Commvault Outlines FY2027 Subscription ARR Guidance Between $1.2B-$1.21B and Raises EBIT Margin Target
Commvault (NASDAQ:CVLT) reported strong performance in Q1 of fiscal year 2027, exceeding expectations on both revenue and profit metrics. The company highlighted a 22% increase in subscription Annual Recurring Revenue (ARR), reaching $1.05 billion, with its SaaS business growing by 38% to an ARR of $424 million. Subscription revenue rose 16% year-over-year to $267 million. The company provided guidance for FY2027 subscription ARR in the range of $1.20B-$1.21B and raised its EBIT margin target to approximately 21%. These results reflect strong demand for Commvault's cloud-based data protection solutions, driven by continued digital transformation trends across industries.
Topics: Earnings SaaS Revenue Subscription Growth