Commvault Systems ( (CVLT) ) has released its Q1 earnings. Here is a breakdown of the information Commvault Systems presented to its investors.
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Commvault Systems, Inc. is a leading provider of cyber resilience solutions, offering a comprehensive platform for data security and rapid recovery across various workloads. The company operates in the technology sector, focusing on data protection and management.
Commvault Systems reported a robust financial performance for the first quarter of fiscal 2026, surpassing its guidance across all major metrics. The company achieved a record total revenue of $282 million, marking a 26% increase year-over-year, and an annualized recurring revenue (ARR) of $996 million, up 24% from the previous year.
Key financial highlights include a significant rise in subscription revenue to $182 million, a 46% increase year-over-year, driven by a 66% surge in SaaS revenue. The company also reported a non-GAAP EBIT of $58 million, representing an operating margin of 20.7%. Commvault’s strategic enhancements in cyber resilience and partnerships with major firms like CrowdStrike and Deloitte further underscore its commitment to innovation and customer value.
Looking ahead, Commvault’s management remains optimistic about sustaining growth, with projected total revenues for the full fiscal year 2026 expected to range between $1,161 million and $1,165 million. The company anticipates continued expansion in its subscription ARR by 24% year-over-year, supported by strategic acquisitions and a strong partner ecosystem.