NASDAQ$CVLT

Commvault Systems Inc. · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Commvault's first quarter of fiscal year 2022 showed positive momentum, with revenue and ARR increasing year over year.

Commvault announced its financial results for the first quarter ended June 30, 2021. Total revenues for the first quarter of fiscal 2022 were $183.4 million, an increase of 6% year over year. Annualized recurring revenue (ARR) was $532.8 million as of June 30, 2021, up 13% from June 30, 2020.

  • Total revenues increased by 6% year over year, reaching $183.4 million.
  • Annualized recurring revenue (ARR) grew by 13% year over year, totaling $532.8 million.
  • Software and products revenue increased by 7% year over year, driven by portfolio deals.
  • Operating cash flow totaled $37.2 million for the first quarter of fiscal 2022.

Headline financials

Total Revenue

$183M

Previous: $173M+6.0%
EPS (adj)

$0.62

Previous: $0.51+21.6%
Total ARR

$533M

Previous: $472M+13.0%
Capital Expenditures

-$1.44M

Previous: -$1.64M+12.2%
Free Cash Flow

$12.5M

Previous: $640K+1846.1%
Net Income

$13.9M

Previous: $2.28M+508.7%
Operating Income

$15.5M

Previous: $6.68M+131.8%
Gross Profit

$158M

Previous: $148M+6.5%
Cash & Equivalents

$359M

Previous: $345M+4.0%
Total Assets

$839M

Previous: $866M-3.1%
Stock-Based Comp

$21.8M

Previous: $19M+15.1%

Revenue & EPS history

Commvault · Revenue · Quarterly

$183M

Q1 2022+6%vs Q1 2021
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Commvault · $183M total across 4 segments · Q1 2022

  • Customer Support
    $89M+0.4%
  • Subscription
    $49.5M-22.2%
  • Perpetual License
    $32.6M+28.7%
  • Other Services
    $12.3M+57.5%

Forward guidance

Commvault is confident that their transformation has put them in position to thrive in a post-pandemic world and achieve the financial targets laid out in January.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-0.6%

Avg return

Earnings day

-0.4%

Avg return

5 days after

+2.0%

Avg return

30 days after

53%

36 / 68 earnings

Positive

+24.1%

Q1 2025

Best reaction

-32.8%

Q4 2014

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+10.8%+12.6%+25.2%
Q3 2026-31.3%-2.0%-4.5%
Q2 2026-16.3%-20.1%-29.2%
Q4 2025+1.7%+4.0%+6.9%
Q3 2025+1.1%+0.6%+6.5%
Q2 2025+18.5%+13.7%+25.3%
Q1 2025+24.1%+10.9%+23.9%
Q4 2024+3.3%+8.0%+9.4%
Q3 2024+12.5%+16.9%+17.4%
Q2 2024+0.3%+3.3%+12.7%
Q1 2024-9.6%-9.0%-12.3%
Q4 2023+5.0%+4.8%+19.4%
Q3 2023+1.2%+3.1%-6.0%
Q2 2023+4.5%+4.3%+10.6%
Q1 2023-9.9%-8.5%-6.0%
Q4 2022+3.2%-3.9%+7.4%
Q3 2022-0.6%-0.1%-7.3%
Q2 2022-19.4%-18.7%-13.4%
Q1 2022-8.3%-8.6%-4.4%
Q4 2021-0.0%-0.6%+10.9%
Q3 2021+4.1%+6.3%+5.1%
Q2 2021-2.8%-3.8%+16.4%
Q1 2021+11.2%+12.4%+11.0%
Q4 2020-21.9%-21.5%-18.6%
Q3 2020+0.2%+6.2%-6.4%
Q2 2020+6.8%+5.7%+7.8%
Q1 2020-9.9%-13.8%-14.4%
Q4 2019-14.5%-14.1%-24.0%
Q3 2019+6.7%+7.3%+9.5%
Q2 2019+5.6%+5.9%+6.0%
Q1 2019-4.6%-6.5%-0.8%
Q4 2018-3.4%-3.3%-2.3%
Q3 2018+2.6%+2.3%+0.2%
Q2 2018-11.2%-11.3%-6.0%
Q1 2018+1.1%-1.6%-2.3%
Q4 2017+6.5%+10.6%+7.4%
Q3 2017-12.1%-12.2%-11.2%
Q2 2017+2.4%-0.6%+3.4%
Q1 2017+5.6%+5.4%+5.8%
Q4 2016-4.6%
Q3 2016+14.5%
Q2 2016+7.6%
Q1 2016-8.8%
Q4 2015-2.9%
Q3 2015-6.4%
Q2 2015-1.9%
Q1 2015+1.1%
Q4 2014-32.8%
Q3 2014-6.4%
Q2 2014-5.3%
Q1 2014+8.8%
Q4 2013-0.4%
Q3 2013+8.8%
Q2 2013+16.6%
Q1 2013+7.1%
Q4 2012-0.9%
Q3 2012-1.3%
Q2 2012+3.3%
Q1 2012-6.6%
Q4 2009+2.5%
Q4 2011+2.5%
Q3 2010+2.0%
Q3 2011+2.0%
Q2 2011+4.4%
Q2 2010-1.4%
Q1 2010-1.4%
Q1 2011-1.4%
Q4 2010-1.4%

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