CommVault Systems, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013; Provides Non-Gaap Tax Rates Guidance for the Year 2014
January 29, 2014 at 06:10 pm IST
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CommVault Systems, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the company reported total revenues of $153,250,000 against $128,147,000 a year ago. Income from operations was $27,723,000 against $20,227,000 a year ago. Income before income taxes was $27,943,000 against $20,526,000 a year ago. Net income was $17,591,000 against $12,200,000 a year ago. Diluted net income per share was $0.35 against $0.25 a year ago. Net cash provided by operating activities was $30,162,000 against $27,459,000 a year ago. Purchase of property and equipment was $1,348,000 against $1,320,000 a year ago. Non-GAAP income from operations was $42,462,000 against $29,834,000 a year ago. Non-GAAP net income was $26,891,000 against $18,984,000 a year ago. Non-GAAP diluted net income per share was $0.54 against $0.39 a year ago.
For the nine months, the company reported total revenues of $429,521,000 against $357,576,000 a year ago. Income from operations was $75,540,000 against $58,996,000 a year ago. Income before income taxes was $76,215,000 against $59,792,000 a year ago. Net income was $48,407,000 against $36,224,000 a year ago. Diluted net income per share was $0.97 against $0.75 a year ago. Net cash provided by operating activities was $79,218,000 against $69,802,000 a year ago. Purchase of property and equipment was $3,934,000 against $4,062,000 a year ago. Non-GAAP income from operations was $111,579,000 against $81,302,000 a year ago. Non-GAAP net income was $70,721,000 against $51,722,000 a year ago. Non-GAAP diluted net income per share was $1.42 against $1.08 a year ago.
The company measured itself to non-GAAP tax rates of 37% in fiscal 2013 and anticipates that it will continue to measure itself to a non-GAAP tax rate of 37% through fiscal 2014.
Commvault Systems, Inc. is a data management company. The Company offers cyber resilience platform that combines the data security and rapid recovery at enterprise scale across any workload. The Company provide these products and services for their data across many types of environments, including on-premises, hybrid and multi-cloud. Its offerings are delivered via self-managed software, software-as-a-service (SaaS), integrated appliances, or managed by partners. The Companyâs Commvault Cloud offerings are organized in three packages, such as Operational Recovery, Autonomous Recovery and Cyber Recovery. Its Operational Recovery provides backup, verifiable recovery, and cost-optimized cloud workload mobility, helping to ensure data availability and granular recovery, even across multiple clouds all managed with Commvaultâs Command Center. In addition, the Company provides customers with a range of offerings, including Cleanroom Recovery, HyperScale X, Air Gap Protect and Compliance.
CommVault Systems, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013; Provides Non-Gaap Tax Rates Guidance for the Year 2014