Recent Updates — CVLT

Commvault Systems appointed David Morton Jr. to its Board of Directors on September 22, 2026, effective immediately, with his term lasting until the 2027 Annual Meeting of Stockholders. Mr. Morton was also designated as Chairperson of the Operating Committee and is considered independent under Nasdaq listing standards. He currently serves as Executive Vice President and CFO of Intapp, Inc., bringing prior financial leadership experience from DigiCert, Anaplan, and Seagate Technology. His appointment adds significant SaaS and cybersecurity expertise to the Board. Commvault Systems operates in the technology industry, providing unified data resilience, security, and cyber recovery solutions for enterprises.

Commvault Systems reported first-quarter fiscal 2027 results ending June 30, 2026, with total revenues of $314.1 million, an 11% increase year-over-year. Subscription revenue reached a record $267 million, up 16%, while subscription annualized recurring revenue (ARR) grew 22% to $1,054 million. The company reported GAAP net income of $21.1 million ($0.50 diluted EPS) and non-GAAP net income of $59.2 million ($1.42 diluted EPS). Free cash flow increased 71% to $51 million. Commvault provided updated full-year fiscal 2027 guidance, projecting subscription revenue between $1,119 million and $1,129 million, non-GAAP EBIT margin of approximately 21%, and free cash flow between $250 million and $260 million. The company also announced a multi-year strategic partnership with Microsoft to offer its AI and cyber resilience solutions on Azure. Commvault operates in the enterprise data protection and cyber resilience software industry.