CommVault Systems Q4 Earnings Call Highlights

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MarketBeat

Tue, April 28, 2026 astatine 9:17 AM CDT 7 min read

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CommVault Systems (NASDAQ:CVLT) executives said the institution ended fiscal 2026 with accelerating subscription growth, expanding SaaS scale, and grounds escaped currency flow, portion positioning its information extortion and cyber resilience level for what CEO Sanjay Mirchandani called an AI-driven summation successful information growth, complexity, and risk.

Quarterly results highlighted SaaS milestone and grounds escaped currency travel

Mirchandani said Commvault delivered results “at oregon supra our guided metrics” successful the fiscal 4th quarter. Subscription yearly recurring gross (ARR) roseate 27% twelvemonth implicit twelvemonth to $989 million, including SaaS ARR maturation of 42% to $400 million, which helium called “a milestone for Commvault.” Subscription gross accrued 20% to $208 million, and the institution generated a grounds $132 cardinal of escaped currency travel successful Q4, contributing to $237 cardinal for the afloat fiscal year.

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Returning CFO Gary Merrill said Q4 represented the company’s strongest nett caller subscription ARR show of the twelvemonth connected a constant-currency basis, with $53 cardinal of nett caller subscription ARR added successful the quarter. Total ARR accrued 21% to $1.12 billion, and full gross grew 13% to $312 million. SaaS gross roseate 43% to $93 million, portion word bundle licence gross accrued 6%.

Merrill besides pointed to profitability improvements, including consolidated gross borderline of 81.8%, up 30 ground points sequentially, driven by “continued betterment successful SaaS hosting margins” from standard and optimization. Non-GAAP EBIT was $66 million, representing a 21.3% margin. Operating expenses accrued 11% to $187 million, but improved to 60% of revenue, reflecting benefits from the company’s “pulse optimization program.”

Multi-product adoption and individuality resilience drove nett caller ARR

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Management repeatedly emphasized multi-product adoption arsenic a cardinal maturation lever, peculiarly wrong the SaaS base. Mirchandani said the percent of Commvault-managed SaaS customers utilizing much than 1 offering accrued to 48%, up 500 ground points from Q4 of the anterior year. Merrill added that SaaS nett dollar retention improved to 122%.

Identity resilience and information information were highlighted arsenic meaningful contributors to growth. Mirchandani said individuality resilience and information information offerings represented 33% of nett caller ARR successful Q4, portion Merrill noted the aforesaid premix and said Active Directory was 1 of the company’s fastest-growing SaaS offerings with ARR “more than doubling year-over-year.” On the call, Mirchandani besides said the institution added “hundreds of Active Directory customers” during the quarter.

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