Commvault Systems Stock Plunges After Q2 Miss

8 months ago 91

A logo motion   extracurricular  of the office  of Commvault successful  Tinton Falls, N.J., successful  November 2020. (Google Maps/Screenshot via The Epoch Times)

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.

Margins

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.

Price Action

CommVault shares closed little by 19.36 percent  at $61.04 connected the past cheque Tuesday.

By Anusuya Lahiri

© 2021 The Epoch Times. The Epoch Times does not supply concern advice. All rights reserved.

Benzinga

Follow