Quarterly ResultJul 29, 2026, 02:26 PM
Commvault Q1 Revenue Up 11.4% to $314.1M; EPS $0.50
AI Summary
Commvault Systems reported Q1 2026 revenues of $314.1 million, an 11.4% increase year-over-year, driven by strong subscription revenue growth. However, net income decreased to $21.1 million, resulting in diluted EPS of $0.50, down from $0.52 in the prior year. The company also disclosed new shareholder legal proceedings and repurchased $10.1 million of common stock during the quarter, while cash and cash equivalents increased to $929.8 million.
Key Highlights
- Total revenues increased 11.4% to $314.1 million for Q1 2026.
- Net income decreased to $21.1 million from $23.5 million year-over-year.
- Diluted EPS was $0.50, down from $0.52 in the prior year quarter.
- Subscription revenue grew to $267.0 million from $229.3 million.
- Repurchased $10.1 million of common stock in the quarter.
- Cash and cash equivalents rose to $929.8 million as of June 30, 2026.
- Shareholder legal proceedings were filed in May and June 2026.
- Total stockholders' equity increased to $52.1 million.
Price Impact
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