Commvault Systems, Inc. announced unaudited consolidated financial results for the third quarter and nine months ended December 31, 2016. For the quarter, the company reported total revenues of $165,841,000 against $155,696,000 a year ago. Income from operations was $1,242,000 against $3,509,000 a year ago. Income before income taxes was $1,021,000 against $3,482,000 a year ago. Net loss was $42,000 against net income of $4,878,000 a year ago. Diluted net loss per common share was $0.00 against EPS of $0.10 a year ago. Net cash provided by operating activities was $26,768,000 against $15,765,000 a year ago. Purchase of property and equipment was $2,405,000 against $1,892,000 a year ago. Non-GAAP income from operations was $21,074,000 against $20,966,000 a year ago. Non-GAAP net income was $13,326,000 against $13,192,000 a year ago. Non-GAAP diluted net income per share was $0.28 against $0.28 a year ago. Non-GAAP free cash flow was $24,363,000 against $13,873,000 a year ago.

For the nine months, the company reported total revenues of $477,587,000 against $435,561,000 a year ago. Loss from operations was $2,063,000 against $7,300,000 a year ago. Loss before income taxes was $2,488,000 against $7,405,000 a year ago. Net loss was $2,648,000 against $5,658,000 a year ago. Diluted net loss per common share was $0.06 against $0.12 a year ago. Net cash provided by operating activities was $71,054,000 against $47,234,000 a year ago. Purchase of property and equipment was $4,485,000 against $5,007,000 a year ago. Non-GAAP income from operations was $54,278,000 against $41,106,000 a year ago. Non-GAAP net income was $34,270,000 against $25,831,000 a year ago. Non-GAAP diluted net income per share was $0.74 against $0.55 a year ago. Non-GAAP free cash flow was $66,569,000 against $42,227,000 a year ago.

Commvault measured itself to non-GAAP tax rates of 37% in fiscal 2016 and will continue to measure itself to a non-GAAP tax rate of 37% in fiscal 2017.