CVLT - Earnings call transcript Q2 2025

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Operator

Thank you for standing by. I would like to welcome everyone to the Commvault Q2 FY 2025 Earnings Conference Call. I would now like to turn the call over to Mike Melnyk, Head of Investor Relations. Please go ahead, sir.

Michael Melnyk

Good morning, and welcome to our earnings conference call.

like will you Commvault's include plans prospects. I'd on statements future begin, and call today's forward-looking we to that remind made expectations, Before statements about assumptions. are risks, All subject forward-looking statements uncertainties such and to these and those Please refer to of statements. SEC recent results cautionary forward-looking the language the the be contemplated risks reports with different a that to Commvault's could company's earnings filed cause in periodic for most today's the in release from discussion and materially uncertainties actual

Commvault update does obligation statements. these to not assume any

During a Thank this can between and presented joining call, Commvault's website. financial measures again you results the non-GAAP are on be GAAP our us. reconciliation basis. on for found A non-GAAP

Sanjay? turn And it over now opening Mirchandani, I'll remarks. CEO, our Sanjay to for his

Sanjay Mirchandani

you all our KPIs. Thanks, today's quarter and joining exceptional an Good call. primary across momentum was morning, once accelerating with thank for again QX Mike.

accelerated quarter and Subscription During fourth revenue SaaS XX% growth. the XX% $XXX million to XX% million, $XXX ARR ARR total our of quarter, represents to revenue million. total jumped consecutive to double-digit of rose to XX% XX% $XXX $XXX now our increased Total ARR. ARR million,

flow cash of free repurchases. heartbeat. without cloud-first a once to live of comes, age the need they flow cyber $XX grew we million, today. missing able and that is important moment quickly ready. that organizations in need what share been with to It recover matters. And that be attacks, returned XX% to be even world to in This through more clearer never an In XX% cash has that free do And we nonstop threats

X that new is Cloud in spending the public and be double next reported that years. services Let me say stored on more XX% will to the Cloud of on in that all expected IDC data that.

continuous we today's and static principles. digital why a It inadequate built implicit. fundamental world been to point security and enterprises. innovating we've are where and reenvisioning business resilience This business, cloud-first outdated are continuity However, call for is solutions dynamic X traditional approaches is on grossly

resilient able the to scale own be in any cloud-first business. they businesses their cloud secure resilient is then to manage their must if it environment keeping truly way their all, First, cloud, organizations want. it, it, and After is it shrink their and be

is multi-cloud Next, not universal.

need customers scalability reduce embrace to across and agility, lock-in improve diversity needs. So the business portability the [ and clouds meet ], redundancy to

And one not fit in environment. third, all does today's size dynamic

do enable well glass. true the only recovery capabilities. all and manage resilience environments, So its the Commvault across of applications and providing the accounts, their regions, is platform single and that workloads pane the can breadth Cloud of as seamlessly applications a with cloud all workloads, as deep platform go was cloud with support to all this depth while it cloud-first broadest to

we this the At new our offer this next our to for announced cloud-first partnerships technology Resilience generation business month, earlier states all and Shift Cyber of and availability cloud-first event enterprise. modern innovations of

unique offering up While Commvault truly simplifies cloud. transforms Rewind, workloads support, that terms we the are playing we it's introduced the catch many competitors and Cloud of in recovery a of

from our minutes. game. cloud. and capabilities dashboard, drastically ensure integrates we forensic advancements is complexity. e-discovery cloud leverages and breadth things reconstruction and the customers We're one and discovery, efficient so recover recovery. across their with data, is hearing just and clouds, not our but from of noted just company These technology This that recovery is a also With mapping customers. reducing a steep great our often reason our only discover, dependency but to quick simple Cloud Appranix "New cloud automation capabilities recovery map more to investigation, pave reliable, Frontale, and to like are applications enable not clear club data safe, resource in name trust digital works Rewind path cyber the Commvault Rewind's acquisition their also Cloud

addition, targeted controls after actors to and recovering Directory announced such management critical the modern directory In our state steps directory we manual it ransomware previous Cloud a the are because from the complex of active assets. often orchestrate architectures and process that will which Active to is organization's It incident. a anchor cyber from around an access improve by configure platform Commvault bad automate identity is and error-prone will access built. resiliency. to required most automate help recover

We expect to release shortly. enhanced an offering Active Directory

capabilities partners, Cloud integrations Cyber recent our cloud AWS and with many and to Resilience to recovery paramount growing expanded SX SX. we're also Amazon to as sets. breadth relationships large acquisition, We're data with at of deep Cloud. the AWS platform is We depth Google strategic bringing Shift, Clumio rely announced Commvault the and innovative organizations store bringing data on This And customers.

to Cloud, protection already This and and no Google this, share Drive left Azure Google today Google course, Workspace offering we data includes all Microsoft customers. with what Oracle e-mail be. and capabilities complements And With do we're Gmail, Cyber Resilience drives, of comprehensive of Cloud.

no is Our no behind. the left customers give no where meet are they cloud-first and resilience business. cloud for we're capabilities and when we need them serious simple, multi-cloud And workload, continuous application say they strategy

capabilities, clouds address producer platform of Cyber multiple advance Constellation chose Commvault our clean its efficiency to requirements operational emissions regulatory Cloud Energy, and on-premise the largest example, across environments. and For enhance Resilience their nation's pre-energy further

in help also quarter, compliance Pure Jan regulation to teamed starting DORA services regulations, customers with we This takes with EU's stringent Storage that XXXX. up financial that effect

first, X and response on focused recovery. is management. detection, risk offering critical protection, including areas: joint Our

isolated to Together we tests. ability like [indiscernible] test . Pure, Cyber secure continuously environments deliver with the Recovery operational into Second,

approach Resilience to Cyber resonating in closing, our unique market. In the is

new SaaS existing democratize natively allowed it with customers cloud be Our ability land to software. and and workload expand has our us base, or to on-prem

gives can to this continue of that All confidence results. financial solid us we deliver

we're results outlook discuss fiscal for to Jen, Jen new 'XX. that, year have DiRico. you to to Over CFO, board. happy With and I'll our on our you introduce

Jen DiRico

great a in clear knew closely joining that to a extraordinary. months, great Sanjay. Commvault you, great warm here, Thank few created been thanks the Gary But short also and the It's to be during the here, was the is rest It's with leadership partner welcome. entire I'm excited been as I it I company. to for as the the be to team of part have something I of team. has team the this. transition a well

was a quarter As all parts business. of Sanjay across QX shared, our record

metrics Cloud confidence to in ahead end all high seize opportunities of resonating ahead. Our give our now This more is results be for of and enterprises the resilient. us Commvault ability ever the guidance across platform key to as need than our

'XX. results I operating then Today, will guidance and provide and share and our QX on metrics QX our FY

rates all are basis on a reminder, a otherwise unless year-over-year noted. As growth

acceleration Our continued Commvault continues In an to of to total see million. field are of revenue. today. resiliency resulted Cloud $XXX the XX% gain increase in facing by with our Subscription challenges XX% enterprises QX, led to This execution differentiated momentum, combined growth cyber offerings. we revenue platform monetization with especially the in in a cyber That, was

to quarter revenue fourth proud deliver consecutive total are of double-digit We our growth.

our double-digit both increased growth and The the from rate. from XX% contributions reflects term of expansion average and deal software from in portfolio our a contribution size. Subscription a increase in transactions from our This the market exceeding of revenue Cyber Growth continued and $XXX,XXX sales XX% ahead licenses, benefited Resilience increased in growth mix well autonomous came healthy by term bundles. software SaaS

Customer of $XX QX software represents customer accelerated million. revenue, ARR grew in and XX% churn-based up to which support compared revenues and includes only software support now year. term growth total customer QX perpetual XX% support support X% XXX licenses, related QX $XXX points revenue, prior million. to to for basis derived from the both XX% of arrangements

term-based total million $XXX or encompassing ARR and XX% Subscription contracts, in SaaS by trajectory. hyper increased SaaS which $XXX XX% year-over-year, increased growth ARR. continuing ARR, its of This licenses XX% along million reaching includes

During XX,XXX over the customers have quarter, worldwide, SaaS added subscription new and X,XXX subscription we including surpassed XXX now customers. approximately customers

in adoption. customer continue see existing our trends we In strong product base, multi to

and deal significant provider Protect well international with Air Cleanroom Recovery, an Kubernetes For energy protection Instance. closed as example, VMs, MXXX for we as their for a Gap

SaaS Existing the trends growth continue upsell emerging retention Cleanroom for announced a ARR notable from Recovery, and Directory. dollar our SaaS cross-sell. customer saw we QX by ThreatWise These driven to of as XXX%, such expansion remained confidence Active both products healthy with at net rate including opportunities and with support expansion Shift. newest offerings, mission-critical further products

importance opportunities, and As quarter responsible about of making while future demonstrate our profitability different, we investments and outperformance the total against this strategic key both continuing our our evidenced by our philosophy, was recognize growth we no to revenue targets. think growth

drive revenue leverage expenses as as XX% our $XXX our in record and margins year-over-year gross QX, million, bonuses to as hosting growth. XX.X% we to to points momentum costs. XX increased In increase basis fiscal investments to continue an commission planned revenue SaaS due improved [ to accelerate ] reflecting well Operating in

XX% to margins points midpoint leverage EBIT philosophy basis growth, model. were guidance. the drive grew our operating the of units below our XXX million, to XX% Non-GAAP with our total consistent $XX higher Non-GAAP revenue in XX.X%, than

key ended in million and metrics. flow with cash. the cash no some We balance sheet $XXX Now debt moving and to quarter

future, continue our and we depth opportunistic the breadth we around of platform. in further As that to remain technologies invest our

balance approximately sheet. $XX of million, closed our we October our funded Clumio with X, On acquisition from previously cash for announced

weeks several to Sanjay providing QX and update an into forward and integration, our look For I earnings. on

growth flow QX which strength million, of revenue to and Subscription multiyear upfront Our our continued cash on in contracts. $XX Software payment XX% reflecting business, the deferred typically includes grew free SaaS

We free $XX XXXX, repurchase XXX% year-to-date XX% $XXX our repurchased representing we XX, XX% through of free flow. cash QX, for of flow. flow the of of In least repurchased to free representing million cash stock, September full year. cash million stock fiscal at Fiscal we plan of

to our half year again saw As the first Shift, we once to our we fiscal pleased the operative guidance positive fiscal for customer outlook and for 'XX strength we 'XX. in QX the are new on share reactions our raise and fiscal reflect and of

of of the revenue, and This we million $XXX SaaS XX% For growth to represents the expect fiscal term-based to QX, $XXX year-over-year Subscription software includes licenses range the which in million. midpoint. be both at portion

solutions gross XX%. of event margins Even acquisition million, the we with lending, a customer expect the QX growth to We in be to modest reflect to to and acquired the be XX%. we range margins $XXX of EBIT range million non-GAAP remain QX levels, consolidated of the revenue XX% the to the of of costs range Gross expect with total these Clumio At in midpoint. assets. XX% Clumio from our XX% margins incremental in expect $XXX to at revenue

Our is share approximately shares. projected diluted million XX count fiscal QX for

raising again our results see first for fiscal moving in strong we've QX, the the are done full the outlook we 'XX. With demand the into once year and we half

now expect ARR year of fiscal total XX% growth approximately 'XX We year-over-year.

ARR Subscription the expect from range XX% strong a the revenue We year-over-year. expect and to we to midpoint perspective, XX% year revenue million, million term licenses at contribution $XXX to of to the increase of now be SaaS. range in Subscription fiscal software XX% $XXX with both in 'XX growing full From

We $XXX total accelerate million expect approximately midpoint. in million, to $XXX and XX% of to growth range revenue now of the be at increase the an

Moving to cash margin, EBIT outlook. updated our fiscal year full 'XX flow and

to accelerating expect XX.X% approximately inclusive our to gross SaaS be of of business. continue contribution to We margins XX.X%, the

free margins to year From cash free a $XXX of to million. non-GAAP cash to EBIT to flow exceed also XX%. the continue XX% expect be flow perspective, expect we in range full We

Lastly, we FY the shared ahead that for are targets originally 'XX. currently we trending of

proud our of of momentum XXXX. execution first the through half are and we closing, In

second We positioned are on well ahead. are see and strong track the of half to for the a market opportunities year

back open turn for will to it the the operator questions. I Now to line

Operator

the [Operator first comes Rakers Fargo. line question Wells Instructions] Aaron from Your from of

Aaron Rakers

you been that the particularly guess has seeing. I very this in curious quick. here SaaS changes up-sell and the the motion of results, I'm first when we is, continued business, last Any have cross-sell on quarter. all, unpack very a I look at question the first And my a congrats strong business the couple if could and in Subscription company real impressive. maybe little bit

management ago couple you've metrics storage of and have so, quarters ability that cross-sell platform. business or some think core around into to the a SaaS I given the

any metrics that kind be updated great. of would around So

Sanjay Mirchandani

question. Jen, just to call, to Aaron, CFO. I'm it's and over new her going the over the welcome to Sanjay. hand it to this to to Thanks. going I I'm wanted on her answer hand our

Jen DiRico

Aaron, you, Thanks, And Sanjay. for the thank question.

we're through excited the our -- seeing down momentum execution our in fact the momentum ARR about So sales for about SaaS excited that X/X $XXX really from million XXX%, The as right? really as products that that our quarter would products, that. team are we're is continuing the NRR and ARR the we're we business, and what driven And we're up of that's cross-sell we're well to in seeing really say, us, we're excited Resilience I breaking comes in workloads pretty over our excited cross-sell, a are combination momentum we're new our in staff seeing. record X/X And this traction continued and upsell to see SaaS be and picking emerging was SaaS and a launching. upsell. our would we're down by overall, about the Cyber

Sanjay Mirchandani

deployed. seeing Workloads know, being these proof in been Active have let's all -- like past, months are concept X are XX really Yes. of all workloads Directory, say, to and like ThreatWise, these don't I Cleanroom, into launched the and

emerging So those of kind are workloads.

Aaron Rakers

follow-up Yes. And a then quick question.

with platform, that and next alignment domain the any in growth is look we thinking data relationships Google the quarters. on maybe whether as particular, are relationship the But over or with i'm of as contributor couple and should think obviously, Dell. And about update call. about the mentioned, think not AWS that curious the other incremental we how You about on a I one to relationship's being evolved we out how with

Sanjay Mirchandani

Sure, sure.

AWS So sure platform bringing got. Google, capabilities what to all got in acquisition we've making our Clumio on building that And capabilities commitment true our the customer based we've The to with also demand -- clouds. the on already it's and AWS, on environments. some underscores and major best-of-breed just multi-cloud on of core it's

for at the that this for out on support this Workspace. was it while, a bring Microsoft the level. Google, been Google With we We've on building to have XXX capabilities

Resilience happening, exactly working needs incumbents you any clear we're moving Aaron, We've now need I Cyber is the growing suites of along the I'm end-to-end, is sort around short-term are incrementally our these is bit we've and out not a in a When So of progress. putting specifically. existing we and both progress. domain got an This lots work got having. We're wins together. if was this entrenched thing. work completely data our way lots well. strategy, of number stuff overall in partnerships. that but very major kind It's of it, that's in not would, good The all out covered. around Dell Again, Taking partnership, announced that

Operator

from line D.A. Our Rudy of from the next Davidson. comes question Kessinger

Rudy Kessinger

strong I'll congrats impressive. add my The to another highly very quarter. SaaS ARR is obviously

on as think growth has equally impressive ARR your license accelerated I couple is or past term interesting the quarters. certainly the of

just about competitors competitive ignoring pretty just you're segment in at legacy there on-premise this of you the there market and segment standpoint? the Could of Some on-premise your the a of point. much the from talk opportunity the are and the market seeing landscape displacement what

Sanjay Mirchandani

Rudy, Sanjay. Absolutely.

the if cloud we're cloud side, it's -- this in And multi-cloud a we've and it's world. I've been on pivoting foremost, said data first. side, cloud now, said matter long ways a in saying truly cloud runs some and as other it words, a here, high First land as workload hybrid SaaS as the I've has it In the propensity workload, or the to the cloud. in in to your doesn't

So capabilities cloud being truly on any having matters. multi-cloud first-class

platform capability broadest capabilities and preclude think, on-premise. that on-premise okay? advantage have we not the And we are, -- does the I That capabilities, of continue to fact grow. set a

whether workload, workloads requirements. a of move cloud Metallic, one SaaS workload, to Now you wasn't freely should or an it's Metallic, from one whether get be pane bit, about take based launched it's the when we able you a talked days workload glass on-premise because long so ago, a of on I'll we little customer it back platform,

get tell, between That not if good here has our anything, you We cost customers And one have And seamless we choices to we're a platform, on features at bunch of workloads. a portability on make in Shift held strategy, on couple the us workload other. across to or don't you a and at best-in-class because living living ago. on-premise there this or stead, of can cloud. the our are capabilities your cloud it's of With invest unnatural as and continuing weeks announced capabilities.

Rudy Kessinger

contributed Yes. first there was your if helpful. relative that first very, the year-over-year. look second assume first it. you up what It's looks implied renewals from guide in ARR half? early a what net the pair Got That's just very or some Jen, XX% digits guide contribution half, versus was any here, forwards at put how the look half. organically in I than new half Just down the pipeline mid-single the half? second pull the like does growth half, half trying Or second the in at we even to large lower in if conservative to just Clumio, that first

Jen DiRico

And to that really sales really, Thanks the to the what but we're for from the execution Rudy. team. not half I only testament the really a of reiterate, It we year. does the perspective, in question, saw seeing we're first would product proud just of overall a execution

think about press our second seen -- we we our to basis, an that of in benefit equates ARR about you have X% release As our in the may half of from On a revenue. year, QX couple that had FX the points.

already it about that so philosophy And as guidance put management responsible place. my into growth strategy I CFO, the also as have our would first as think I the quarter and continue team

of look on million an that. think And the is year for fluctuations there's ARR you'll that And back number. the so $XX consistent take half over is quarters, to what I average, a our X you prior in with if averaging second see guidance about

Operator

from the comes Piper Sandler. line of question from James Fish next Our

James Fish

on understand this guys you with disclosures, and pipeline an I of let's related decent. between any know A questions really strong seeing out based call to our are But at there what quarter EMEA it EMEA. exactly to was. pretty U.S. Is break EMEA? international APAC couple specifically way has been you point in -- here. for was Dora your Obviously, Americas this don't

Sanjay Mirchandani

It's Sanjay.

systems in, So own of also think with in DORA, lot the which regulatory And building work -- capabilities, we've who on like there's to the where been doing partners with integrators lot working sort engineered it regulation, Jan. whether that been up our a for kicks building work we're I will the leading out have that compliance a platform platform, bringing actually but implementing of Pure, been we've of compliance and to others, been customers systems partnering in or and continue be with are DORA of implementing between capabilities customers for our box.

think between been we to breadth So DORA the business contributing continue will our what's of has roll to full customers and required. out Europe as

James Fish

then, people about the call helpful think of guys Appranix Clumio seeing are you. reminder, year versus that just here. fiscal Jen, And question little it. and in side Can coming fiscal raise? year? as think we missing are Building off is was on you How how a guide terms you on I as this just in in it, coming QX much ARR platformization is in Got consolidation for what or Appranix for Rudy's this the ELAs of unpack 'XX, in bit a but much it of,

Jen DiRico

half business. of strength Thanks momentum in came we're we the the are Like question. organic said proud the of year. our the And Yes. really in that for seeing the of first I before, through

for was an for we think in technology to us the and talent are half particular, we've the and innovation -- done. customers. need Clumio, second Commvault our our the excited to about at of we continue the acquisition acquisitions the about and much broaden increase very here As accelerate year,

half the the to is look that a We accretive, perspective, most I this organic. not of guidance from second year could material. it's Clumio was share As of but

I And point the But organic dollars you half the think an few to would business impact as perspective. about quarter. strength back million of the a you the so per from it's of the again, in second year,

Sanjay Mirchandani

And few we're literally, it's throes been of -- in the weeks. we're a

very starting get quickly. customers expand the in So integrated Clumio hopeful the integration the will throes actually get with will that team, of thing and process this and the And consolidated we're we're nicely.

the start. more months a With a rebuild rebadged Cloud a head ago, we of with which is Appranix. Appranix, And we've Rewind, version weeks of announced We've very consider already carryforward This couple deadline of which a few a healthy got this it's we've it part isn't organic. that's Again, new customers, up. I lining is and family. of got all piece. now organic a as had

Operator

Ader next the from comes Blair. William Jason of question Our line from

Jason Ader

A quick ones. couple of

growth that. that if But revenue you're On did something that's know there? it don't the the doing get I great side, not, disclose rate you would every be if to quarter.

Jen DiRico

software on We quarter the focus XX% Subscription. don't that or the number, overall the on now. this software We software disclose right which -- number grew

Jason Ader

margin And Okay. some it there's acquisitions that about as what done. talking just then -- -- you've we're I the thinking outlook, understand about. operating

hit to revenue in feel you your of mean, about What seems about are on $X running guys software do And time? to low kind get over that XX% billion that at-scale kind that goes companies, me. You at are how do How XX% you of margin. to from there? where operating -- number? thoughts XX% I

Jen DiRico

Thank to that responsible, increase accelerate share. we our In are at we time, you. do we shared I ensure same within leverage All that the working have are capture are we question. the we committed market Great to XXXX, to investing growth profitable say if know, growth. would business. we and Yes.

'XX. to in things past, saw doing committed we to and You would you will of over both growth, while this back shared just quarter accelerating the and that margins point also and ultimately, expand I to we're today guidance for the continue across, time, we that the FY the those

Jason Ader

I in you. one Sanjay, last could then, And for one if Okay. use

products what how multiple we're impacted front the business? just about where of and customers multiple through that's different from that backup over have Can years is different sort vendors. of systems that more consolidation talk hearing your seeing Something you're accumulated you on

Sanjay Mirchandani

consolidation a required for the platform in a Just while there that industry. is been saying I've this

have again, programs. inserted many have "capabilities" years, case, quarter, There the best-of-breed too been which necessarily better. say -- in I've over this and said Just been -- I I'd too been part enterprises, have said think is that more not I into big many last there

And is single that the so approach. every see to really every and allows pane capability every and glass right workload cloud end-to-end having you one an of application

This it's We've a or easy. XX not business journey. -- in XX been XX is Now for years or years. years

of got say a bit behind. You've and and little dynamics we and customers really that data platform we've And we do left And now were suited. needs further because guys. for that to time no our how to changing decisions. win. is deeper call left No everything and migration behind. gone make no the That is the exactly We're application cloud workload

the are customer the go bring it back. would then data guys. back bring has your rest we'll the to say, We always We data and of

and some or you capability. saying, problem move look any point in do to where the between we're so platform customers and it exactly go, hard a any the distance helping at the going that's Clumio, whether wants one edge entire ambition if look we're if allows on, And on the Now to want Appranix go cloud the -- that. starts to from it's on-premise, that part of to going application we're cloud, any we we're even them. workload, And at science to of around and we be have you

energy got that. we've engineering So been into ounce are our every of that's And stated direction. we putting

Operator

Guggenheim. next comes Ma line [Operator of from Howard from Our the question Instructions]

Howard Ma

I the of as exceptionally quarter, guess, think on the full Or strength Where strong results. it to I in because the both coming new QX ask, on-premise due share with share? -- and the is think by from? And it I Veritas workload about to think forecast, forward driving now want raised it Subscription have renewal? would X not if with your Jen, less market it timing Because Sanjay win And new is that congratulations the renewal my would I your add up deals of biggest Cohesity is and in primarily acquisition logos, the there's how to year going -- gains you logos, more business? for much is upside the is and the the in expansions new and X-year are when well what is Dell, partnership upside Is where I we that? to the from there's that for for is builders? want

Sanjay Mirchandani

from anywhere. the anywhere democratize and It's taking share. to of start the here. the hear It's breadth We're It's share Sanjay fact workload we're we of of latter. our earlier and -- could the way. you. anywhere Good we latter. response because that because protect all the the And taking because platform my live it the

the if single and market market, traditional low it's depending at, on-premise you growth, survey you to at the Now, look mostly digits look of flat who on flat.

an many quarters, So from growing if we're heart. at growing incumbents past we're taking we're player the and share enterprise the way we're and have for been

how taking share taking to from continue Absolutely. breadth incumbents? some to second platform we I Veritas we other Am is do of share Absolutely. am that because So the our Cohesity? That's win. I from And none.

it's nonsubscription the on-premise an subscription. Now with subscription sale. lead leads That's if force we versus what sales with

Howard Ma

it. some When in directness. more that a should of for contribution SaaS the just half have acceleration you we think in back result the and Clumio year I Appranix, we this year? for details the net-newARR Jen which quick follow-up. than think seasonality business, in Thank the the last about Got on, just about shared if

Sanjay Mirchandani

want to the question? repeat You

Jen DiRico

you question? Yes. the Can repeat

Howard Ma

acceleration expect Appranix? the the year, half this considering of ARR net SaaS in the increased year more in new is we Clumio that So back should a versus and last question contributions from

Jen DiRico

question. Great Yes.

we've in half year go to implied on net the half the over would think our just of to I relates in right, last the I average, the X uptick is second quarter. us for already we've fact the new million think answer guidance, second And around seen the ARR about as number my right the And given. that's the $XX it I guidance that per quarters, for back seasonality, that model.

Sanjay Mirchandani

been they've Appranix the is up what for been in I has into product now Cloud. see we and add integrated a And months pipeline Commvault few would because being built the family

Clumio. to of fiscal go 'XX. see you'll see same the We expect more with through think year the process impact And in I

Operator

are the in over the turn back no queue, more the conclude session. as there Seeing will closing I Commvault for questions remarks. now our that to does call team question-and-answer

Michael Melnyk

joining call for our everyone, Thanks, today.

We need review investor our additional Investor you. website. to you the presentation please with you. forward on If any information, Thank speaking Relations look

Operator

Ladies concludes joining. Thank you gentlemen, and call. that all for today's

You may now disconnect.

Commvault Systems (CVLT) 29 Oct 242025 Q2 Earnings call transcript