Commvault Reports Strong Q2 2027 Results with Raised Full-Year Guidance
Commvault Systems (CVLT) delivered strong second-quarter results, characterized by a 20% year-over-year increase in subscription Annualized Recurring Revenue (ARR) to $1.104 billion. The company's transition toward cloud-centric protection is evident in its SaaS ARR, which grew 35% to $454 million. This growth was bolstered by increased demand for cyber resilience and the consolidation of legacy point solutions into the Commvault Cloud platform. Driven by robust go-to-market execution and cost discipline, Commvault exceeded its Non-GAAP EBIT guidance and expanded its margin to 21.9%. Consequently, management raised its full-year outlook for subscription revenue, ARR, and free cash flow. The company also demonstrated strong capital allocation through $109 million in share repurchases during the quarter.
Tickers: $CVLT
Topics: Free Cash Flow Guidance Raise Non-GAAP EBIT SaaS Revenue Growth Subscription ARR