Commvault Expands Cloud Recovery Capabilities on Microsoft Azure
On August 18, Commvault (NASDAQ:CVLT) announced a major expansion to its Cloud Rewind platform, tripling the number of Microsoft Azure resource types it can protect and recover. This update follows strong fiscal first-quarter results for 2027, with subscription revenue rising 16% year-over-year to $267 million. The company is positioning cloud recovery as a key growth driver despite mixed signals in its financial performance. Cloud Rewind now covers 62% of enterprise-relevant Azure resources and includes features like automated resource discovery, application dependency mapping, and policy-based protection workflows. A multi-year partnership with Microsoft to offer Commvault's tools natively on Azure was also announced. However, the platform still lacks coverage for AWS and Google Cloud, which could limit its competitive edge. Despite these advancements, financial indicators suggest underlying challenges: GAAP operating margins were significantly lower than non-GAAP figures at 8.2%, compared to a highlighted 22.8%. Guidance for flat subscription revenue in Q2 and slightly reduced EBIT margin expectations indicate slower growth ahead.
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Topics: cloud recovery cybersecurity Microsoft Azure subscription growth