Feeds

IT spending squeeze? Are you joking, cackles cash-flush CommVault

Four years of growth at storage biz? Sure, whatever

Remote control for virtualized desktops

Quarterly revenues up? Check. Annually and sequentially? Check. Annual revenues and profits? The same pattern. Any problems? Nope. Just another year at CommVault.

The company, which supplies Simpana backup, archiving and data data management software, operates like a Swiss watch and makes business look like child's play.

For its fourth fiscal 2013 quarter CommVault's revenues were $138.3 million, up 8 per cent over the previous quarter and 21 per cent year-on-year. Net income was $17 million, up 73.5 per cent year-on-year and 39 per cent sequentially.

CommVault's profit as a percentage of net revenues was 12.3 percent, the highest value El Reg's storage desk has seen in three years of watching the company.

The full year saw revenues of $495.9 million, a 22 per cent uplift on the previous year, and profits of $53.2 million, 67 per cent higher than a year ago.

CommVault Annual Revenues and Profits

Stairway to Heaven ... CommVault's annual figures

CommVault's chairman, president and CEO, N. Robert Hammer said the company's results were "driven by another quarter of record enterprise software deals and strong demand both domestically and internationally."

He should be so lucky. The share price has been climbing up with CommVault's annual results: CommVault shares have significantly outperformed market giant EMC. Yet EMC's annual results have climbed just like CommVault's have:

EMC Annual Results

EMC bared ... storage giant's results revealed

Why the difference in share price history? That's a matter of investor psychology and market sentiment, and trying to make sense of that is like listening to the ravings of a lunatic. We won't go there. But if you do want to go there then a forum topic has been set up here for your comments and discussion points.

Hammer expects double digit growth in fiscal 2014; it just keeps on getting better. See now, CommVault is boring and business is easy. Move along everybody; there's nothing to see here. ®

Intelligent flash storage arrays

More from The Register

next story
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
The DRUGSTORES DON'T WORK, CVS makes IT WORSE ... for Apple Pay
Goog Wallet apparently also spurned in NFC lockdown
Cray-cray Met Office spaffs £97m on VERY AVERAGE HPC box
Only 250th most powerful in the world? Bring back Michael Fish
Microsoft brings the CLOUD that GOES ON FOREVER
Sky's the limit with unrestricted space in the cloud
'ANYTHING BUT STABLE' Netflix suffers BIG Europe-wide outage
Friday night LIVE? Nope. The only thing streaming are tears down my face
IBM, backing away from hardware? NEVER!
Don't be so sure, so-surers
Google roolz! Nest buys Revolv, KILLS new sales of home hub
Take my temperature, I'm feeling a little bit dizzy
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.
The hidden costs of self-signed SSL certificates
Exploring the true TCO for self-signed SSL certificates, including a side-by-side comparison of a self-signed architecture versus working with a third-party SSL vendor.