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Dec 31, 2022
Commvault Q3 2023 Earnings Report
Commvault's Q3 2023 financial results were announced, revealing a mix of challenges and growth opportunities.
Key Takeaways
Commvault announced its Q3 2023 financial results, with total revenues of $195.1 million, a decrease of 4% year over year. The company's ARR grew by 14% year over year, reaching $640.7 million, driven by Metallic. GAAP income from operations was $5.0 million, while non-GAAP income from operations was $38.5 million. Diluted loss per share was $(0.01), while non-GAAP diluted earnings per share was $0.62.
Total revenues decreased by 4% year over year to $195.1 million.
Annualized recurring revenue (ARR) increased by 14% year over year to $640.7 million.
Software and products revenue decreased by 9% year over year to $89.6 million.
Non-GAAP diluted earnings per share was $0.62.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
No specific forward guidance was provided in the press release.
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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