Commvault Systems, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
October 31, 2023 at 07:45 am EDT
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Commvault Systems, Inc. reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported revenue was USD 201 million compared to USD 188.06 million a year ago. Net income was USD 13.02 million compared to USD 4.52 million a year ago. Basic earnings per share from continuing operations was USD 0.3 compared to USD 0.1 a year ago. Diluted earnings per share from continuing operations was USD 0.29 compared to USD 0.1 a year ago.
For the six months, revenue was USD 399.15 million compared to USD 386.04 million a year ago. Net income was USD 25.65 million compared to USD 8.03 million a year ago. Basic earnings per share from continuing operations was USD 0.58 compared to USD 0.18 a year ago. Diluted earnings per share from continuing operations was USD 0.57 compared to USD 0.18 a year ago.
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.