A logo motion extracurricular of the office of Commvault successful Tinton Falls, N.J., successful November 2020. (Google Maps/Screenshot via The Epoch Times)
Commvault Systems Inc. reported second-quarter FY22 gross maturation of 4 percent year-over-year to $177.8 million, missing the statement of $184.8 million.
Annualized recurring shares closed little by 19.36 percent astatine $61.04 connected the past cheque Tuesday.
Software and products gross roseate 4 percent year-over-year to $75.3 million, driven by a 6 percent summation successful gross from portfolio deals. Larger woody gross transactions roseate 9 percent year-over-year.
Services gross accrued 4 percent year-over-year to $102.6 million.
The gross borderline expanded 72 ground points to 85.1 percent. The non-GAAP EBIT borderline expanded 50 bps to 17.4 percent.
The non-GAAP EPS of $0.48 missed the statement of $0.57.
It generated $26.1 cardinal successful operating currency flow. The institution held $295.8 cardinal successful currency and equivalents.
CommVault shares closed little by 19.36 percent at $61.04 connected the past cheque Tuesday.
By Anusuya Lahiri
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