Commvault (CVLT) stock jumped early Tuesday, after the  data backup and recovery company reported fiscal second quarter earnings and sales that exceeded expectations. The firm also raised its sales outlook for the full year.

Commvault said that it earned an adjusted 83 cents per share on sales of $233.3 million for the September-ended quarter. Analysts polled by FactSet projected the Tinton Falls, N.J.-based company would post adjusted earnings of 76 cents per share on sales of $220.8 million.

For the same period a year earlier, Commvault posted adjusted earnings of 70 cents per share on sales of $201 million.

For the current quarter, Commvault guided for sales of $245 million at the midpoint of its range. Prior to company posting its results, analysts projected the firm would tally $234.6 million in sales for the December-ending quarter, according to FactSet.

"Our strong execution and increasing demand for our innovative Commvault Cloud platform has not only resulted in our fourth consecutive quarter of double-digit revenue growth, but it has given us the confidence to once again raise our outlook for the full fiscal year," Chief Executive Sanjay Mirchandani said in a news release.

The company said it expects full-year revenue of $954.5 million at the midpoint of its range, up from an outlook for $920 million in fiscal 2025 sales the company gave in late July. Commvault's fiscal year ends with March.

In premarket trading on the stock market today, Commvault stock is up 9% near 149 in recent after-hours action.

More earnings coverage to come.

Commvault Stock: Technical Ratings

Prior to earnings, Commvault gained 2% in Monday trading. Shares gained 71% this year through Monday's close, and are up 113.3% in the past 12 months. Commvault stock has been helped by the strong growth of its subscription-focused products. Subscription revenue grew 37% to $134 million in the September quarter.

Coming into the report, Commvault stock had an IBD Composite Rating of 93 out of a best possible 99, according to IBD Stock Checkup. The score combines five separate proprietary ratings into one rating. The best growth stocks have a Composite Rating of 90 or better.

Further, Commvault's IBD Relative Strength Rating was 94 out of 99. The RS Rating means that Commvault has outperformed 94% of all stocks in IBD's database over the past year.

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