Commvault Q1 2022 Earnings Report
Key Takeaways
Commvault announced its financial results for the first quarter ended June 30, 2021. Total revenues for the first quarter of fiscal 2022 were $183.4 million, an increase of 6% year over year. Annualized recurring revenue (ARR) was $532.8 million as of June 30, 2021, up 13% from June 30, 2020.
Total revenues increased by 6% year over year, reaching $183.4 million.
Annualized recurring revenue (ARR) grew by 13% year over year, totaling $532.8 million.
Software and products revenue increased by 7% year over year, driven by portfolio deals.
Operating cash flow totaled $37.2 million for the first quarter of fiscal 2022.
Commvault
Commvault
Commvault Revenue by Geographic Location
Forward Guidance
Commvault is confident that their transformation has put them in position to thrive in a post-pandemic world and achieve the financial targets laid out in January.