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Jun 30, 2020
Commvault Q1 2021 Earnings Report
Commvault's Q1 2021 financial results were announced, marked by record software and products revenue and recurring revenue growth.
Key Takeaways
Commvault reported a 7% increase in total revenue year-over-year, reaching $173.0 million. Software and products revenue increased by 20%, driven by larger deals. The company's annualized recurring revenue (ARR) reached $471.6 million, a 9% increase year-over-year. GAAP net income was $2.3 million, or $0.05 per diluted share, while non-GAAP net income was $23.9 million, or $0.51 per diluted share.
Total revenues for the first quarter of fiscal 2021 were $173.0 million, an increase of 7% year over year.
Software and products revenue was $76.6 million, an increase of 20% year over year.
Annualized recurring revenue (ARR) was $471.6 million as of June 30, 2020, up 9% from June 30, 2019.
GAAP net income of $2.3 million, or $0.05 per diluted share; Non-GAAP net income of $23.9 million, or $0.51 per diluted share.
Commvault
Commvault
Commvault Revenue by Segment
Commvault Revenue by Geographic Location
Revenue by Segment
Subscription Revenue
CapyFin.comPerpetual License Revenue
CapyFin.comCustomer Support Revenue
CapyFin.comOther Services Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.com Forward Guidance
The earnings report does not include any forward guidance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income