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