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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.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The earnings report does not include any forward guidance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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