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TINTON FALLS, N.J. - Commvault Systems (NASDAQ:CVLT) shares jumped 4.2% in premarket trading Tuesday after the data management software company reported fiscal third quarter results that beat expectations and provided an optimistic outlook.
The company posted adjusted earnings of $0.94 per share for the quarter ended December 31, surpassing analyst estimates of $0.87 per share. Revenue rose 21% year-over-year to $262.6 million, exceeding the consensus forecast of $245.93 million.
Commvault's subscription revenue, a key growth metric, increased 39% to $158.3 million. Total (EPA:TTEF) annualized recurring revenue grew 18% to $890 million.
Looking ahead, Commvault projected fourth quarter revenue between $260 million and $264 million, above Wall Street's expectation of $251.3 million. For the full fiscal year 2025, the company raised its revenue guidance to a range of $980 million to $985 million, topping the consensus estimate of $955 million.
"Once again, Commvault has delivered a record-breaking quarter with accelerating revenue growth," said CEO Sanjay Mirchandani. "Our innovative approach to cyber resilience continues to win large net-new accounts and fuel our expansion business."
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