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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.
Revenue by Segment
Revenue by Geographic Location
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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