CVLT - CommVault Systems Non-GAAP EPS of $0.72 beats by $0.08 revenue of $198.2M beats by $1.01M

2023-08-01 08:15:20 ET

• CommVault Systems press release ( NASDAQ: CVLT ): Q1 Non-GAAP EPS of $0.72 beats by $0.08 .
• Revenue of $198.2M (+0.1% Y/Y) beats by $1.01M .

• Financial Outlook for Second Quarter and Full Year Fiscal 2024 -

• Total revenues are expected to be between $193 million and $197 million

• Subscription revenues are expected to be between $95 million and $99 million
• Non-GAAP operating margin is expected to be approximately 20.0%
• We are reconfirming the following guidance for the full fiscal year 2024:
• Total ARR is expected to grow 13% year over year
• Total revenues are expected to be between $805 million and $815 million
• Subscription revenues are expected to be between $420 million and $430 million
• Non-GAAP operating margin is expected to grow between 50 to 100 basis points year over year
• Free cash flow is expected to be approximately $170 million

For further details see: