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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 (NASDAQ: CVLT) announced a new portfolio of products and services aimed at enhancing data management across cloud and on-prem environments during the FutureReady event on July 21, 2020. The portfolio includes Commvault Backup & Recovery, Disaster Recovery, Complete Data Protection, and HyperScale X, which features built-in ransomware protection and scalability. Additionally, the company introduced flexible subscription pricing, targeting over 40% of software revenue from subscriptions. These innovations aim to support clients like McDonald's in optimizing their cloud strategies.
Commvault (NASDAQ: CVLT) will announce its financial results for the fiscal first quarter ended June 30, 2020, on July 28, 2020. A webcast and conference call will follow at 8:30 a.m. Eastern Time. Investors can access the live webcast at ir.commvault.com. Commvault specializes in data backup and recovery solutions, positioning itself as a leader in the enterprise data management sector.