Commvault rises after lifting annual revenue forecast

Commvault Systems

28/01/2025 13:23

** Cybersecurity company Commvault Systems'  CVLT.O  shares
rise 5.5% to $167 premarket
    ** Company raises annual revenue forecast to between $980
million and $985 million from previous range of $952 million to
$957 million
    ** Revenue for Q4 grew ~21% driven by subscription and
perpetual license segment growth
    ** Posts Q3 revenue of $262.6 million, above estimates of
$245.6 million and adjusted EPS of 94 cents, above expectations
of 87 cents - data compiled by LSEG
    ** Also expects Q4 revenue between $260 million and $264
million, above estimates of $251.3 million
    ** CVLT rose 89% in 2024
    

 (Reporting by Neil J Kanatt in Bengaluru)
 ((Neil.JKanatt@thomsonreuters.com;))