Commvault Systems (CVLT) Tops Q2 EPS by 10c, Revenues Beat

Commvault Systems (NASDAQ: CVLT) reported Q2 EPS of $0.45, $0.10 better than the analyst estimate of $0.35. Revenue for the quarter came in at $171.1 million versus the consensus estimate of $164.65 million.

• Annualized recurring revenue (ARR) up 9% year over year
• Second quarter software and products revenue up 5% year over year
• Recurring revenue up 6% year over year

"We are pleased by this quarter's solid financial performance and are on track to deliver continued growth and operating margin expansion," said Sanjay Mirchandani, President and CEO, Commvault. "The Commvault portfolio has never been stronger. New product announcements including Commvault HyperScale X, Commvault Disaster Recovery, and Metallic Cloud Storage Service represent a series of first-mover advantages, addressing critical needs like cloud transformation and ransomware."

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

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