Commvault Raises Fiscal 2027 Outlook Amid Growing Demand for Cyber Resilience
Commvault (CVLT) has raised its fiscal 2027 financial outlook, projecting subscription Annual Recurring Revenue (ARR) to reach between $1.205 billion and $1.215 billion. The company also expects free cash flow to fall within the range of $255 million to $265 million. CEO Sanjay Mirchandani attributed this momentum to long-term market trends, specifically citing massive data growth and increasing IT complexity. Management highlighted that the intersection of cyber resilience requirements and AI-driven technological shifts is driving significant demand for Commvault's solutions.
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