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Dec 31, 2021
Commvault Q3 2022 Earnings Report
Commvault announced its financial results for the third quarter ended December 31, 2021, with record total revenue up 8% year over year and annualized recurring revenue (ARR) up 11% year over year.
Key Takeaways
Commvault reported a strong third quarter with record total revenue of $202.4 million, an 8% increase year over year. The company's annualized recurring revenue (ARR) reached $561.2 million, up 11% year over year, driven by the increasing adoption of its software and SaaS offerings.
Total revenues for the third quarter of fiscal 2022 were $202.4 million, an increase of 8% year over year.
Annualized recurring revenue (ARR) was $561.2 million as of December 31, 2021, up 11% from December 31, 2020.
Software and products revenue was $98.6 million, an increase of 11% year over year, driven by a 24% increase in larger deals.
Operating cash flow totaled $26.8 million for the third quarter of fiscal 2022 compared to $17.0 million in the prior year quarter.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Commvault will host a conference call today, January 25, 2022 at 8:30 a.m. Eastern Time (5:30 a.m. Pacific Time) to discuss quarterly results.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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