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Sep 30, 2022
Commvault Q2 2023 Earnings Report
Announced fiscal year 2023 second quarter financial results, with software and products revenue up 10% year over year and total revenue up 6% year over year.
Key Takeaways
Commvault reported a 6% year-over-year increase in total revenue, reaching $188.1 million for the second quarter of fiscal year 2023. The company's annualized recurring revenue (ARR) grew by 11% year-over-year to $604.4 million. Software and products revenue saw a 10% increase compared to the previous year.
Total revenues for the second quarter of fiscal 2023 were $188.1 million, an increase of 6% year over year.
Annualized recurring revenue (ARR) was $604.4 million as of September 30, 2022, up 11% from September 30, 2021.
Software and products revenue was $82.8 million, an increase of 10% year over year.
On a GAAP basis, income from operations (EBIT) was $9.3 million for the second quarter compared to $2.3 million in the prior year.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
No forward guidance was provided in the press release.
Revenue & Expenses
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