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Dec 31, 2019
Commvault Q3 2020 Earnings Report
Commvault's Q3 2020 financial results were announced, revealing a mix of challenges and progress.
Key Takeaways
Commvault reported a total revenue of $176.4 million, a 4% decrease year-over-year. The company experienced a GAAP net loss of $0.7 million, or $0.01 per diluted share, but a non-GAAP net income of $21.7 million, or $0.47 per diluted share. Despite the revenue decline, subscription and utility ACV grew 56% year-over-year.
Total revenues decreased by 4% year-over-year to $176.4 million.
Subscription and utility ACV increased by 56% year-over-year, reaching approximately $140.0 million.
GAAP net loss was $0.7 million, or $0.01 per diluted share.
Non-GAAP net income was $21.7 million, or $0.47 per diluted share.
Revenue by Geographic Location
Forward Guidance
The press release does not contain specific forward guidance. It expresses optimism about the company's priorities and their potential for future growth.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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