Feeds

Biz data-furtler CommVault reveals unexpected riches

Who says you need more than one product?

Next gen security for virtualised datacentres

CommVault's government and enterprise customers bought its software in record numbers, leading to a spike in revenues and a sudden onrush of affection from Wall St brokers when it beat estimates for both sales and profits. That said, the firm is a one-trick pony, but what a pony; the nag just keeps on running.

CommVault produces Simpana, a data protection, archiving and management software suite. It has just certified Coraid's EtherDrive arrays, having the knack of being a desirable partner for any storage array or tape library vendor.

Total revenues for the third quarter of fiscal 2013 were $128.1m, an increase of 24 per cent over the year-ago quarter and 8 per cent more than the prior quarter.

Net income was $12.2m, $5m more than the year-ago quarter, but $1.7m less than the preceding quarter. The same thing happened to profits last year, with third quarter revenues up over the second quarter but profits down compared to second quarter profits, which may be down to increased investment in product development. “Our year-over-year software revenue growth of 28 per cent was driven by an all-time high volume of enterprise deals (transactions greater than $100,000) and outstanding execution from all of our major geographic operations,” said CEO N Robert Hammer in a statement.

Software revenue in the third quarter, ended 31 December 2012, was $65.9m, an increase of 28 per cent annually, and 11 per cent sequentially. Services revenue was $62.2m, 19 per cent more annually and 6 per cent sequentially.

CommVault results to Q3 fy2013

Product development is ongoing. Stifel Nicolaus analyst Aaron Rakers writes: "CommVault is scheduled to launch its next-gen Simpana 10 platform on Feb 25th in NYC. ... this includes +20 million new lines of code with significant enhancements to its core data management capabilities."

With the string of quarterly results in its 2013 financial year so far; $111.3m, $118.2m, and $128.1m, CommVault could be on track for its first half billion dollar year if the fourth quarter delivers the goods. ®

5 things you didn’t know about cloud backup

More from The Register

next story
The Return of BSOD: Does ANYONE trust Microsoft patches?
Sysadmins, you're either fighting fires or seen as incompetents now
Oracle reveals 32-core, 10 BEEELLION-transistor SPARC M7
New chip scales to 1024 cores, 8192 threads 64 TB RAM, at speeds over 3.6GHz
Docker kicks KVM's butt in IBM tests
Big Blue finds containers are speedy, but may not have much room to improve
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
Gartner's Special Report: Should you believe the hype?
Enough hot air to carry a balloon to the Moon
Flash could be CHEAPER than SAS DISK? Come off it, NetApp
Stats analysis reckons we'll hit that point in just three years
Dell The Man shrieks: 'We've got a Bitcoin order, we've got a Bitcoin order'
$50k of PowerEdge servers? That'll be 85 coins in digi-dosh
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Solving today's distributed Big Data backup challenges
Enable IT efficiency and allow a firm to access and reuse corporate information for competitive advantage, ultimately changing business outcomes.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.