CommVault Announces First Quarter Fiscal 2013 Financial Results

Total Revenue of $111.3 million, up 22% Year-Over-Year

(PRNewswire) —

First Quarter Fiscal 2013 Highlights Include:



First Quarter

GAAP Results:



Revenues


$111.3 million

Income from Operations (EBIT)


$16.4 million

EBIT Margin


14.8%

Diluted Earnings Per Share


$0.21




Non-GAAP Results:



Income from Operations (EBIT)


$22.6 million

EBIT Margin


20.3%

Diluted Earnings Per Share


$0.30




CommVault (NASDAQ: CVLT) today announced its financial results for the first quarter ended June 30, 2012. 

N. Robert Hammer, CommVault's chairman, president and CEO stated, "We began fiscal year 2013 with a solid first quarter which was highlighted by year-over-year software revenue growth of 24% and Non-GAAP operating income growth of 49%.  Our year-over-year software revenue growth of 24% was driven by continued demand for our Simpana 9 data and information management software platform across all geographies and strong year-over-year growth in enterprise software deals (transactions greater than $100,000).  During the first quarter, we continued to make significant investments to position the company for longer term growth while delivering improved profitability."

Total revenues for the first quarter of fiscal 2013 were $111.3 million, an increase of 22% over the first quarter of fiscal 2012 and a decrease of 2% over the prior quarter.  Software revenue in the first quarter of fiscal 2013 was $54.2 million, an increase of 24% year-over-year and a decrease of 8% sequentially.  Services revenue in the first quarter of fiscal 2013 was $57.0 million, increases of 19% year-over-year and 3% sequentially.

Income from operations (EBIT) was $16.4 million for the first quarter, a 64% increase from $10.0 million in the same period of the prior year.  Non-GAAP income from operations (EBIT) increased 49% to $22.6 million in the first quarter of fiscal 2013 compared to $15.2 million in the first quarter of the prior year.  On a sequential basis, Non-GAAP income from operations (EBIT) increased 7% in the first quarter of fiscal 2013.

For the first quarter of fiscal 2013, CommVault reported net income of $10.1 million, an increase of $3.1 million compared to the same period of the prior year.  Non-GAAP net income for the quarter increased 47% to $14.4 million, or $0.30 per diluted share, from $9.8 million, or $0.21 per diluted share, in the same period of the prior year. 

1 | 2 | 3 | 4 | 5 | 6 | 7  Next Page »



Review Article Be the first to review this article
Trimble

Harris

Featured Video
Jobs
Mechanical Engineer for The Planate Management Group LLC at Perry Point, MD
ENVIRONMENTAL GRAPHIC DESIGNER for Blitz at San Francisco, CA
Structural Engineer for The Planate Management Group LLC at Perry Point, MD
Senior Mechanical Engineer for Albert Kahn and Associates at Detroit, MI
Upcoming Events
AfricaGIS 2017 Conference at ECA, 5h Floor, Room 5S17S Addis Ababa Ethiopia - Nov 20 - 24, 2017
2nd Conference GISRAfrica 2017 at Abuja Abuja Nigeria - Nov 23 - 24, 2017
2017 Conference on Big Data from Space (BiDS'17) at Centre de Congrès Pierre Baudis Toulouse France - Nov 28 - 30, 2017
GeoDATA 2017 London Showcase at ILEC Conference Centre 4 Lillie Road London United Kingdom - Nov 30, 2017
Teledyne Optech
University of Denver GIS Masters Degree Online
CADalog.com - Countless CAD add-ons, plug-ins and more.



Internet Business Systems © 2017 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise