Commvault Systems, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
January 31, 2023 at 04:21 pm
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Commvault Systems, Inc. reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported revenue was USD 195.07 million compared to USD 202.38 million a year ago. Net loss was USD 0.31 million compared to net income of USD 10.01 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to basic earnings per share from continuing operations of USD 0.22 a year ago. Diluted loss per share from continuing operations was USD 0.01 compared to diluted earnings per share from continuing operations of USD 0.21 a year ago.
For the nine months, revenue was USD 581.11 million compared to USD 563.64 million a year ago. Net income was USD 7.72 million compared to USD 25.64 million a year ago. Basic earnings per share from continuing operations was USD 0.17 compared to USD 0.56 a year ago. Diluted earnings per share from continuing operations was USD 0.17 compared to USD 0.54 a year ago.
Commvault Systems, Inc. is a data management company. The Company offers cyber resilience platform that combines the data security and rapid recovery at enterprise scale across any workload. The Company provide these products and services for their data across many types of environments, including on-premises, hybrid and multi-cloud. Its offerings are delivered via self-managed software, software-as-a-service (SaaS), integrated appliances, or managed by partners. The Companyâs Commvault Cloud offerings are organized in three packages, such as Operational Recovery, Autonomous Recovery and Cyber Recovery. Its Operational Recovery provides backup, verifiable recovery, and cost-optimized cloud workload mobility, helping to ensure data availability and granular recovery, even across multiple clouds all managed with Commvaultâs Command Center. In addition, the Company provides customers with a range of offerings, including Cleanroom Recovery, HyperScale X, Air Gap Protect and Compliance.
COMMVAULT SYSTEMS, INC. 
