Signal vault revenue software#

In addition, Commvault believes these non-GAAP operating measures are useful to investors, when used as a supplement to GAAP financial measures, in evaluating Commvault’s ongoing operational performance.

Commvault uses these non-GAAP financial measures internally to understand, manage and evaluate its business and make operating decisions. This financial information has not been prepared in accordance with GAAP.

(Download Financial Tables)Īn explanation of these measures is also included below under the heading “Use of Non-GAAP Financial Measures.”Ĭommvault has provided in this press release the following non-GAAP financial measures: non-GAAP income from operations, non-GAAP income from operations margin, non-GAAP net income, non-GAAP diluted earnings per share and annualized recurring revenue (ARR). Total cash and short-term investments were $233.7 million as of December 31, 2021 compared to $397.2 million as of March 31, 2021.ĭuring the third quarter of fiscal 2022, Commvault repurchased approximately 1.3 million shares of its common stock totaling $85.3 million at an average price of approximately $65.72 per share.Ī reconciliation of GAAP to non-GAAP results has been provided in Financial Statement Table IV included in this press release. Operating cash flow totaled $26.8 million for the third quarter of fiscal 2022 compared to $17.0 million in the prior year quarter.

Non-GAAP EBIT was $43.1 million in the quarter compared to $37.3 million in the prior year. On a GAAP basis, income from operations (EBIT) was $12.4 million for the third quarter compared to $2.7 million in the prior year.

Signal vault revenue software#

The increase in services revenue was driven primarily by the increase in Metallic software as a service revenue. Services revenue in the quarter was $103.8 million, an increase of 4% year over year. The average dollar amount of larger deal revenue transactions was approximately $332,000. The number of larger deal revenue transactions increased 20% year over year to 225 deals for the three months ended December 31, 2021. Larger deal revenue (deals with greater than $0.1 million and software and products revenue) represented 76% of our software and products revenue in the three months ended December 31, 2021. The year over year increase in software and products revenue was driven by a 24% increase in larger deals (deals greater than $0.1 million in software and products revenue). Software and products revenue was $98.6 million, an increase of 11% year over year. Total recurring revenue was $164.4 million, representing 81% of total revenue.Īnnualized recurring revenue (ARR), which is the annualized value of all active Commvault recurring revenue streams at the end of the reporting period, was $561.2 million as of December 31, 2021, up 11% from December 31, 2020. Total revenues for the third quarter of fiscal 2022 were $202.4 million, an increase of 8% year over year. This is fueling our growth and accelerating our journey to a cloud-first recurring revenue model.” “Increasingly, customers are turning to us because we provide one platform for software and SaaS offerings to address a multitude of data management needs. “The team executed well across the board, delivering another record quarter,” said Sanjay Mirchandani, President and CEO. Third quarter highlights include: GAAP Results: Annualized recurring revenue (ARR) up 11% year over year. Melnyk, Record total revenue up 8% year over year.