CommVault Systems Beats on Both Top and Bottom Lines
CommVault Systems (NAS: CVLT) reported earnings on July 30. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q1), CommVault Systems beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share expanded significantly. GAAP earnings per share expanded significantly.
Margins grew across the board.
CommVault Systems reported revenue of $134.4 million. The 15 analysts polled by S&P Capital IQ wanted to see a top line of $132.1 million on the same basis. GAAP reported sales were 21% higher than the prior-year quarter's $111.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.40. The 16 earnings estimates compiled by S&P Capital IQ predicted $0.34 per share. Non-GAAP EPS of $0.40 for Q1 were 33% higher than the prior-year quarter's $0.30 per share. GAAP EPS of $0.27 for Q1 were 29% higher than the prior-year quarter's $0.21 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 86.8%, 50 basis points better than the prior-year quarter. Operating margin was 15.9%, 110 basis points better than the prior-year quarter. Net margin was 10.0%, 90 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $139.3 million. On the bottom line, the average EPS estimate is $0.39.
Next year's average estimate for revenue is $577.4 million. The average EPS estimate is $1.66.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 232 members out of 259 rating the stock outperform, and 27 members rating it underperform. Among 80 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 70 give CommVault Systems a green thumbs-up, and 10 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on CommVault Systems is outperform, with an average price target of $84.08.
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The article CommVault Systems Beats on Both Top and Bottom Lines originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.