Commvault: Fiscal Third Quarter Earnings Overview
Commvault Systems Announces Third-Quarter Financial Results
Commvault Systems Inc., headquartered in Tinton Falls, New Jersey, revealed a net profit of $17.8 million for its fiscal third quarter.
The company reported earnings of $0.40 per share, while adjusted earnings—excluding certain one-time items—reached $1.17 per share.
These results exceeded analysts’ expectations, as six experts surveyed by Zacks Investment Research had predicted earnings of $0.98 per share.
During the quarter, Commvault generated $313.8 million in revenue, outperforming the consensus estimate of $299 million from five Zacks analysts.
Looking ahead to the quarter ending in March, Commvault anticipates revenue between $305 million and $308 million.
For the entire fiscal year, the company projects total revenue to reach $1.18 billion.
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