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Mar 31, 2024
Commvault Q4 2024 Earnings Report
Commvault's Q4 2024 financial results were announced, marking a strong quarter and fiscal year with significant revenue and ARR growth.
Key Takeaways
Commvault announced its Q4 and FY2024 results, with Q4 total revenue up 10% year-over-year and total ARR up 15%. For the full year, total revenue increased by 7% and total ARR grew by 15%.
Total revenues were $223.3 million, up 10% year over year.
Subscription revenue was $119.9 million, up 27% year over year.
Income from operations (EBIT) was $18.2 million, an operating margin of 8.1%.
Operating cash flow was $80.0 million, with free cash flow of $79.1 million.
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.comInternational Revenue
CapyFin.com Forward Guidance
Commvault provided guidance for the first quarter and full fiscal year 2025. They expect total revenues between $213 million and $216 million for Q1 2025, and between $904 million and $914 million for the full year. Total ARR is expected to grow 14% year over year.
Positive Outlook
- Total revenues are expected to be between $213 million and $216 million for Q1 2025.
- Subscription revenue is expected to be between $116 million and $119 million for Q1 2025.
- Non-GAAP operating margin is expected to be between 18% to 19% for Q1 2025.
- Total revenues are expected to be between $904 million and $914 million for FY 2025.
- Free cash flow is expected to be at least $200 million for FY 2025.
Revenue & Expenses
Visualization of income flow from segment revenue to net income