Commvault's Fiscal Q2 Adjusted Earnings, Revenue Rise; Fiscal 2025 Sales Outlook Lifted

MT Newswires Live

Oct 29, 2024

Commvault Systems (CVLT) reported fiscal Q2 adjusted earnings Tuesday of $0.83, up from $0.70 a year earlier.

Analysts polled by Capital IQ expected $0.76.

Revenue for the quarter ended Sept. 30 was $233.3 million, compared with $201 million a year earlier.

Analysts surveyed by Capital IQ expected $220.9 million.

For fiscal Q3, the company said it expects revenue to range between $243 million and $247 million.

Analysts polled by Capital IQ expect $236.5 million.

Commvault also said it now expects fiscal 2025 revenue of $952 million to $957 million, compared with its prior guidance range of $915 million to $925 million.

Analysts polled by Capital IQ expect $928.4 million.

The company's shares were up over 12% in recent Tuesday premarket activity.

Price: 153.97, Change: +17.00, Percent Change: +12.41

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