Commvault (CVLT) Q3 2025 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Mon, January 26, 2026 astatine 11:48 AM CST 43 min read

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Tuesday, Jan. 28, 2025 astatine 8:30 a.m. ET

• President & Chief Executive Officer — Sanjay Mirchandani

• Chief Financial Officer — Jen DiRico

• Vice President, Investor Relations — Michael Melnyk

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Sanjay Mirchandani: Thanks Mike. Good greeting and convey you for joining today’s call. Q3 was different record-breaking 4th for Commvault. Total gross accrued 21% to $263 million. Subscription gross grew 39% to $158 million. Total ARR improved 21% successful changeless currency. SaaS ARR jumped 75% successful changeless currency, and we did this profitably, signaling non-GAAP EBIT margins of 20.8%. At a clip erstwhile cyber resilience and information information could not beryllium much apical of caput for CSOs and IT leaders, we saw a beardown uptick successful transaction volume, awesome maturation successful our land-and-expand business, and an acceleration successful our integrated maturation rate. As we look to the future, we judge that Commvault is strategically positioned to win and win.

This is bolstered by 3 cardinal maturation drivers. First, the cyber resilience marketplace has ne'er been much dynamic oregon afloat of promise. We are uniquely positioned to capitalize connected this. Today, customers look unrelenting cyber attacks, a shifting regulatory landscape, and the exponential maturation of information from apical autochthonal and AI-generated applications. To woody with this, enterprises request a unified resilience level that spans their hybrid, multi-cloud environment. This is wherever Commvault thrives. Our Commvault unreality level is enterprise-grade and enables customers to easy support and unafraid immense amounts of data, including AI and ML information sets crossed clouds, and fixed astir customers are utilizing aggregate clouds, we are innovating crossed each large providers.

During the quarter, we announced the Commvault unreality level volition disposable to AWS customers. We besides introduced precocious unreality backup and cyber betterment capabilities for Google Workspace. This builds connected what we already bash contiguous with Microsoft Azure and Oracle Cloud. With respect to cloud, we are besides innovating successful unsocial ways to code captious betterment challenges. For example, 1 of the astir analyzable and time-consuming steps to retrieve a concern aft a cyber onslaught is rebuilding and validating ngo captious unreality autochthonal applications. Previously, this could instrumentality weeks oregon months; contiguous with unreality rewind, which includes technologies from our Appranix acquisition, customers tin bash this successful a fraction of the time.