commvault systems inc (CVLT) Key Developments
CommVault Systems, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended June 30, 2015; Provides Earnings Guidance for the Second Quarter and Full Year of 2016
Jul 28 15
CommVault Systems, Inc. reported unaudited consolidated earnings results for the first quarter ended June 30, 2015. For the quarter, the company reported total revenues of $139,123,000 against $152,643,000 a year ago. Loss from operations was $6,255,000 against income from operations of $18,214,000 a year ago. Loss before income taxes was $6,298,000 against income before income taxes of $18,409,000 a year ago. Net loss was $1,300,000 against net income of $12,729,000 a year ago. Diluted loss per share was $0.03 against diluted earnings per share of $0.27 a year ago. Net cash provided by operating activities was $21,897,000 against $35,444,000 a year ago. Purchase of property and equipment was $1,678,000 against $1,372,000 a year ago. Non-GAAP income from operations was $9,285,000 against $33,008,000 a year ago. Non-GAAP net income was $5,822,000 against $20,918,000 a year ago. Non-GAAP diluted net income per share was $0.12 against $0.44 a year ago.
The company provided earnings guidance for the second quarter and full year of 2016. The company expects fiscal 2016 annual operating margins to be approximately 10%. Operating margin expectations for fiscal year of 2016 are lower than originally expected due to suppressed software revenue, slowing services revenue growth rates and ongoing investments the company is making for software revenue growth in the second half of the fiscal year and fiscal year of 2017.
The company anticipates second quarter of 2016 operating margins to be in line with first quarter of 2016 and then improve sequentially as the year progresses, especially as the top line growth rate increases.
CommVault Systems, Inc. to Report Q1, 2016 Results on Jul 28, 2015
Jul 10 15
CommVault Systems, Inc. announced that they will report Q1, 2016 results at 5:00 PM, US Eastern Standard Time on Jul 28, 2015
CommVault Systems, Inc., Q1 2016 Earnings Call, Jul 28, 2015
Jul 10 15
CommVault Systems, Inc., Q1 2016 Earnings Call, Jul 28, 2015
CommVault Expands Capabilities Within its Endpoint Data Protection Solution Set
Jun 19 15
CommVault has expanded capabilities within its Endpoint Data Protection Solution Set. With the new capabilities, Commvault offers businesses an enterprise file sync and share (EFSS) solution that provides a smart complement, and/or alternative, to existing solutions by adhering to corporate data management best practices so that sensitive data remains secure in compliance with business requirements. With the launch of Commvault File Sharing, organizations now have a secure solution that brings data fully under IT control for the most security sensitive use cases, without trading off usability, as a holistic, end-to-end solution delivering comparable features, functionality and ease of use as other solutions on the market. By having a user's data stored in a secure repository accessible via any web browser or mobile device, enterprises using Commvault File Sharing are able to meet stringent regulatory and data governance requirements. Commvault also announced the availability of Edge Drive, a new feature within Commvault File Sharing, which delivers a virtual folder that acts as a 'personal cloud' for real-time sharing across mobile devices and through a web console, providing universal access for file sharing and collaboration. Edge Drive captures data from various sources, including other EFSS solutions, assuring seamless data protection and governance, without sacrificing usability, functionality or flexibility. Recognizing the broad adoption of existing file sync and share solutions in the market, Commvault Endpoint Data Protection Solution Set can also be used to complement and reduce the risk of existing cloud services by assuring that the data shared through OneDrive, Dropbox and others is visible to IT, secured and backed up, and fully searchable for use by end users and for eDiscovery. Leveraging a unique and differentiated single-platform architecture, businesses gain value from a range of features and capabilities, including: A fully-integrated solution for endpoint data backup, recovery, access, security, file sharing and data loss prevention; Flexibility in deployment options including on premises, hybrid or in the cloud (and via partners for managed or hosted solutions); Unique security and compliance benefits with enterprise-wide search and discovery of datacenter and endpoint data; Insights into file type, size and age to make more informed business decisions regarding data and information management; Increased security and usability to mobile devices, including features such as end-user search of protected data, that also improves mobile productivity; The ability to sync content across all of a user's devices; An easy way to browse, download, manage, and restore files from the Edge Drive folder to a local device; Seamless sharing of files and folders from the Edge Drive folder with other users via the web or mobile app; Enterprise-grade security so data is encrypted at source, in transit and at rest; and Administrative control to manage policies and permissions for all users at scale. Unlike many file share solutions that require the additional cost and integration efforts of third-party tools to make data searchable from multiple data silos for events such as litigation and audit, Commvault's latest file sync and share capabilities enable enterprise-wide search on a comprehensive data set for compliance and eDiscovery, including integrated legal hold. Hosted in the ContentStore, Commvault's unique single, fully-integrated data repository, files can be accessed by both internal and external users to foster productivity and collaboration without relinquishing ownership of the data or introducing new solutions. This centralized approach to data management is especially relevant in highly-regulated industries such as financial services and healthcare where having compliance, eDiscovery and security measures in place is extremely critical.
Commvault Advances to Preferred Solution Partner within the Cisco Solution Partner Program
Jun 8 15
Commvault announced that it is now a Preferred Solution Partner within the Cisco Solution Partner Program. The Internet of Everything (IoE) continues to bring together people, processes, data and things to enhance the relevancy of network connections. As a member of the Cisco Solution Partner Program, Commvault is able to quickly create and deploy solutions to enhance the capabilities, performance and management of the network to capture value in the IoE. Commvault has designed data management and protection solutions that reduce risk, improve productivity, and empower new business models. Commvault's latest partnership makes it possible for cloud service providers and enterprises to gain access to the Cisco Validated Design (CVD) reference architecture for Backup-as-a-Service (BaaS). The jointly tested and developed BaaS architecture for public/hosted, hybrid, and private cloud environments enables organizations to accelerate time to market and drive new business opportunities in a rapidly evolving and competitive market. As a Preferred Solution Partner, Commvault has achieved Cisco compatibility certification on Commvault Simpana data management software and can provide its customers with 24-hour, 7-days-a-week customer support.