Commvault Reports Q1 Fiscal 2027 Financial Results with Strong Revenue Growth
Commvault (Nasdaq: CVLT) reported strong financial results for the first quarter of fiscal year 2027, ending June 30, 2026. Subscription revenue reached a record $267 million, up 16% year over year, with SaaS revenue crossing $100 million and growing by 39%. The company's subscription annualized recurring revenue (ARR) increased to $1,054 million, reflecting a 22% growth. Free cash flow surged by 71% to $51 million. The CEO highlighted the role of AI in driving customer adoption across data protection and recovery solutions. Commvault also announced strategic partnerships with Microsoft for Azure-based services and was recognized as a leader in Gartner’s Magic Quadrant for Backup and Data Protection Platforms for the 15th consecutive year. The company provided updated guidance, projecting full-year subscription revenue between $1,119 million and $1,129 million. Commvault plans to repurchase shares amounting to approximately 60% of free cash flow, with diluted shares expected at around 42 million.
