CommVault Systems Q3 Earnings Beat Estimates Despite Decline

CommVault Systems, Inc. reported its Q3 earnings, showing a decline compared to last year but exceeding analysts' expectations. Earnings were $0.24 per share, surpassing the expected $0.87 adjusted EPS, indicating positive investor sentiment.

Date: 28-01-2025

AI Rating: 7

Earnings Per Share (EPS): CommVault reported GAAP earnings of $0.24 per share, a decrease from $0.38 per share last year. However, adjusted EPS of $0.94 exceeded analysts' expectations of $0.87, indicating a strong performance relative to market predictions.

Revenue Growth: The company experienced a 21.1% increase in revenue, reaching $262.63 million compared to $216.81 million last year. This growth reflects positively on the company's operational success despite lower earnings.

Guidance: CommVault's guidance for next quarter revenue is between $260 million to $264 million, and for the full year, the company expects revenue between $980 million and $985 million. This guidance suggests continued growth potential and provides a stable outlook for investors. Overall, the contrast between decreased earnings and increased revenue along with positive guidance should be observed closely by investors as it may influence stock performance.

Stocks: CVLT