Commvault Systems, Inc. Provides Earnings Guidance for the First Quarter and Full Year Fiscal 2025
April 30, 2024 at 07:45 am EDT
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Commvault Systems, Inc. provided earnings guidance for the First Quarter and Full Year Fiscal 2025. For the quarter, the company expects total revenues are expected to be between $213 million and $216 million and Subscription revenue is expected to be between $116 million and $119 million.
For the full year, the company expects total revenues are expected to be between $904 million and $914 million. Total ARR is expected to grow 14% year over year. Subscription revenue is expected to be between $514 million and $518 million.
Commvault Systems, Inc. is a data management company. The Company offers cyber resilience platform that combines the data security and rapid recovery at enterprise scale across any workload. The Company provide these products and services for their data across many types of environments, including on-premises, hybrid and multi-cloud. Its offerings are delivered via self-managed software, software-as-a-service (SaaS), integrated appliances, or managed by partners. The Companyâs Commvault Cloud offerings are organized in three packages, such as Operational Recovery, Autonomous Recovery and Cyber Recovery. Its Operational Recovery provides backup, verifiable recovery, and cost-optimized cloud workload mobility, helping to ensure data availability and granular recovery, even across multiple clouds all managed with Commvaultâs Command Center. In addition, the Company provides customers with a range of offerings, including Cleanroom Recovery, HyperScale X, Air Gap Protect and Compliance.