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Sep 30, 2020
Commvault Q2 2021 Earnings Report
Commvault's financial performance for Q2 2021, featuring increased ARR and software and products revenue, but a GAAP loss due to impairment charges.
Key Takeaways
Commvault announced its financial results for the second quarter ended September 30, 2020. Total revenues for the second quarter of fiscal 2021 were $171.1 million, an increase of 2% year over year. Annualized recurring revenue (ARR) was $483.5 million, up 9% from the previous year. On a GAAP basis, loss from operations was $42.0 million, while non-GAAP EBIT was $28.9 million.
Total revenues increased by 2% year over year to $171.1 million.
Annualized recurring revenue (ARR) grew by 9% year over year, reaching $483.5 million.
Software and products revenue increased by 5% year over year to $72.3 million.
GAAP loss from operations was $42.0 million, impacted by non-cash impairment charges, while non-GAAP EBIT was $28.9 million.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company is on track to deliver continued growth and operating margin expansion.
Positive Outlook
- The Commvault portfolio has never been stronger.
- New product announcements including Commvault HyperScale X.
- New product announcements including Commvault Disaster Recovery.
- New product announcements including Metallic Cloud Storage Service.
- Addressing critical needs like cloud transformation and ransomware.
Challenges Ahead
- Competitive factors.
- Difficulties and delays inherent in the development, manufacturing, marketing and sale of software products and related services.
- General economic conditions.
- Outcome of litigation.
- Other risks and uncertainties affecting Commvault's business.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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