CommVault Systems Reports Strong Q1 Fiscal 2027 Results
CommVault Systems (NASDAQ:CVLT) reported strong first-quarter fiscal 2027 results, with revenue rising 11% year over year to $314 million. Subscription annual recurring revenue increased by 22% to $1.05 billion and SaaS ARR grew by 38% to $424 million. Non-GAAP EBIT margin expanded significantly to 22.8%, while free cash flow surged 71% year over year to $51 million. The company raised its full-year subscription revenue guidance for fiscal 2027, now expecting between $1.119 billion and $1.129 billion. It also increased non-GAAP EBIT margin guidance by 50 basis points to approximately 21%. CommVault is focusing on AI-driven data protection solutions and expanding its Azure partnership as demand for cyber resilience grows. Management highlighted the momentum in SaaS offerings, with over 10,000 active customers. The company added $39 million in net new subscription ARR during Q1, driven by identity resilience and emerging cloud services like Clumio S3 protection.
Topics: ebit_margin_expansion free_cash_flow_increase revenue_growth saas_growth subscription_arr