Q4 total revenue: $275M (+23% YoY), subscription revenue: $173M (+45% YoY). ARR: $930M (+21% YoY), SaaS ARR: $281M (+68% YoY). 
- Key innovations: Cleanroom, Active Directory forest-level recovery, Cloud Rewind. 
- New customer wins: American Tower, Cinemark, Janus International, Blue Origin. 
- FY2025 Rule of 40: 41%. 
- 2026 growth drivers: cyber resilience, cloud-first approach, partner ecosystem expansion. 
- Total addressable market (TAM) expanded to $24B. 

**【CFO Financial Highlights】**
- Q4 GAAP net income: $420M, Non-GAAP EPS: $1.08 (exceeds expectations). 
- Gross margin: 83.1%, operating expenses: $168M (61% of revenue). 
- Free cash flow: $76M (Q4), FY2025: $204M. 
- FY2026 guidance: ARR growth 16-17%, subscription revenue $727-732M, gross margin 81-82%. 
- Share buybacks: $165M in FY2025 (81% of free cash flow). 

**【Q&A Key Takeaways】**
- **Macro outlook**: Cyber resilience remains priority; no significant sales cycle changes. 
- **Clumio integration**: SaaS ARR contribution growing; unique capabilities for large data sets. 
- **Competitive landscape**: Focused on resilience vs. legacy vendors; on-premise market shrinking. 
- **International growth**: EMEA and APAC driven by DORA/SOCI compliance. 
- **Product strategy**: Cross-sell SaaS modules (e.g., Active Directory, Threat Scan) to 30% of customers. 
- **AI integration**: Exploring Commvault as source of truth for LLMs. 


Commvault Systems (CVLT)-29 Apr 25-2025 Q4 Earnings call transcript

- **Revenue Surge**: Q3 total revenue +21%, SaaS ARR +75% YoY, driven by cyber resilience demand.
- **Profitable Growth**: 20.8% non-GAAP EBIT margin, $30M free cash flow, $135M YTD buybacks.
- **SaaS Expansion**: 1,000+ new SaaS customers Q3, 30% using 2+ SaaS products, SaaS NRR 127%.
- **Innovation Lead**: Unique offerings like Cloud Rewind (ARR doubled), Active Directory recovery (9/10 attacks target AD), and FedRAMP High certification.
- **FY25 Outlook**: ARR +19-20%, SaaS ARR +28-30%, FY25 targets achievable earlier than planned.

**【CEO Opening Remarks】**
- **Record-Q3 Performance**: Total revenue up 21% YoY to $263M, subscription revenue surging 39% to $158M. SaaS ARR jumps 75% in constant currency, driven by cyber resilience demand.
- **Three Growth Drivers**: 
  1. Cyber resilience market expansion with hybrid/multi-cloud solutions (e.g., AWS, Google Workspace integrations). 
  2. Differentiated innovations like Cloud Rewind (ARR doubled post-Appranix acquisition) and Active Directory recovery (9/10 cyber attacks target AD). 
  3. Scalable go-to-market motion with 7-figure deals (e.g., Equinix, AXA) and 1,000+ new SaaS customers Q3.
- **Profitability**: Non-GAAP EBIT margin 20.8%, with 20.8% gross margin from SaaS mix shift.

**【CFO Financial Highlights】**
- **Topline Growth**: Q3 ARR $890M (+18% YoY), SaaS ARR $259M (+71% YoY). FY25 guidance: ARR +19-20%, SaaS ARR +28-30%.
- **Margin Management**: 82% gross margin, 61% operating expense ratio. Q3 free cash flow $30M, $135M YTD buybacks (106% of FCF).
- **Q4 Outlook**: Subscription revenue $160-164M (+35% YoY), total revenue $250-264M (+18% YoY). FY25 ARR target now achievable earlier than planned.

**【Q&A Key Takeaways】**
- **SaaS Momentum**: 1,000+ new SaaS customers Q3 (600 organic, 200 from Clumio). SaaS NRR 127%, with 30% of customers using 2+ SaaS products.
- **ARR Growth**: Organic net new ARR $38M Q3 (vs. $30M prior quarters), driven by multi-product adoption (e.g., Active Directory, Cloud Rewind).
- **Market Position**: 82% of customers prefer Commvault over 3+ competitors. FedRAMP High certification gives gov't sector edge.
- **FX Impact**: Q3 ARR growth 21% in constant currency, FY25 guidance excludes FX headwinds.
- **Competitive Edge**: Unique capabilities like Clean Room recovery, Backtrack S3 rollback, and Active Directory recovery on single platform.


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