Latest news with #SanjayMirchandani
Techday NZ
31-07-2025
- Business
- Techday NZ
Commvault revenue rises 26% to USD $282 million in first quarter
Commvault has reported its financial results for the first quarter of fiscal 2026, noting an increase in total revenue and annualised recurring revenue. Financial performance The company posted record total revenue of USD $282 million for the quarter ending 30 June 2025, representing a 26% increase compared with the same period in the previous year. Annualised recurring revenue (ARR) rose to USD $996 million, up 24% year-on-year. On a constant currency basis using 31 March 2025 spot rates, ARR increased by 21%. Subscription revenue for the quarter reached USD $182 million, a 46% year-over-year increase. This figure includes term-based license revenue of USD $109 million, up 36%, and SaaS revenue of USD $72 million, up 66% over the same period in the prior fiscal year. Subscription ARR stood at USD $844 million, marking a 33% rise year-on-year, or a 30% increase on a constant currency basis. Income from operations (EBIT) for the quarter was USD $25 million, with an operating margin of 8.9%. On a non-GAAP basis, EBIT was USD $58 million, reflecting an operating margin of 20.7%. Operating cash flow was reported at USD $32 million, and free cash flow stood at USD $30 million. Executive perspective "Commvault delivered a strong start to the fiscal year, fueled by customer growth, disciplined execution, and rising demand for our industry-leading cyber resilience platform," said Sanjay Mirchandani, President and CEO, Commvault. "With a best-in-class partner ecosystem and continuous innovation that we believe sets us apart, we are well-positioned to continue to take share in fiscal 2026 and beyond." Operational highlights For the 14th consecutive time, Commvault has been named a Leader in the Gartner Magic Quadrant for Backup and Data Protection Platforms. In the first quarter, the company enhanced partnerships with organisations such as CrowdStrike, Deloitte, HPE, and Kyndryl, with the aim of strengthening incident response capabilities and cyber resilience for customers. The company also expanded its post quantum computing capabilities, focusing on supporting customers to protect highly sensitive, long-term data against evolving cyber threats. Commvault Cloud achieved GovRAMP Authorised status at the state level for its cyber resilience SaaS solutions, in addition to its existing FedRAMP High authorisation at the federal level. Guidance for the coming periods Commvault has provided financial guidance for the second quarter of fiscal 2026, accounting for current macroeconomic conditions. The company expects total revenues to be between USD $272 million and USD $274 million. Subscription revenue is forecast to range from USD $174 million to USD $176 million. Non-GAAP gross margin is anticipated to be between 81% and 82%, with a non-GAAP EBIT margin of approximately 20%. For the full fiscal year 2026, Commvault projects total revenues between USD $1,161 million and USD $1,165 million. Total ARR is forecast to grow 18% year-over-year, while subscription revenue is expected to be between USD $753 million and USD $757 million. Subscription ARR is predicted to grow 24% year-over-year. Non-GAAP gross margin is expected to remain between 81% and 82%, while non-GAAP EBIT margin is forecast at approximately 20.5%. Free cash flow for the full year is anticipated to be between USD $210 million and USD $215 million. These forecasts are based on actual first quarter results, current targets, and the pending acquisition of Satori Cyber, which is expected to close in the second quarter of fiscal 2026. The company noted that these statements are forward looking and subject to adjustments should conditions change. "Actual results may differ materially from anticipated results," the company stated. "We do not undertake any obligation to update these forward-looking statements."
Yahoo
25-06-2025
- Business
- Yahoo
Commvault Systems's Q1 Earnings Call: Our Top 5 Analyst Questions
Commvault's first quarter results reflected solid execution, with management attributing growth to strong demand for cyber resilience solutions and continued traction in cloud-based offerings. CEO Sanjay Mirchandani pointed to rapid adoption of new products like Active Directory forest-level recovery and Cloud Rewind, as well as expanding relationships with large enterprise customers across financial services and regulated industries. The company cited its ability to help organizations address complex compliance needs and recover quickly from cyberattacks as key drivers of new business and customer expansion. Is now the time to buy CVLT? Find out in our full research report (it's free). Revenue: $275 million vs analyst estimates of $262.4 million (23.2% year-on-year growth, 4.8% beat) Adjusted EPS: $1.03 vs analyst estimates of $0.93 (11% beat) Adjusted Operating Income: $59.1 million vs analyst estimates of $53.97 million (21.5% margin, 9.5% beat) Revenue Guidance for Q2 CY2025 is $268 million at the midpoint, above analyst estimates of $263.2 million Operating Margin: 9.7%, up from 8.1% in the same quarter last year Annual Recurring Revenue: $930.1 million at quarter end, up 20.8% year on year Billings: $313 million at quarter end, up 28% year on year Market Capitalization: $7.6 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Eric Heath (KeyBanc Capital Markets) asked about macroeconomic impacts on customer buying and sales cycles. CEO Sanjay Mirchandani responded that cyber resilience remains a top priority for clients, with no significant change in sales cycle length or close rates from the previous quarter. Aaron Rakers (Wells Fargo) inquired about the integration and momentum from the Commvault acquisition. CFO Jen DiRico indicated that the business is fully integrated and contributes unique capabilities, especially in handling large cloud datasets, though specific numbers were not disclosed. Param Singh (Oppenheimer) questioned competitive dynamics following industry consolidation and how Commvault differentiates itself. Mirchandani emphasized the company's hybrid approach and focus on resilience, noting strong double-digit growth as evidence of market share gains. Rudy Kessinger (DA Davidson) sought clarity on ARR seasonality and productivity assumptions in guidance. DiRico explained that net new ARR is expected to follow typical quarterly patterns, with guidance reflecting prudent macro assumptions but confidence in the durability of the business model. James Fish (Piper Sandler) asked about international growth and the durability of regulatory-driven demand. Management stated that compliance-driven projects are ongoing and not a one-time event, with balanced growth expected across regions. In the coming quarters, the StockStory team will be monitoring (1) the pace of multi-product adoption among existing customers, (2) ongoing growth in SaaS ARR as Commvault expands its platform, and (3) the company's ability to leverage technology and reseller partnerships to drive new wins. The evolution of regulatory requirements and customer needs in data security will also be important factors to watch. Commvault Systems currently trades at $173.38, up from $165.72 just before the earnings. At this price, is it a buy or sell? Find out in our full research report (it's free). The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Techday NZ
25-06-2025
- Business
- Techday NZ
HPE & Commvault expand partnership to boost data resilience
HPE and Commvault have announced an expanded strategic partnership aimed at enhancing cyber resilience and data protection for organisations operating in hybrid cloud environments. The strengthened collaboration will see deeper technology integration and joint go-to-market strategies, targeting growing challenges such as cyber threats and data loss. The partnership builds on previous work between the two companies, which includes collaboration across HPE's GreenLake cloud and the Commvault Cloud platform. Technology integration As part of the expanded agreement, Commvault will integrate HPE Zerto Software into its offering. This addition supports Commvault Cloud customers in managing complex virtualised on-premises and cloud workloads. HPE Zerto offers Continuous Data Protection technology that delivers near-zero recovery point objectives and recovery time objectives, supporting greater operational resilience. Customers using Commvault Cloud will be able to leverage HPE Zerto's capabilities to adjust their cyber resilience and disaster recovery strategies according to their business needs, increasing flexibility and response capabilities in increasingly complex computing environments. "The expanded partnership with Commvault underscores our shared commitment to solve the most complex data protection challenges that enterprises face," said Fidelma Russo, Executive Vice President and General Manager of Hybrid Cloud and CTO at HPE. "Our combined innovations set a new standard for data resilience, helping customers navigate a rapidly evolving threat landscape." Sanjay Mirchandani, President and CEO of Commvault, said, "This partnership builds on the long history of co-innovation between Commvault and HPE. At a time when data is more valuable and vulnerable than ever, our collaboration is empowering customers to keep their business continuous by advancing their resilience and protection of hybrid workloads." Broader portfolio coverage The companies will also deliver enhanced integration between HPE's storage and data protection solutions and the Commvault Cloud portfolio. The focus is on safeguarding sensitive data, protecting against ransomware threats, and ensuring organisations can recover quickly from operational disruptions. For HPE customers seeking a cloud-based data protection solution, Commvault Cloud SaaS forms a key part of the new joint portfolio, offering coverage from edge-to-cloud and handling both source-to-target needs. Cyber threat response Organisations face increasing risks from ransomware, AI-driven cyber attacks, and evolving threat actors, requiring robust cyber resilience as part of any data strategy. Under the renewed partnership, HPE and Commvault plan to introduce a range of combined capabilities designed to address these ongoing challenges. The companies outlined three key joint innovations: Ultra resilience: HPE Alletra Storage MP B10000 features built-in ransomware detection, snapshot immutability, and air-gapped protection via HPE Cyber Resilience Vault. These capabilities integrate with Commvault Cloud's AI-enhanced anomaly detection and threat scanning, aiming to improve readiness and response to cyber threats. HPE Alletra Storage MP B10000 features built-in ransomware detection, snapshot immutability, and air-gapped protection via HPE Cyber Resilience Vault. These capabilities integrate with Commvault Cloud's AI-enhanced anomaly detection and threat scanning, aiming to improve readiness and response to cyber threats. Fast, clean recovery: Integrating HPE Alletra Storage MP X10000 – which uses data protection accelerator nodes – with Commvault Cloud allows enterprises to restore operations swiftly after an incident. This integration is intended to speed up recovery using rapid storage, high data reduction rates, and broad protection for hybrid cloud workloads. Integrating HPE Alletra Storage MP X10000 – which uses data protection accelerator nodes – with Commvault Cloud allows enterprises to restore operations swiftly after an incident. This integration is intended to speed up recovery using rapid storage, high data reduction rates, and broad protection for hybrid cloud workloads. Geographic protection: Commvault Cloud can coordinate snapshots and backups for two synchronously replicated HPE Alletra Storage MP B10000 arrays in separate regions. This approach aims to simplify workflows and improve recoverability for critical enterprise datasets. Ongoing collaboration The partnership builds on several existing integrations, including support for HPE StoreOnce backup appliances, HPE Storage Tape solutions for extended data retention, and HPE Morpheus VM Essentials Software for virtualised environments. The companies state that this collaborative work has been conducted with the goal of helping enterprises modernise their data protection strategies. HPE and Commvault's combined suite of services is intended to address data protection and cyber resilience at all stages of the enterprise data lifecycle. Through their joint work, the firms aim to help organisations mitigate risk, upgrade infrastructure, and sustain operational continuity in even the most complex hybrid and multicloud set-ups. Follow us on: Share on:
Business Wire
24-06-2025
- Business
- Business Wire
HPE and Commvault Strengthen Strategic Partnership to Deliver Industry-Leading Cyber Resilience Solutions
LAS VEGAS--(BUSINESS WIRE)-- HPE Discover 2025 – HPE (NYSE: HPE) and Commvault (NASDAQ: CVLT), a leader in cyber resilience and data protection solutions for the hybrid cloud, today announced an expanded strategic partnership to combat the increasing challenges of cyber threats and data loss. Building on a longstanding collaboration across GreenLake cloud and the Commvault Cloud platform, the enhanced partnership deepens technology integration and joint go-to-market to deliver advanced cyber resilience, data protection, and disaster recovery capabilities for enterprise hybrid cloud environments. In addition to its own robust offerings, Commvault will integrate and offer HPE Zerto Software to support Commvault Cloud customers in managing demanding virtualized on-premises and cloud workloads. Leveraging sophisticated Continuous Data Protection technology, HPE Zerto delivers near-zero recovery point objectives (RPOs) and recovery time objectives (RTOs) ensuring operational resilience. Adding HPE Zerto capabilities to Commvault Cloud gives customers added flexibility to tailor their cyber resilience and disaster recovery strategy to meet the needs of their business. 'The expanded partnership with Commvault underscores our shared commitment to solve the most complex data protection challenges that enterprises face,' said Fidelma Russo, executive vice president and general manager of Hybrid Cloud and CTO at HPE. 'Our combined innovations set a new standard for data resilience, helping customers navigate a rapidly evolving threat landscape.' Sanjay Mirchandani, president and CEO of Commvault, added, 'This partnership builds on the long history of co-innovation between Commvault and HPE. At a time when data is more valuable and vulnerable than ever, our collaboration is empowering customers to keep their business continuous by advancing their resilience and protection of hybrid workloads.' The companies are also introducing enhanced integration between the HPE storage and data protection and Commvault Cloud portfolios to safeguard sensitive data, protect against ransomware, and ensure seamless recovery from disruptions. For HPE customers seeking a turnkey cloud-based solution that provides robust protection of hybrid, cloud-native, and SaaS workloads, Commvault Cloud SaaS is an integral part of the joint portfolio that spans from edge-to-cloud and source-to-target. Addressing Cyber Threats with Enhanced Solutions Ransomware, AI-driven attacks, and other cyber threats are compelling enterprises to prioritize cyber resilience as a critical component of their data protection strategies. As part of the expanded partnership, HPE and Commvault intend to introduce key joint innovations to neutralize the evolving threat landscape: Ultra Resilience: The combination of HPE Alletra Storage MP B10000 with built-in ransomware detection and snapshot immutability, HPE Cyber Resilience Vault with air-gapped protection, and Commvault Cloud AI-enhanced anomaly detection and threat scanning provides unmatched resilience and peace of mind. Fast, Clean Recovery: The integration of HPE Alletra Storage MP X10000 featuring data protection accelerator nodes with Commvault Cloud enables enterprises to return to operation safely and rapidly after an incident. It brings together blazing fast storage, typical 20-to-1 data reduction, and the broadest protection across hybrid cloud workloads. Geographic Protection: Commvault Cloud seamlessly orchestrates simultaneous snapshots and local backups for two synchronously replicated HPE Alletra Storage MP B10000 arrays, located in different geographical regions. This integration significantly streamlines data protection workflows and delivers unparalleled recoverability for critical enterprise data. Building on an Established Portfolio This partnership is based on deep collaboration and innovation to help enterprises modernize their data protection strategies, including integrations with HPE StoreOnce backup appliances and HPE Storage Tape solutions for highly cost-effective, long-term data retention, as well as advanced image-based protection for virtualized environments through HPE Morpheus VM Essentials Software. Together, HPE and Commvault are delivering an expansive suite of solutions that tackle data protection and cyber resilience challenges head-on, at every stage of the enterprise data lifecycle. The expertise of the two companies helps customers minimize risk, modernize infrastructure, and achieve operational continuity in the most complex hybrid and multicloud environments. Additional Resources HPE Zerto Software Commvault Cloud HPE Alletra Storage MP B10000 HPE Alletra Storage MP X10000 About HPE HPE (NYSE: HPE) is a global technology leader focused on developing intelligent solutions that allow customers to capture, analyze, and act upon data seamlessly. The company innovates across networking, hybrid cloud, and AI to help customers develop new business models, engage in new ways, and increase operational performance. For more information, visit: About Commvault Commvault (NASDAQ: CVLT) is the gold standard in cyber resilience, helping more than 100,000 organizations keep data safe and businesses resilient and moving forward. Today, Commvault offers the only cyber resilience platform that combines the best data security and rapid recovery at enterprise scale across any workload, anywhere—at the lowest TCO.
Yahoo
24-06-2025
- Business
- Yahoo
HPE and Commvault Strengthen Strategic Partnership to Deliver Industry-Leading Cyber Resilience Solutions
Commvault Cloud and HPE's storage and data protection portfolio provide comprehensive enterprise-grade protection against cyber threats and data loss LAS VEGAS, June 24, 2025--(BUSINESS WIRE)--HPE Discover 2025 – HPE (NYSE: HPE) and Commvault (NASDAQ: CVLT), a leader in cyber resilience and data protection solutions for the hybrid cloud, today announced an expanded strategic partnership to combat the increasing challenges of cyber threats and data loss. Building on a longstanding collaboration across GreenLake cloud and the Commvault Cloud platform, the enhanced partnership deepens technology integration and joint go-to-market to deliver advanced cyber resilience, data protection, and disaster recovery capabilities for enterprise hybrid cloud environments. In addition to its own robust offerings, Commvault will integrate and offer HPE Zerto Software to support Commvault Cloud customers in managing demanding virtualized on-premises and cloud workloads. Leveraging sophisticated Continuous Data Protection technology, HPE Zerto delivers near-zero recovery point objectives (RPOs) and recovery time objectives (RTOs) ensuring operational resilience. Adding HPE Zerto capabilities to Commvault Cloud gives customers added flexibility to tailor their cyber resilience and disaster recovery strategy to meet the needs of their business. "The expanded partnership with Commvault underscores our shared commitment to solve the most complex data protection challenges that enterprises face," said Fidelma Russo, executive vice president and general manager of Hybrid Cloud and CTO at HPE. "Our combined innovations set a new standard for data resilience, helping customers navigate a rapidly evolving threat landscape." Sanjay Mirchandani, president and CEO of Commvault, added, "This partnership builds on the long history of co-innovation between Commvault and HPE. At a time when data is more valuable and vulnerable than ever, our collaboration is empowering customers to keep their business continuous by advancing their resilience and protection of hybrid workloads." The companies are also introducing enhanced integration between the HPE storage and data protection and Commvault Cloud portfolios to safeguard sensitive data, protect against ransomware, and ensure seamless recovery from disruptions. For HPE customers seeking a turnkey cloud-based solution that provides robust protection of hybrid, cloud-native, and SaaS workloads, Commvault Cloud SaaS is an integral part of the joint portfolio that spans from edge-to-cloud and source-to-target. Addressing Cyber Threats with Enhanced Solutions Ransomware, AI-driven attacks, and other cyber threats are compelling enterprises to prioritize cyber resilience as a critical component of their data protection strategies. As part of the expanded partnership, HPE and Commvault intend to introduce key joint innovations to neutralize the evolving threat landscape: Ultra Resilience: The combination of HPE Alletra Storage MP B10000 with built-in ransomware detection and snapshot immutability, HPE Cyber Resilience Vault with air-gapped protection, and Commvault Cloud AI-enhanced anomaly detection and threat scanning provides unmatched resilience and peace of mind. Fast, Clean Recovery: The integration of HPE Alletra Storage MP X10000 featuring data protection accelerator nodes with Commvault Cloud enables enterprises to return to operation safely and rapidly after an incident. It brings together blazing fast storage, typical 20-to-1 data reduction, and the broadest protection across hybrid cloud workloads. Geographic Protection: Commvault Cloud seamlessly orchestrates simultaneous snapshots and local backups for two synchronously replicated HPE Alletra Storage MP B10000 arrays, located in different geographical regions. This integration significantly streamlines data protection workflows and delivers unparalleled recoverability for critical enterprise data. Building on an Established Portfolio This partnership is based on deep collaboration and innovation to help enterprises modernize their data protection strategies, including integrations with HPE StoreOnce backup appliances and HPE Storage Tape solutions for highly cost-effective, long-term data retention, as well as advanced image-based protection for virtualized environments through HPE Morpheus VM Essentials Software. Together, HPE and Commvault are delivering an expansive suite of solutions that tackle data protection and cyber resilience challenges head-on, at every stage of the enterprise data lifecycle. The expertise of the two companies helps customers minimize risk, modernize infrastructure, and achieve operational continuity in the most complex hybrid and multicloud environments. Additional Resources HPE Zerto Software Commvault Cloud HPE Alletra Storage MP B10000 HPE Alletra Storage MP X10000 About HPE HPE (NYSE: HPE) is a global technology leader focused on developing intelligent solutions that allow customers to capture, analyze, and act upon data seamlessly. The company innovates across networking, hybrid cloud, and AI to help customers develop new business models, engage in new ways, and increase operational performance. For more information, visit: About Commvault Commvault (NASDAQ: CVLT) is the gold standard in cyber resilience, helping more than 100,000 organizations keep data safe and businesses resilient and moving forward. Today, Commvault offers the only cyber resilience platform that combines the best data security and rapid recovery at enterprise scale across any workload, anywhere—at the lowest TCO. View source version on Contacts Media Contact: Victor O' Kevin Komiegakkomiega@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
