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Commvault Systems, Inc. reports on cyber resilience software, data protection, identity resilience, and cloud recovery for enterprise environments. Company news centers on Commvault Cloud, Clumio, and Commvault Flex, including support for hyperscale cloud storage, Red Hat OpenShift Virtualization, immutable SaaS backups, air-gapped recovery, and AI-related data governance.
Recurring updates also cover subscription and SaaS revenue trends, annual recurring revenue, cash flow, partner ecosystem expansions, product demonstrations, and leadership appointments. The company sells software licenses and services to large enterprises, small and midsize businesses, and government agencies through direct sales and reseller partners.
Commvault celebrates CRN's 2024 Women of the Channel by naming 19 of its global executives to the list. These women leaders from vendor, distributor, and solution provider organizations are recognized for their vision, leadership, and commitment to innovation in the technology industry. The honorees showcase ongoing dedication to driving success for partners and customers, furthering channel excellence.
Commvault has won the 'Trailblazing Cyber Resilience' Global InfoSec Award at RSA Conference 2024 for its innovative Cloud Platform with Cleanroom Recovery technology. The award recognizes Commvault's advancements in cyber resilience, data protection, and recovery solutions for hybrid cloud environments. Commvault's powerful platform, powered by Metallic AI, enables users to predict threats faster, recover cleanly, and respond to threats swiftly at a low total cost of ownership. The platform's scalability allows customers to secure and recover data across various workloads and infrastructures globally, meeting stringent security standards, including FedRAMP High In Process certification.
Commvault, a leading provider of cyber resilience and data protection solutions, debuted at the RSA Conference 2024 with innovative cleanroom experiences for cyber recovery. Attendees can explore cutting-edge solutions at Booths #5778 and #4308, engaging in live demos, augmented reality, gaming giveaways, and exclusive events. Commvault aims to educate CISOs and IT leaders on enhancing cyber resilience in today's digital landscape.
Commvault announced its fiscal 2024 fourth-quarter financial results, showcasing a 10% total revenue growth and 15% total ARR growth. The company's Commvault Cloud platform is gaining traction with customers amidst rising cyber threats. In the fourth quarter, total revenues reached $223.3 million, subscription revenue soared to $119.9 million, and income from operations hit $18.2 million. For the full fiscal year, total revenues amounted to $839.2 million, total ARR grew to $770 million, and subscription revenue surged to $429.2 million.
Commvault is revolutionizing cleanroom technology, introducing Commvault® Cloud Cleanroom™ Recovery. This groundbreaking offering democratizes cleanroom technology, allowing companies of all sizes to affordably recover data after a cyberattack, test recovery plans on-demand, and seamlessly recover to a cloud location. The solution simplifies recovery processes, enhances security, and offers intelligent features to orchestrate rapid recovery and automate threat scanning, making it a game-changer in the realm of cyber resilience.
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