Quarterly ResultJul 28, 2026, 07:56 AM
Commvault Q1 Subscription Revenue Up 16% to $267M
AI Summary
Commvault Systems Inc. reported strong first-quarter fiscal 2027 financial results, driven by significant growth in subscription and SaaS revenues. The company's subscription revenue climbed 16% to $267 million, with Subscription ARR reaching $1.054 billion, up 22% year over year. Commvault also highlighted a new strategic partnership with Microsoft and provided an optimistic outlook for fiscal year 2027, including projected subscription revenue of up to $1.129 billion.
Key Highlights
- Subscription revenue increased 16% year over year to $267 million.
- Subscription Annual Recurring Revenue (ARR) grew 22% year over year to $1.054 billion.
- SaaS revenue surpassed $100 million, marking a 39% year-over-year increase.
- Free cash flow rose 71% year over year to $51 million.
- Non-GAAP diluted EPS was $1.42 for the quarter.
- Announced a multi-year strategic partnership with Microsoft.
- Forecasts full fiscal year 2027 subscription revenue between $1.119 billion and $1.129 billion.
- Repurchased approximately $10 million of common stock.
Price Impact
More from CVLT