CVLT Earnings Prediction
The chart below shows how CVLT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CVLT sees a -6.12% change in stock price 10 days leading up to the earnings, and a +3.59% change 10 days following the report. On the earnings day itself, the stock moves by +6.20%. This data can give you a slight idea of what to expect for the next quarter's release.
CVLT Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
216.81M
11.14%
7.87%
Gross Margin
81.29%
0.32%
1.11%
Operating Margin
9.71%
33.01%
10.72%
Net Margin
7.91%
5043.75%
22.07%
EPS
0.38
3900.00%
31.03%
No Data Available
CVLT Earnings Analysis
Commvault Systems Inc Corporation (CVLT.O) Earnings Conference Call
Positive
Revenue and Subscription Growth: Total revenue increased 21% to $263 million, driven by a robust 39% increase in subscription revenue.
Annual Recurring Revenue Growth: Total ARR grew 18% to $890 million, with subscription ARR increasing by 29% to $734 million, accounting for 83% of total ARR.
SaaS ARR Growth: SaaS ARR reached $259 million, growing 71%, with a notable 75% increase in constant currency.
Strong EBIT Margins: Non-GAAP EBIT margins were 20.8%, at the high end of guidance, reflecting strong operational efficiency and profitability.
Stock Repurchase Activity: The company repurchased $32 million of stock in Q3, representing 107% of free cash flow for the quarter.
Negative
ARR Growth Challenges: Total ARR growth of 18% to $890 million was below expectations, indicating potential challenges in sustaining growth momentum.
High Operating Expenses Concerns: Operating expenses remained high at $160 million, representing 61% of total revenue, which raises concerns about cost management and profitability.
Free Cash Flow Challenges: Free cash flow of $30 million was negatively impacted by foreign exchange headwinds and tax payments, suggesting potential liquidity issues going forward.
Acquisition Impact on Margins: The Clumio acquisition is expected to dilute operating margins by 1-2 percentage points for 2-3 quarters, indicating a temporary setback in profitability.
Currency Headwinds Impacting Revenue: Despite a strong sales performance, the company anticipates continued foreign currency headwinds, which could affect future revenue growth projections.
CVLT FAQs
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CVLT Earning Call Sentiment
Earnings call transcript: CommVault Q3 2024 beats EPS, stock dips
CVLT.O
-0.64%Positive
The earnings call reveals strong financial performance with a 21% YoY revenue increase and robust SaaS ARR growth of 71%. Strategic partnerships with AWS and Google Cloud, alongside a significant share repurchase program, further bolster positive sentiment. Despite some risks like foreign exchange headwinds and Clumio integration challenges, the optimistic guidance and continued investment in growth suggest a favorable outlook. The Q&A indicates strong SaaS momentum and effective go-to-market execution, supporting a positive stock price reaction over the next two weeks.
