earnings
confidence high
sentiment positive
materiality 0.80
Commvault Q1 FY2027 subscription revenue up 16% to $267M; ARR reaches $1,054M
COMMVAULT SYSTEMS INC
- Subscription revenue $267M (+16% YoY); SaaS revenue crossed $100M (+39% YoY).
- Subscription ARR grew 22% YoY to $1,054M; non-GAAP EBIT margin 22.8%.
- Free cash flow $51M, up 71% YoY; operating cash flow $52M.
- Guidance: Q2 subscription revenue $264-268M; FY subscription revenue $1,119-1,129M.
- FY ARR target $1,200-1,210M; non-GAAP EBIT margin ~21%; FCF $250-260M.