Earnings Releases·Oct 27, 2026, 7:48 AM ET

Commvault — Second Quarter Fiscal 2027 Earnings Summary

Total revenue rose 13% year over year to $312.4 million, driven by a 21% increase in subscription revenue to $269 million and a 33% surge in SaaS revenue to $106 million, while perpetual license revenue declined 40% year over year.
Net income increased to $29.1 million ($0.69 diluted EPS) from $14.7 million in the prior year period, with non-GAAP net income reaching $58.3 million ($1.38 diluted EPS) and operating cash flow at $75 million.
Full-year Fiscal 2027 guidance was reaffirmed, projecting subscription revenue between $1,127 million and $1,133 million, non-GAAP EBIT margin between 21.0% and 21.5%, and free cash flow between $255 million and $265 million.
The company executed $119 million in stock repurchases (approx. 906,000 shares) during the first six months of the fiscal year and maintains a strong balance sheet with $897 million in cash and cash equivalents.
Strategic initiatives include the launch of Commvault Active Directory Pre Recover, FedRAMP High Authorized Cyber Resilience Services expansion, and Google Threat Intelligence integration, reflecting a focus on AI-driven data resilience.