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Mar 31, 2023
Commvault Q4 2023 Earnings Report
Commvault's Q4 2023 financial results were announced, featuring Metallic surpassing $100 million in ARR, a 15% year-over-year growth in total ARR, and robust cash flow.
Key Takeaways
Commvault reported Q4 2023 revenues of $203.5 million, a 1% decrease year-over-year, but a 2% increase on a constant currency basis. The company's annualized recurring revenue (ARR) reached $668.4 million, up 15% year-over-year. Loss from operations (EBIT) was $37.7 million, which includes a $53.5 million noncash impairment charge related to the pending sale of Commvault's corporate headquarters.
Total revenues decreased by 1% year-over-year to $203.5 million, while constant currency revenue increased by 2%.
Annualized recurring revenue (ARR) grew by 15% year-over-year to $668.4 million.
Software and products revenue decreased by 10% year-over-year to $90.2 million.
Loss from operations (EBIT) was $37.7 million, impacted by a $53.5 million noncash impairment charge.
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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