NASDAQ$CVLT
Commvault Systems Inc. · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Commvault's financial performance for Q2 2021, featuring increased ARR and software and products revenue, but a GAAP loss due to impairment charges.
Commvault announced its financial results for the second quarter ended September 30, 2020. Total revenues for the second quarter of fiscal 2021 were $171.1 million, an increase of 2% year over year. Annualized recurring revenue (ARR) was $483.5 million, up 9% from the previous year. On a GAAP basis, loss from operations was $42.0 million, while non-GAAP EBIT was $28.9 million.
- Total revenues increased by 2% year over year to $171.1 million.
- Annualized recurring revenue (ARR) grew by 9% year over year, reaching $483.5 million.
- Software and products revenue increased by 5% year over year to $72.3 million.
- GAAP loss from operations was $42.0 million, impacted by non-cash impairment charges, while non-GAAP EBIT was $28.9 million.
Headline financials
Revenue & EPS history
Commvault · Revenue · Quarterly
$171M
Revenue by segment
Commvault · $186M total across 4 segments · Q2 2021
- Customer Support$89.4M—48.1%
- Subscription$53M—28.6%
- Perpetual License$33.9M—18.3%
- Other Services$9.38M—5.1%
Forward guidance
The company is on track to deliver continued growth and operating margin expansion.
Tailwinds
- The Commvault portfolio has never been stronger.
- New product announcements including Commvault HyperScale X.
- New product announcements including Commvault Disaster Recovery.
- New product announcements including Metallic Cloud Storage Service.
- Addressing critical needs like cloud transformation and ransomware.
Headwinds
- Competitive factors.
- Difficulties and delays inherent in the development, manufacturing, marketing and sale of software products and related services.
- General economic conditions.
- Outcome of litigation.
- Other risks and uncertainties affecting Commvault's business.
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 Q2 2021
-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
| Quarter | Report date | Reaction (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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