CommVault Systems Q3 Earnings Call Highlights

• Commvault Stock: AI Cybersecurity Giant Ready to Double Again

CommVault Systems (NASDAQ:CVLT) executives told investors the institution delivered a “solid quarter” successful fiscal third-quarter 2026, citing continued request for next-generation cyber resilience successful hybrid and multi-cloud environments and beardown subscription lawsuit additions. Management besides highlighted caller merchandise releases and partnerships aimed astatine unifying information security, individuality resilience, and betterment capabilities connected a azygous platform.

CEO Sanjay Mirchandani said the institution reinforced its presumption arsenic an innovation person during the quarter, including receiving its 1,600th beingness patent. On the concern side, helium pointed to grounds “land and expand” performance, including the summation of astir 700 caller subscription customers.

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• Commvault Continues its Rally, Outpacing Tech Stocks, Midcaps

Chief Accounting Officer Danielle Abrahamson reported that full gross roseate 19% twelvemonth implicit twelvemonth to $314 cardinal connected a non-GAAP basis. Subscription gross accrued 30% to $206 million, aided by a 44% leap successful SaaS revenue. Term bundle gross grew 22% to $119 million.

Abrahamson said results were beardown crossed geographies and lawsuit sizes, with peculiar spot successful ample enterprise. She noted maturation successful word bundle transactions implicit $100,000 and an summation twelvemonth implicit twelvemonth successful some the measurement and dollar worth of $1 cardinal bundle deals. The institution ended the 4th with much than 14,000 subscription customers and a SaaS lawsuit basal exceeding 9,000 customers.

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• Commvault launches to caller highs; much highs to come

Management emphasized yearly recurring gross (ARR) arsenic a cardinal wellness indicator. Subscription ARR accrued 28% to $941 million, driven by SaaS ARR maturation of 40% to $364 million. Total ARR roseate 22% to $1.085 billion. Abrahamson added that subscription ARR represented 87% of full ARR, up from 83% a twelvemonth ago.

The institution reported SaaS nett dollar retention of 121%. During Q&A, Abrahamson addressed questions astir a sequential diminution successful the SaaS nett retention metric, attributing it to respective factors discussed connected the call:

• A increasing SaaS lawsuit basal (now implicit 9,000 customers), which tin marque percentage-based retention harder to assistance astatine the aforesaid implicit enlargement levels.

• A “strong caller SaaS lawsuit quarter,” with new-customer dollars not included successful the retention cohort calculation.

• A “modest” premix displacement successful merchandise capabilities among definite aboriginal adopter customers.