Commvault's Q3 ARR Grew To $752M, Up 17% YoY

Author: Benzinga Newsdesk | January 30, 2024 08:53am
Fiscal 2024 Third Quarter Highlights - Total revenues were $216.8 million, up 11% year over year Total ARR1 grew to $752 million, up 17% year over year Subscription

Fiscal 2024 Third Quarter Highlights -

• Total revenues were $216.8 million, up 11% year over year
• Total ARR1 grew to $752 million, up 17% year over year
• Subscription revenue was $114.2 million, up 31% year over year
• Subscription ARR1 grew to $571 million, up 29% year over year
• Income from operations (EBIT) was $21.1 million, an operating margin of 9.7%
• Non-GAAP EBIT2 was $46.7 million, an operating margin of 21.5%
• Operating cash flow was $44.4 million, with free cash flow2 of $42.6 million
• Third quarter share repurchases were $51.3 million, or approximately 711,000 shares of common stock

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