Commvault Systems, Inc. Reports Earnings Results for the Third Quarter Ended December 31, 2018
January 29, 2019 at 06:10 pm IST
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CommVault Systems, Inc. announced earnings results for the third quarter ended December 31, 2018. For the third quarter, the company announced total revenue was USD 184.275 million compared to USD 180.366 million a year ago. Operating income was USD 10.444 million compared to USD 3.478 million a year ago. Net income was USD 13.400 million compared to net loss of USD 58.945 million a year ago. Basic earnings per share was USD 0.29 compared to basic loss per share of USD 1.3 a year ago. Diluted earnings per share was USD 0.28 compared to diluted loss per share of USD 1.3 a year ago. For the nine months, total revenue was USD 529.530 million compared to USD 514.478 million a year ago. Operating income was USD 4.641 million compared to operating loss of USD 5.538 million a year ago. Net income was USD 5.724 million compared to net loss of USD 60.239 million a year ago. Basic earnings per share was USD 0.12 compared to basic loss per share of USD 1.33 a year ago.
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. 
