NASDAQ$CVLT

Commvault Systems Inc. · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Announced financial results for the fourth quarter and fiscal year ended March 31, 2022.

Commvault announced record quarterly and annual revenue, with Q4 software and products revenue up 12% year over year and recurring revenue up 19% year over year. The company's annualized recurring revenue (ARR) was up 13% year over year.

  • Delivered another record quarter to cap off the best year in Commvault's history
  • Demand is strong for differentiated portfolio
  • Team is executing and taking market share
  • Excited about growth prospects in the new fiscal year

Headline financials

Total Revenue

$206M

Previous: $191M+7.6%
EPS (adj)

$0.75

Previous: $0.59+27.1%
Total ARR

$583M

Previous: $518M+12.6%
Capital Expenditures

$583K

Previous: $2.18M-73.3%
Free Cash Flow

$86.5M

Previous: $64.7M+33.7%
Net Income

$8M

Previous: $6.3M+27.0%
Operating Income

$11.4M

Previous: $10.3M+10.7%
Gross Profit

$174M

Previous: $162M+7.5%
Cash & Equivalents

$268M

Previous: $397M-32.7%
Total Assets

$816M

Previous: $904M-9.7%
Stock-Based Comp

$28.4M

Previous: $23.3M+22.0%

Revenue & EPS history

Commvault · Revenue · Quarterly

$206M

Q4 2022+7.6%vs Q4 2021
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Commvault · $206M total across 4 segments · Q4 2022

  • Customer Support
    $84.7M-5.9%
  • Subscription
    $77.1M+45.3%
  • Perpetual License
    $23.4M-35.6%
  • Other Services
    $20.8M+73.4%

Forward guidance

Commvault provided forward guidance, expressing excitement about growth prospects in the new fiscal year.

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 Q4 2022

Historical avgQ4 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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