Welcome to our dedicated page for Commvault Sys news (Ticker: CVLT), a resource for investors and traders seeking the latest updates and insights on Commvault Sys stock.
Commvault Systems, Inc. (NASDAQ: CVLT) is a data processing and hosting company that focuses on data and information management software and unified cyber resilience. This news page aggregates press releases and updates that show how Commvault positions its cloud-native, AI-enabled platform for data security, identity resilience, and cyber recovery across enterprise, government, and multi-cloud environments.
Readers can find news about product and service announcements, such as Commvault Cloud Unified Data Vault, which extends air-gapped, immutable protection to S3-based application and AI data, and integrations that enhance protection for modern workloads. Coverage also includes strategic partnerships, including collaborations with AWS, Pinecone, and Delinea that expand Commvault’s capabilities in sovereign cloud resilience, vector database protection for AI, and privileged access management for backup environments.
Commvault’s releases frequently highlight cloud and AI resilience milestones, such as achieving the AWS Resilience Competency in the Recovery category, being named the 2025 AWS Global Storage Partner of the Year, and participating as a launch partner for the AWS European Sovereign Cloud. Investors and technology professionals can also follow event-related news, including Commvault’s presence at conferences like Gartner IT Infrastructure, Operations & Cloud Strategies and Microsoft Ignite, where it showcases AI-enabled recovery and identity resilience features.
In addition, this page may feature corporate and financial communications, such as announcements of earnings webcast dates and leadership transitions. For anyone tracking CVLT, this news feed offers a centralized view of how Commvault communicates its strategy around data protection, cyber resilience, and AI-era workloads.
Commvault reported strong financial growth for the first quarter of fiscal 2023, with total revenue reaching $198.0 million, an 8% year-over-year increase. On a constant currency basis, revenue grew by 13%. Total recurring revenue surged 20% year-over-year, hitting $170.8 million, with annualized recurring revenue (ARR) increasing 12% to $594.5 million. The company reported diluted earnings per share of $0.08 under GAAP and $0.64 on a non-GAAP basis, with an operating cash flow of $22.4 million.
Commvault has been recognized as a "Frontrunner" and "Outperformer" in GigaOm's latest reports on hybrid cloud data protection for both large enterprises and SMBs. The platform scored top ratings in cyber resiliency, data management, and Kubernetes support. Commvault's Metallic SaaS portfolio was praised for its innovation and ability to meet the needs of diverse workloads, addressing threats like ransomware and complex regulatory requirements. This accolade underscores Commvault's commitment to delivering comprehensive and effective data solutions across various platforms.
Commvault (NASDAQ: CVLT) will host a webcast to discuss its first quarter fiscal 2023 earnings results on July 26, 2022, at 8:30 a.m. ET. Interested participants can access the call via phone or through a webcast available on Commvault's investor relations page. The company emphasizes its Intelligent Data Services Platform, which supports businesses in data management, showcasing its significance in modern data environments.
Commvault has expanded its partnership with Oracle to offer Metallic Data Management as a Service (DMaaS) on Oracle Cloud Infrastructure (OCI). This collaboration aims to enhance data protection for enterprise customers against threats while ensuring compliance with local data residency laws. Metallic DMaaS delivers improved security and simplified recovery options, facilitating seamless integration between on-premises and cloud environments. The service aims to combat ransomware and unauthorized data access across various sectors, leveraging OCI's advanced security features and storage capabilities.
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Commvault (NASDAQ: CVLT) announced today the resignation of Chief Financial Officer Brian Carolan, effective July 1, 2022. He will be succeeded by Gary Merrill, who has held various senior roles within the company, including Chief of Business Operations. The transition is aimed at ensuring continuity as Commvault seeks to leverage growth opportunities in subscription and SaaS markets. Carolan's long tenure since 2001 has contributed to the company's public offering and global expansion.
Commvault reported strong financial results for the fourth quarter and fiscal year ending March 31, 2022, with total revenues reaching $205.9 million in Q4, up 8% year over year. Annual revenues totaled $769.6 million, a 6% increase. Key highlights include a 19% rise in recurring revenue and a 12% increase in software and products revenue. Non-GAAP diluted EPS for Q4 was $0.75, while the full-year figure was $2.51. Commvault also repurchased approximately 4.3 million shares during the fiscal year and announced a new $250 million share repurchase program.
Commvault (NASDAQ: CVLT) will host a webcast to discuss its fourth quarter and fiscal year 2022 earnings results on May 3, 2022, at 8:30 a.m. ET. Investors can join via telephone at (844) 742-4247 (domestic) or (661) 378-9470 (international), with a replay available for seven days post-call. Commvault offers an Intelligent Data Services Platform, supporting over 100,000 organizations with data storage, protection, and optimization. The company has modernized its service offerings with the introduction of SaaS through its Metallic product line, enhancing customer adoption.
Commvault (NASDAQ: CVLT) has announced the launch of its Metallic® Data Management as a Service (DMaaS) solutions in Qatar, expanding its cloud-based portfolio to safeguard various workloads including SaaS applications, VMs, and databases. This initiative aims to address critical business concerns regarding cost, scalability, and security in hybrid cloud environments. Metallic solutions also support compliance with GDPR and data sovereignty regulations, providing firms with the necessary tools to monitor data storage and ensure compliance. The move follows a positive regional reception for the offerings.
Commvault (NASDAQ: CVLT) announced the General Availability of Feature Release 11.26, enhancing its Intelligent Data Services to improve security and recoverability. Key features include hardware-based security tokens, secure cloud authentication methods with AWS KMS and Azure Key Vault, and extended Disaster Recovery orchestration for larger datasets. These updates underscore Commvault's commitment to combating cyber threats, especially ransomware, across various infrastructures, including on-premises and multi-cloud environments. For detailed features, visit the official documentation.