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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.
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
No specific forward guidance was provided in the press release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income