NASDAQ$CVLT

Commvault Systems Inc. · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Commvault's Q3 2021 financial results, featuring record quarterly revenue and increased software and products revenue.

Commvault announced its Q3 2021 financial results, reporting a record quarterly revenue of $188.0 million, a 7% increase year-over-year. Software and products revenue increased by 16% year-over-year, driven by larger deals. The company's annualized recurring revenue (ARR) reached $507.2 million, up 11% from the previous year.

  • Total revenues for the third quarter of fiscal 2021 were $188.0 million, an increase of 7% year over year.
  • Software and products revenue was $88.6 million, an increase of 16% year over year.
  • Annualized recurring revenue (ARR) was $507.2 million as of December 31, 2020, up 11% from December 31, 2019.
  • Non-GAAP EBIT was $37.3 million in the quarter compared to $28.9 million in the prior year.

Headline financials

Total Revenue

$188M

Previous: $176M+6.6%
EPS (adj)

$0.57

Previous: $0.47+21.3%
Total ARR

$507M

Previous: $140M+262.3%
Capital Expenditures

-$5.99M

Previous: -$1.91M-213.7%
Free Cash Flow

-$4.32M

Previous: -$2.56M-68.7%
Net Income

$1.67M

Previous: -$650K+357.4%
Operating Income

$2.67M

Previous: -$479K+657.0%
Gross Profit

$160M

Previous: $146M+9.4%
Cash & Equivalents

$378M

Previous: $272M+38.8%
Total Assets

$906M

Previous: $863M+5.0%
Stock-Based Comp

$22M

Previous: $19M+16.1%

Revenue & EPS history

Commvault · Revenue · Quarterly

$188M

Q3 2021+6.6%vs Q3 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Commvault · $188M total across 4 segments · Q3 2021

  • Customer Support
    $89.7M
  • Subscription
    $48.7M
  • Perpetual License
    $40M
  • Other Services
    $9.69M

Forward guidance

Commvault will host its FutureReady Investor Event today, January 27, 2021 at 11:00 a.m. Eastern Time (8:00 a.m. Pacific Time) to discuss quarterly results, its long-term vision and strategy and provide a multi-year business outlook.

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 Q3 2021

Historical avgQ3 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

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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro