CommVault Systems, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012; Provides Tax Rate Guidance for the Fiscal 2013 and Fiscal 2014
January 30, 2013 at 01:08 pm
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CommVault Systems, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported total revenues of $128,147,000 compared to $103,640,000 a year ago. Income from operations was $20,227,000 compared to $12,320,000 a year ago. Income before income taxes was $20,526,000 compared to $12,506,000 a year ago. Net income was $12,200,000 or $0.25 diluted per share compared to $7,160,000 or $0.15 diluted per share a year ago. Non-GAAP income from operations was $29,834,000 compared to $19,645,000 a year ago. Non-GAAP net income was $18,984,000 or $0.39 diluted per share compared to $12,692,000 or $0.27 diluted per share a year ago. Cash flow from operations during the quarter was $27,500,000.
For the nine months period, the company reported total revenues of $357,576,000 compared to $292,625,000 a year ago. Income from operations was $58,996,000 compared to $35,414,000 a year ago. Income before income taxes was $59,792,000 compared to $35,870,000 a year ago. Net income was $36,224,000 or $0.75 diluted per share compared to $22,098,000 or $0.47 diluted per share a year ago. Net cash provided by operating activities was $69,802,000 compared to $69,883,000 a year ago. Purchase of property and equipment was $5,606,000 compared to $4,417,000 a year ago. Non-GAAP income from operations was $81,302,000 compared to $52,556,000 a year ago. Non-GAAP net income was $51,722,000 or $1.08 diluted per share compared to $33,928,000 or $0.72 diluted per share a year ago.
The company provided tax rate guidance for the fiscal 2013. The company will continue to use a pro forma tax rate of 37% for fiscal 2013. The cash tax rate for fiscal 2013 is estimated to be in the range of 14% to 18%.
Commvault Systems, Inc. is a data management company. The Company offers cyber resilience platform that combines the data security and rapid recovery at enterprise scale across any workload. The Company provide these products and services for their data across many types of environments, including on-premises, hybrid and multi-cloud. Its offerings are delivered via self-managed software, software-as-a-service (SaaS), integrated appliances, or managed by partners. The Companyâs Commvault Cloud offerings are organized in three packages, such as Operational Recovery, Autonomous Recovery and Cyber Recovery. Its Operational Recovery provides backup, verifiable recovery, and cost-optimized cloud workload mobility, helping to ensure data availability and granular recovery, even across multiple clouds all managed with Commvaultâs Command Center. In addition, the Company provides customers with a range of offerings, including Cleanroom Recovery, HyperScale X, Air Gap Protect and Compliance.
CommVault Systems, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012; Provides Tax Rate Guidance for the Fiscal 2013 and Fiscal 2014