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 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.
Visualization of income flow from segment revenue to net income