How Two Brothers Raised $42 Million for A Social Media Startup Rooted In Nostalgia
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Apr 03, 2025, 04:49PM EDT
In this Forbes Talks interview, Ben and Dan Silvertown, the co-founders of Lapse, discuss their social camera app and its unique approach to social media.
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Originally formed in 1988 as part of Bell Labs, Commvault (NASDAQ: CVLT) provides enterprise software used for data backup and recovery, cloud and infrastructure management, retention, and compliance. Commvault Systems reported revenues of $275 million, up 23.2% year on year. This print exceeded analysts' expectations by 4.8%. Overall, it was a very strong quarter for the company with a solid beat of analysts' billings estimates and an impressive beat of analysts' EBITDA estimates. "It was a record-breaking year at Commvault," said Sanjay Mirchandani, President and CEO. Commvault Systems pulled off the biggest analyst estimates beat and highest full-year guidance raise of the whole group. Unsurprisingly, the stock is up 15.2% since reporting and currently trades at $190.99. Is now the time to buy Commvault Systems? Access our full analysis of the earnings results here, it's free. 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