Commvault Reports Strong Q2 Fiscal 2027 Results Driven by Subscription Growth
Commvault (CVLT) reported robust second-quarter fiscal 2027 results, highlighted by a 20% year-over-year increase in subscription annual recurring revenue (ARR), which reached $1.104 billion. The company's shift toward a SaaS-centric model is gaining momentum, with SaaS ARR growing 35% to $454 million and management projecting cloud subscriptions will exceed $500 million by the end of the fiscal year. The company is successfully executing a 'land-and-expand' strategy, as evidenced by the increase in multi-product adoption among managed SaaS customers from 45% to 53% year-over-year. This expansion into unified cyber resilience platforms is attracting enterprise clients looking to replace fragmented backup tools with integrated solutions. Looking forward, Commvault raised its full-year guidance, citing accelerating demand for cloud recovery and opportunities presented by the rise of artificial intelligence. The company aims to leverage high retention rates and multi-cloud integration to drive durable growth and improved free cash flow.
Tickers: $CVLT
Topics: Cyber resilience Fiscal Q2 earnings SaaS growth Subscription ARR
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