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CommVault Systems, Inc.

CVLT Technology Software Application

CommVault Systems, Inc.’s revenue for fiscal 2026 (year ended March 2026) was $1.2 billion, up 18.9% from fiscal 2025. In the quarter to June 2026, revenue grew 11.4%, EPS fell 3.77% and free cash flow grew 71.5%, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for three.

157.25 6.25 +4.14%
Market cap
$6.3B
P/E
99.5×
Fwd P/E
50.7×
Dividend yield
—
F-score
4/9
Altman Z
1.16
Beneish M
−2.96
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

CommVault Systems, Inc. (CVLT) Business Profile

Updated before January 2025

Company Overview

CommVault Systems, Inc. (CVLT) is a leading provider of data protection and information management solutions. Founded in 1988 as a development group within Bell Labs, the company was later spun off as an independent entity in 1996. Headquartered in Tinton Falls, New Jersey, CommVault has established itself as a global leader in enterprise data management. The company is led by Sanjay Mirchandani, who serves as the President and Chief Executive Officer (CEO). Under his leadership, CommVault has continued to innovate and expand its portfolio of products and services, catering to a wide range of industries and organizations.

CommVault operates with a mission to help businesses protect, access, and use their data more effectively. With a strong emphasis on innovation, the company has consistently been recognized for its cutting-edge technology and customer-centric approach. CommVault’s solutions are designed to address the challenges of data growth, compliance, and security, making it a trusted partner for organizations worldwide.

Core Business Segments

CommVault’s offerings are categorized into several core business segments, each designed to address specific data management needs. Below are the major product categories and services:

1. Data Protection and Backup Solutions

CommVault’s flagship product, CommVault Complete Data Protection, provides comprehensive backup and recovery solutions for businesses of all sizes. This product ensures data availability and resilience across on-premises, cloud, and hybrid environments. Key features include:

  • Automated backup and recovery processes.
  • Disaster recovery capabilities.
  • Support for virtual machines, databases, and applications.

2. Cloud Data Management

CommVault offers a suite of cloud-native solutions to help organizations manage their data in public, private, and hybrid cloud environments. Products like Metallic SaaS provide scalable and secure data protection services, including:

  • Backup-as-a-Service (BaaS).
  • Disaster Recovery-as-a-Service (DRaaS).
  • Long-term data retention and archiving.

3. Data Governance and Compliance

CommVault’s solutions also focus on helping organizations meet regulatory requirements and maintain data integrity. The CommVault Activate platform enables businesses to:

  • Gain insights into their data.
  • Identify sensitive information.
  • Ensure compliance with data privacy regulations like GDPR and CCPA.

4. Storage Optimization

CommVault provides tools to optimize storage usage and reduce costs. These solutions include:

  • Deduplication and compression technologies.
  • Tiered storage management.
  • Integration with leading storage vendors.

5. Professional Services

In addition to its software offerings, CommVault provides professional services to help organizations implement and optimize their data management strategies. These services include:

  • Consulting and advisory services.
  • Training and certification programs.
  • Managed services for ongoing support.

Business Model

CommVault operates on a subscription-based business model, generating revenue through the sale of software licenses, cloud services, and professional services. The company offers flexible pricing options, allowing customers to choose between perpetual licenses and subscription-based plans. This approach ensures that CommVault’s solutions are accessible to businesses of all sizes.

CommVault’s business model is built around the integration of its products and services. By offering a unified platform for data protection, management, and compliance, the company provides a seamless experience for its customers. This integrated approach not only simplifies data management but also enhances operational efficiency and reduces costs.

Strategic Direction

CommVault is focused on driving growth through innovation and strategic partnerships. The company’s future plans include:

  • Expanding Cloud Offerings: CommVault aims to strengthen its cloud-native solutions, such as Metallic SaaS, to meet the growing demand for cloud-based data management.
  • Enhancing AI and Automation: The company is investing in artificial intelligence (AI) and machine learning (ML) technologies to improve the efficiency and effectiveness of its solutions.
  • Sustainability Goals: CommVault is committed to reducing its environmental impact by optimizing its operations and promoting sustainable practices.
  • Exploring New Markets: The company is actively exploring opportunities in emerging markets and industries to expand its customer base.

Competitive Landscape

CommVault operates in a highly competitive market, facing competition from both established players and emerging startups. Key competitors include:

  • Veritas Technologies: Known for its backup and recovery solutions.
  • Veeam Software: A leader in cloud data management and backup solutions.
  • Dell EMC: Offers a wide range of data protection and storage solutions.
  • IBM: Provides enterprise-grade data management and analytics solutions.
  • Rubrik and Cohesity: Emerging players in the data management space with innovative approaches.

Despite the competition, CommVault differentiates itself through its comprehensive product portfolio, customer-centric approach, and strong focus on innovation.

Risk Factors

CommVault faces several risks that could impact its business operations and financial performance. Key risk factors include:

  • Market Dependence: The company’s revenue is heavily reliant on the sale of data management solutions. Any decline in demand for these products could adversely affect its financial performance.
  • Supply Chain Disruptions: Global supply chain challenges could impact the availability of hardware components and delay product deliveries.
  • Regulatory Compliance: Changes in data privacy regulations could increase compliance costs and operational complexities.
  • Economic Uncertainty: Economic downturns or geopolitical tensions could reduce IT spending by businesses, affecting CommVault’s revenue.

Recent Developments

CommVault has made significant strides in recent years, including:

  • Launch of Metallic SaaS: The company introduced its cloud-native SaaS platform, Metallic, to provide scalable and secure data protection services.
  • Partnerships with Cloud Providers: CommVault has partnered with leading cloud providers like Microsoft Azure, Amazon Web Services (AWS), and Google Cloud to enhance its cloud offerings.
  • Recognition and Awards: The company has received numerous accolades for its innovative solutions and customer service.
  • Global Expansion: CommVault has expanded its presence in emerging markets, including Asia-Pacific and Latin America, to tap into new growth opportunities.

Investment Considerations

Investors considering CommVault should weigh the following strengths and risks:

Strengths

  • Comprehensive product portfolio addressing diverse data management needs.
  • Strong focus on innovation and technology leadership.
  • Established partnerships with leading cloud providers.
  • Growing demand for cloud-based data management solutions.

Risks

  • Intense competition in the data management market.
  • Dependence on a limited number of key customers.
  • Exposure to economic and geopolitical uncertainties.

Conclusion

CommVault Systems, Inc. is a leading player in the data management industry, offering a comprehensive suite of solutions to address the challenges of data protection, compliance, and storage optimization. With a strong focus on innovation and customer satisfaction, the company is well-positioned to capitalize on the growing demand for cloud-based data management solutions. While it faces challenges from competitors and market uncertainties, CommVault’s strategic initiatives and commitment to excellence make it a compelling choice for businesses and investors alike.