Commvault Systems, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
April 30, 2024 at 12:46 pm
Share
Commvault Systems, Inc. reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported revenue was USD 223.29 million compared to USD 203.48 million a year ago. Net income was USD 126.12 million compared to net loss of USD 43.49 million a year ago. Basic earnings per share from continuing operations was USD 2.89 compared to basic loss per share from continuing operations of USD 0.98 a year ago. Diluted earnings per share from continuing operations was USD 2.81 compared to diluted loss per share from continuing operations of USD 0.98 a year ago.
For the full year, revenue was USD 839.25 million compared to USD 784.59 million a year ago. Net income was USD 168.91 million compared to net loss of USD 35.77 million a year ago. Basic earnings per share from continuing operations was USD 3.85 compared to basic loss per share from continuing operations of USD 0.8 a year ago. Diluted earnings per share from continuing operations was USD 3.75 compared to diluted loss per share from continuing operations of USD 0.8 a year ago.
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. 
