Published on 30 Apr 2024 on GuruFocus.com via Yahoo Finance
CommVault Systems Inc (CVLT) Fiscal 2024 Earnings Overview: Outperforms Revenue Estimates, ...
Q4 Revenue: Reported at $223.3 million, marking a 10% increase year-over-year, surpassing the estimated $212.51 million.Q4 Earnings Per Share (EPS): Non-GAAP EPS was $0.79, exceeding the estimated $0.73.Annual Revenue: Reached $839.2 million for the fiscal year, a 7% increase from the previous year, exceeding the estimated $828.47 million.Annual Earnings Per Share: Non-GAAP EPS for the year was $2.98, slightly above the estimate of $2.94.Subscription Revenue: Grew by 23% year-over-year to $429.2 million, indicating strong recurring revenue growth.Operating Cash Flow: Generated $203.8 million in the fiscal year, highlighting robust cash generation capabilities.Share Repurchases: Spent $184.0 million on share repurchases during the fiscal year, buying back approximately 2.479 million shares.
Warning! GuruFocus has detected 6 Warning Signs with CVLT.