NASDAQ$CVLT

Commvault Systems Inc. · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Commvault's financial performance for the second quarter of fiscal year 2022 was announced, featuring growth in ARR and software revenue, but also highlighting delayed software opportunities.

Commvault announced its Q2 2022 financial results, with total revenue of $177.8 million, a 4% increase year-over-year. The company's annualized recurring revenue (ARR) grew by 12% year-over-year to $542.6 million. However, the company noted that it did not meet its expectations due to delayed software opportunities and supply chain issues.

  • Annualized recurring revenue (ARR) increased by 12% year-over-year.
  • Software and products revenue grew by 4% year-over-year.
  • GAAP income from operations was $2.3 million, compared to a loss of $42.0 million in the prior year.
  • The company repurchased approximately 1,159,000 shares of its common stock for $90.0 million.

Headline financials

Total Revenue

$178M

Previous: $171M+3.9%
EPS (adj)

$0.48

Previous: $0.45+6.7%
Total ARR

$543M

Previous: $484M+12.2%
Capital Expenditures

-$1.99M

Previous: -$3.66M+45.6%
Free Cash Flow

-$262K

Previous: -$44.8M+99.4%
Net Income

$1.73M

Previous: -$41.2M+104.2%
Operating Income

$2.27M

Previous: -$42M+105.4%
Gross Profit

$151M

Previous: $144M+4.8%
Cash & Equivalents

$296M

Previous: $383M-22.8%
Total Assets

$780M

Previous: $852M-8.5%
Stock-Based Comp

$26.4M

Previous: $20.6M+28.5%

Revenue & EPS history

Commvault · Revenue · Quarterly

$178M

Q2 2022+3.9%vs Q2 2021
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Commvault · $178M total across 4 segments · Q2 2022

  • Customer Support
    $87.5M-2.2%
  • Subscription
    $47.6M-10.3%
  • Perpetual License
    $27.7M-18.5%
  • Other Services
    $15.1M+61.2%

Forward guidance

No specific forward guidance was provided in the press release.

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 2022

Historical avgQ2 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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