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Mar 31, 2020
Commvault Q4 2020 Earnings Report
Commvault's Q4 2020 financial results were announced, revealing a revenue decrease of 9% year-over-year, impacted by the pandemic, but the company expressed confidence in its long-term strategy and opportunities.
Key Takeaways
Commvault announced its Q4 2020 financial results, with total revenues of $164.7 million, a 9% decrease year-over-year. The company reported a net income of $8.9 million, which includes a $10.0 million tax benefit from the CARES Act, and a non-GAAP EPS of $0.30. Despite the impact of the pandemic, Commvault remains confident in its long-term opportunities and strategy.
Total revenues for the fourth quarter of fiscal 2020 were $164.7 million, a decrease of 9% year-over-year.
Software and products revenue was $66.4 million, an 18% decrease year-over-year.
Services revenue was $98.3 million, a 2% decrease year-over-year.
Net income for the quarter was $8.9 million, including a $10.0 million tax benefit from the CARES Act.
Commvault
Commvault
Commvault Revenue by Segment
Commvault Revenue by Geographic Location
Revenue by Segment
Customer Support Revenue
CapyFin.comOther Services Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.com Forward Guidance
Commvault did not provide specific forward guidance in this earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income