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Commvault Systems' Fiscal Q1 Non-GAAP Earnings, Revenue Rise; Fiscal Q2 Revenue Guidance Issued, 2025 Revenue Outlook Lifted
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Commvault Systems' Fiscal Q1 Non-GAAP Earnings, Revenue Rise; Fiscal Q2 Revenue Guidance Issued, 2025 Revenue Outlook Lifted
Jul 30, 2024 5:51 AM

08:28 AM EDT, 07/30/2024 (MT Newswires) -- Commvault Systems ( CVLT ) reported fiscal Q1 non-GAAP earnings Tuesday of $0.85 per diluted share, up from $0.72 a year earlier.

Analysts polled by Capital IQ expected $0.73.

Total revenue for the quarter ended June 30 was $224.7 million, up from $198.2 million a year earlier.

Analysts surveyed by Capital IQ expected $215.5 million.

For fiscal Q2, the company expects total revenue to be between $218 million to $222 million. Analysts polled by Capital IQ expect $218 million.

For fiscal 2025, Commvault ( CVLT ) said it now expects total revenue in the range of $915 million to $925 million, up from its prior guidance of $904 million to $914 million. Analysts surveyed by Capital IQ expect $911 million.

Shares of the company were up nearly 5% in recent Tuesday premarket activity.

Price: 129.00, Change: +5.80, Percent Change: +4.71

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