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Dec 31, 2020
Commvault Q3 2021 Earnings Report
Commvault's Q3 2021 financial results, featuring record quarterly revenue and increased software and products revenue.
Key Takeaways
Commvault announced its Q3 2021 financial results, reporting a record quarterly revenue of $188.0 million, a 7% increase year-over-year. Software and products revenue increased by 16% year-over-year, driven by larger deals. The company's annualized recurring revenue (ARR) reached $507.2 million, up 11% from the previous year.
Total revenues for the third quarter of fiscal 2021 were $188.0 million, an increase of 7% year over year.
Software and products revenue was $88.6 million, an increase of 16% year over year.
Annualized recurring revenue (ARR) was $507.2 million as of December 31, 2020, up 11% from December 31, 2019.
Non-GAAP EBIT was $37.3 million in the quarter compared to $28.9 million in the prior year.
Commvault
Commvault
Commvault Revenue by Segment
Commvault Revenue by Geographic Location
Revenue by Segment
Subscription Revenue
CapyFin.comPerpetual License Revenue
CapyFin.comCustomer Support Revenue
CapyFin.comOther Services Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.com Forward Guidance
Commvault will host its FutureReady Investor Event today, January 27, 2021 at 11:00 a.m. Eastern Time (8:00 a.m. Pacific Time) to discuss quarterly results, its long-term vision and strategy and provide a multi-year business outlook.
Revenue & Expenses
Visualization of income flow from segment revenue to net income