Commvault Systems, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
October 31, 2023 at 07:45 am EDT
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Commvault Systems, Inc. reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported revenue was USD 201 million compared to USD 188.06 million a year ago. Net income was USD 13.02 million compared to USD 4.52 million a year ago. Basic earnings per share from continuing operations was USD 0.3 compared to USD 0.1 a year ago. Diluted earnings per share from continuing operations was USD 0.29 compared to USD 0.1 a year ago.
For the six months, revenue was USD 399.15 million compared to USD 386.04 million a year ago. Net income was USD 25.65 million compared to USD 8.03 million a year ago. Basic earnings per share from continuing operations was USD 0.58 compared to USD 0.18 a year ago. Diluted earnings per share from continuing operations was USD 0.57 compared to USD 0.18 a year ago.
Commvault Systems, Inc. is a data management company. The Company provides a unified Data Management Platform that spans all the users' data regardless of where it lives (on-premises, hybrid, or multi-cloud) or how it is structured (legacy applications, databases, virtual machines (VMs), or containers). It offers solutions through all combinations of software subscriptions, integrated appliances, partner-managed, or Software as a Service (SaaS) via its Metallic portfolio. The Company's offerings are organized into four categories: Data Recovery, Data Compliance and Governance, Data Storage, and Data Security. Its Commvault Backup and Recovery (CBR) provides backup, verifiable recovery and cost-optimized cloud workload mobility, helping to ensure data availability, even across multiple clouds. Commvault Disaster Recovery (CDR) provides a replication and disaster recovery solution from a single extensible platform, which is managed through the Command Center.
COMMVAULT SYSTEMS, INC. 
