Commvault Systems (CVLT) Tops Q1 EPS by 26c

Commvault Systems (NASDAQ: CVLT) reported Q1 EPS of $1.42, $0.26 better than the analyst estimate of $1.16. Revenue for the quarter came in at $314.1 billion versus the consensus estimate of $310.48 million.

Financial Outlook for Second Quarter and Full Year Fiscal 20274 -
We are providing the following guidance for the second quarter of fiscal year 2027:

Subscription revenue1 is expected to be between $264 million and $268 million
Non-GAAP EBIT margin3 is expected to be approximately 20%

We are providing the following updated guidance for the full fiscal year 2027:

Subscription revenue1 is expected to be between $1,119 million and $1,129 million
Subscription ARR1,2 is expected to be between $1,200 million and $1,210 million
Non-GAAP EBIT margin3 is expected to be approximately 21%
Free cash flow3 is expected to be between $250 million and $260 million
Share repurchases are expected to be approximately 60% of free cash flow3
Diluted shares outstanding are expected to be approximately 42 million

For earnings history and earnings-related data on Commvault Systems (CVLT) click here.

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