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) delivers enterprise-grade data protection and cyber resilience solutions for modern hybrid cloud environments. This news hub provides investors and technology professionals with direct access to official press releases, financial announcements, and strategic updates from the company.
Track Commvault's latest developments including quarterly earnings reports, product innovation launches, and strategic partnerships in data security. Our curated collection ensures timely updates on critical initiatives like ransomware recovery enhancements, compliance solutions, and global expansion efforts.
Bookmark this page to monitor Commvault's progress in addressing evolving cybersecurity challenges while maintaining leadership in backup and recovery technologies. All content is sourced directly from verified corporate communications to ensure accuracy and relevance for stakeholders.
Commvault (NASDAQ: CVLT) has launched the Metallic Cloud Storage Service, integrating cloud storage for backup and recovery via Microsoft Azure. This service allows customers to easily adopt cloud storage while enhancing ransomware readiness by providing an air-gapped cloud copy. It features a single management interface, promoting data security and resiliency against cyber threats, which have surged by 400% amid the pandemic. The service is now available in North America, EMEA, and APAC, simplifying cloud management for businesses.
Commvault (NASDAQ: CVLT) is hosting a webinar on September 21, 2020, focusing on the environmental impact of data management, featuring industry experts from Forrester, Microsoft, and WeTransfer. The event aims to discuss how to manage data sustainably during Climate Week and coincides with the United Nations General Assembly. Commvault is part of the Business Avengers coalition, supporting the 17 Sustainable Development Goals, specifically SDG 12: Responsible Consumption and Production. The company emphasizes the importance of reducing the IT carbon footprint as part of its commitment to sustainability.
On September 16, 2020, Commvault (CVLT) announced a collaboration with Pure Storage to create a new reference design aimed at enhancing data management and protection. This integration combines Commvault's Complete Data Protection with Pure's FlashBlade platform, delivering a high-performance solution for rapid data recovery. The partnership responds to increasing remote work-related data challenges, facilitating compliance and cost-effective data accessibility. The technology simplifies backup and management across diverse environments, leveraging machine learning for improved analytics and risk reduction.
Commvault (NASDAQ: CVLT) has attained the AWS Outposts Ready designation, recognizing its Commvault Complete™ Data Protection as fully integrated with AWS Outposts. This designation supports businesses in implementing a hybrid cloud experience, streamlining disaster recovery strategies. Commvault’s offerings enhance data protection across various platforms, including Amazon EC2 and Amazon RDS, promoting operational efficiency and ROI through automated migration tools.
Commvault (NASDAQ: CVLT) announced on September 9, 2020, the general availability of its enhanced Intelligent Data Management portfolio, including Commvault Disaster Recovery, Backup & Recovery, and Complete Data Protection. These solutions are designed to optimize data management in cloud and on-prem environments, ensuring business continuity and data recoverability. Key features include support for major cloud platforms like Microsoft Azure and AWS. This update aims to mitigate risks associated with data loss and is aligned with increasing demands for stringent disaster recovery SLAs.
Commvault (NASDAQ: CVLT) announced new enhancements to its SaaS data protection portfolio, Metallic™, on Sept. 9, 2020. These upgrades include expanded support for Microsoft applications, advanced eDiscovery capabilities, and compliance with GDPR. The company is leveraging a strategic partnership with Microsoft to enhance performance and scalability using Azure services. Additionally, Metallic is now available in Australia and New Zealand and plans for expansion into European markets. This positions Commvault to address growing data protection demands and compliance needs for businesses worldwide.
Commvault (NASDAQ: CVLT) announced the availability of its Metallic SaaS data protection portfolio in the Microsoft Azure Marketplace, enhancing access to its data protection solutions. This offering allows customers to efficiently protect data in hybrid cloud environments with scalable and secure services. The introduction of Metallic Endpoint Backup and Recovery expands its portfolio, supporting remote work needs by offering flexible restore capabilities and unlimited cloud storage. The partnership with Microsoft aims to simplify customers' digital transformation journeys.
Commvault (NASDAQ: CVLT) announced that Metallic™, its SaaS data protection portfolio, is a finalist in the 2020 SaaS Awards for the 'Best SaaS Newcomer' category. Metallic, launched in October 2019, provides superior data protection technology, supporting numerous workloads such as VMware and SQL databases. The product has received strong customer feedback, and its Endpoint Backup & Recovery offer has gained traction during the remote work shift. Winners will be revealed on August 25, 2020.
Commvault will hold its Annual Meeting of Stockholders on August 27, 2020, at 9:00 a.m. Eastern Time via virtual attendance. Interested participants can join by webcast or phone. Investors attending will have voting rights, while phone attendees can ask questions. The meeting details, including access links, are available on the Commvault website. The company, traded on NASDAQ as CVLT, specializes in data backup and recovery.
Commvault reported first quarter fiscal 2021 results with revenues of $173.0 million, reflecting a 7% year-over-year increase. Non-GAAP income from operations stood at $32.5 million, with an EBIT margin of 18.8%. Diluted earnings per share were $0.51 on a non-GAAP basis. Total recurring revenue increased 24% year-over-year to $141.1 million, and annualized recurring revenue reached $471.6 million, a 9% increase from the previous year. The CEO highlighted improved operations and a robust go-to-market strategy.
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