Commvault Q1 2025 Earnings Report
Key Takeaways
Commvault announced strong Q1 2025 financial results with a 13% increase in total revenue and a 17% increase in total ARR. Subscription revenue grew by 28%, and subscription ARR increased by 27%. The company's focus on cyber resilience and data recovery solutions drove strong performance.
Total revenues increased by 13% year-over-year to $224.7 million.
Total ARR grew by 17% year-over-year to $803 million.
Subscription revenue increased by 28% year-over-year to $124.1 million.
Subscription ARR grew by 27% year-over-year to $636 million.
Commvault
Commvault
Commvault Revenue by Geographic Location
Forward Guidance
Commvault provided guidance for the second quarter and full fiscal year 2025. They expect total revenues between $218 million and $222 million for Q2 and between $915 million and $925 million for the full year. Total ARR is expected to grow 15% year over year. Subscription revenue is expected to be between $120 million and $124 million for Q2 and between $522 million and $527 million for the full year. Subscription ARR is expected to grow between 23% and 25% year over year. Non-GAAP operating margin is expected to be between 19% and 20% for Q2 and between 20% and 21% for the full year. Free cash flow is expected to be at least $200 million.
Positive Outlook
- Total revenues are expected to be between $218 million and $222 million for Q2.
- Subscription revenue is expected to be between $120 million and $124 million for Q2.
- Total revenues are expected to be between $915 million and $925 million for the full fiscal year 2025.
- Total ARR is expected to grow 15% year over year for the full fiscal year 2025.
- Subscription revenue is expected to be between $522 million and $527 million for the full fiscal year 2025.
Challenges Ahead
- Non-GAAP operating margin is expected to be between 19% and 20% for Q2.
- Subscription ARR is expected to grow between 23% and 25% year over year for the full fiscal year 2025.
- Non-GAAP operating margin is expected to be between 20% and 21% for the full fiscal year 2025.
- Free cash flow is expected to be at least $200 million for the full fiscal year 2025.
- The forward-looking statements are subject to risks and uncertainties.