Commvault Systems Earnings Call Transcripts
Fiscal Year 2026
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The company is leveraging a platform approach to drive cross-sell and multi-product adoption, with strong ARR and SaaS growth supported by robust free cash flow and margin performance. AI, security, and hybrid complexity are key market tailwinds, while a unified customer lifecycle strategy and hardware-agnostic model differentiate it in the enterprise segment.
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Q4 and FY 2026 saw robust SaaS-driven growth, record free cash flow, and expanding margins. FY 2027 guidance targets 18–19% subscription ARR growth, continued SaaS momentum, and strong capital returns, with AI and identity resilience as key drivers.
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Q3 saw 19% revenue growth, record SaaS and term software customer additions, and strong ARR gains. Guidance for Q4 and FY26 was raised, with continued margin expansion and robust free cash flow expected. Innovation and customer adoption of new platforms remain strong.
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Achieved $1B ARR and 22% growth two quarters early, with SaaS ARR up 56% and strong free cash flow. FY26 guidance raised for ARR and cash flow, with SaaS now 60% of Net New ARR and continued investment in innovation and security.
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Strong Q1 results with 24% ARR and 26% revenue growth, driven by SaaS and subscription momentum. FY 2026 guidance raised, with continued investment in AI/data security and expanded partnerships. Satori Cyber acquisition to enhance platform capabilities.
Fiscal Year 2025
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The meeting covered director elections, executive compensation, auditor ratification, and an incentive plan share increase, with all proposals approved by over 94% of voting shares. No questions or comments were raised by stakeholders.
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Cyber resilience is driving strong demand, with broad workload coverage and rapid SaaS growth. The business is investing in sales, partnerships, and brand to capture a $24B+ market, while maintaining profitability and expanding through innovation and M&A.
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Record Q4 and FY2025 results with 23% revenue growth and 45% subscription revenue growth, driven by SaaS and new product adoption. FY2026 guidance projects continued double-digit growth, strong cash flow, and focus on cyber resilience and cloud innovation.
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Q3 revenue grew 21% year-over-year to $263M, with SaaS ARR up 75% in constant currency and strong customer demand for cyber resilience solutions. FY25 guidance was raised, with total ARR growth now expected at 19–20% and continued robust profitability and cash flow.
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Q2 saw 16% revenue growth and 20% ARR growth, with SaaS ARR up 64% and strong free cash flow. Guidance for FY25 was raised, reflecting continued momentum in cloud and cyber resilience, with significant investments and new offerings driving share gains.
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Q1 saw 13% revenue growth and strong ARR gains, driven by SaaS and subscription momentum. Guidance for FY25 was raised, with continued investment in cyber resilience, government, and APAC, and a focus on capital returns. Free cash flow and margins remain robust.