Commvault Systems reported fiscal first-quarter 2027 results for the period ended June 30, 2026. Total revenues were $314.1 million, up 11% year over year, driven by subscription revenue of $267.0 million, up 16%. SaaS revenue surpassed $100 million, rising 39%.
Subscription annualized recurring revenue reached $1,054 million, up 22%, and subscription net dollar retention was 114%, reflecting expansion within the existing subscription customer base as defined by the company. GAAP income from operations was $25.7 million (8.2% margin), while non-GAAP EBIT was $71.5 million (22.8% margin). GAAP diluted EPS was $0.50; non-GAAP diluted EPS was $1.42.
Operating cash flow was $51.7 million and non-GAAP free cash flow $51.1 million, up 71% year over year. Cash and cash equivalents totaled $929.8 million against $881.9 million of convertible notes. Revenue grew in both regions, with Americas up 9% and International up 15%. Management guided fiscal 2027 subscription revenue to $1,119–$1,129 million, subscription ARR to $1,200–$1,210 million, non-GAAP EBIT margin to about 21%, and free cash flow to $250–$260 million, and highlighted a multi-year strategic partnership with Microsoft Azure.
COMMVAULT SYSTEMS INC Chief Accounting Officer Danielle Nicole Abrahamsen sold 254 shares of common stock in an open-market transaction at $150.00 per share. After the sale on July 2, 2026, she directly held 13,156 shares. The sale was executed under an existing Rule 10b5-1 trading plan adopted on February 17, 2026, indicating it was pre-scheduled rather than a discretionary trade.
Danielle N. Abrahamsen filed a Form 144 reporting proposed sales of Common Stock and disclosing multiple recent dispositions. The filing lists proposed restricted‑stock vesting events on 08/15/2025 and 11/15/2025 and shows executed open‑market sales in May 2026, including 925 shares on 05/18/2026 for $96,678.37 and 1,065 shares on 05/19/2026 for $112,724.62.
Abrahamsen Danielle Nicole reported acquisition or exercise transactions in this Form 4 filing.
COMMVAULT SYSTEMS INC Chief Accounting Officer Danielle Nicole Abrahamsen received an award of 244 shares of common stock on a Form 4-coded grant transaction. The shares were granted at no cost as part of her equity compensation.
According to the footnote, the award reflects performance stock units earned based on performance criteria and still subject to additional time-based vesting. These PSUs are scheduled to vest on August 15, 2026, with each unit delivering one share of common stock. After this grant, she directly holds 13,410 shares of Commvault stock, indicating a relatively modest, routine compensation-related increase rather than an open-market purchase.
Commvault Systems, Inc. is holding its 2026 virtual annual meeting on August 6, 2026, for stockholders of record as of June 12, 2026. Stockholders are being asked to elect seven directors, approve an advisory vote on executive compensation, ratify Ernst & Young LLP as auditor, and approve the 2026 Equity Plan.
The company reports fiscal 2026 total revenue up 19% to $1.184 billion and total annual recurring revenue of $1.122 billion, along with GAAP EBIT of $74.0 million and cash from operations of $245 million. Commvault returned $446 million to stockholders via share repurchases and emphasizes a pay-for-performance program with significant performance-based equity for executives.
Governance updates include an AI Governance Council and training aligned with the NIST AI Risk Management Framework, expanded enterprise risk management, a formal investment policy, and strengthened cybersecurity leadership. Sustainability initiatives feature a full Scope 1–3 emissions assessment and a commitment to net‑zero targets through the Science-Based Targets initiative.
COMMVAULT SYSTEMS INC President & CEO Sanjay Mirchandani reported an internal share transfer classified as a bona fide gift. On June 11, 2026, he transferred 40,734 shares of common stock from his direct holdings to the "Sanjay S. Mirchandani 2026 GRAT," a grantor retained annuity trust for his and his children’s benefit. After the transfer, he directly holds 281,810 shares and indirectly holds 40,734 shares through the trust. The filing notes this is not a market transaction and no price was involved.
COMMVAULT SYSTEMS INC Chief Accounting Officer Danielle Nicole Abrahamsen reported a mix of stock compensation and sales in recent transactions. She received 328 shares of common stock on May 21, 2026 at no cash cost, issued under a performance stock unit award tied to total shareholder return versus the Russell 3000 index.
She then sold 101 shares on May 22, 2026 at $107.391 per share and 277 shares on May 26, 2026 at $106.70 per share. Footnotes state that a portion of the shares was automatically sold solely to satisfy tax withholding obligations on vesting, with proceeds remitted to the IRS, and that the sale reported here was executed under an existing Rule 10b5-1 trading plan adopted on February 17, 2026.
After these transactions, she directly holds 13,166 shares of Commvault common stock, indicating that only a small part of her overall position was involved.
COMMVAULT SYSTEMS INC Chief Financial Officer Gary Merrill reported a mix of stock grants and sales. On May 21, 2026, he acquired 5,647 and 2,952 shares of common stock at $0.00 per share as grants tied to the company’s total shareholder return versus the Russell 3000 index under prior performance stock unit awards. He then completed open-market sales of 3,777 shares on May 22, 2026 at $107.391 per share and 4,554 shares on May 26, 2026 at $106.70 per share. A footnote states that one sale was effected under an existing Rule 10b5-1 trading plan. After these transactions, Merrill directly holds 72,775 shares of Commvault common stock.