CommVault Systems Inc. (CVLT, Financial) filed Quarterly Report for the period ended 2011-12-31.
Commvault Systems Inc. has a market cap of $2.24 billion; its shares were traded at around $51.455 with a P/E ratio of 88.7 and P/S ratio of 7.2. Commvault Systems Inc. had an annual average earning growth of 18.2% over the past 5 years.
Sales and Marketing. Sales and marketing expenses increased $12.3 million, or 28%, from $43.9 million in the three months ended December 31, 2010 to $56.1 million in the three months ended December 31, 2011. The increase is primarily due to a $10.0 million increase in employee compensation and related expenses attributable to the expansion of our sales force from the prior year as well as higher commissions expense due to record revenues and higher headcount. The increase in sales and marketing expenses also includes a $1.0 million increase in stock-based compensation expenses and a $0.4 million increase in advertising and marketing related expenses as we continue to build brand awareness for our Simpana software products. Sales and marketing expenses as a percentage of total revenues increased to 54% in the three months ended December 31, 2011 from 52% in the three months ended December 31, 2010.
Software Revenue. Software revenue increased $37.2 million, or 35%, from $105.8 million in the nine months ended December 31, 2010 to $143.0 million in the nine months ended December 31, 2011. Software revenue represented 49% of our total revenues in the nine months ended December 31, 2011 compared to 47% in the nine months ended December 31, 2010. The overall increase in software revenue was primarily driven by higher enterprise software transactions (transactions greater than $0.1 million), which increased by $23.7 million in the nine months ended December 31, 2011 compared to the nine months ended December 31, 2010. As a result, enterprise software transactions represented approximately 51% of our software revenue in the nine months ended December 31, 2011 and approximately 47% of our software revenue in the nine months ended December 31, 2010. The increase in enterprise software transactions is primarily due to a 39% increase in the number of transactions of this type. The average dollar amount of such transactions was approximately $244,000 in the nine months ended December 31, 2011 and approximately $229,000 in the nine months ended December 31, 2010. Software revenue derived from transactions less than $0.1 million increased $13.5 million, or 24%, in the nine months ended December 31, 2011 compared to the nine months ended December 31, 2010.
Sales and Marketing. Sales and marketing expenses increased $38.9 million, or 33%, from $118.3 million in the nine months ended December 31, 2010 to $157.1 million in the nine months ended December 31, 2011. The increase is primarily due to a $29.3 million increase in employee compensation and related expenses attributable to the expansion of our sales force from the prior year as well as higher commissions expense due to record revenues and higher headcount. The increase in sales and marketing expenses also includes $2.4 million in higher travel and related expenses due to the expansion of our sales force, a $2.1 million increase in stock-based compensation expenses and a $1.6 million increase in advertising and marketing related expenses as we continue to build brand awareness for our Simpana software products. Sales and marketing expenses as a percentage of total revenues increased to 54% in the nine months ended December 31, 2011 compared 53% in the nine months ended December 31, 2010.
General and Administrative. General and administrative expenses increased $4.5 million, or 18%, from $24.7 million in the nine months ended December 31, 2010 to $29.2 million in the nine months ended December 31, 2011. This increase is primarily due to a $2.7 million increase in employee and related compensation due to higher headcount and higher fiscal 2012 bonus expense, a $1.4 million increase in stock-based compensation expenses and a $0.3 million increase in legal, accounting and compliance costs. These increases were partially offset by higher net foreign currency transaction gains of $0.3 million. General and administrative expenses in the nine months ended December 31, 2011 includes less than $0.1 million of net foreign currency transaction gains compared to approximately $0.3 million of net foreign currency transaction losses recognized in general and administrative expenses in the nine months ended December 31, 2010. General and administrative expenses as a percentage of total revenues decreased to 10% in the nine months ended December 31, 2011 from 11% in the nine months ended December 31, 2010.
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Commvault Systems Inc. has a market cap of $2.24 billion; its shares were traded at around $51.455 with a P/E ratio of 88.7 and P/S ratio of 7.2. Commvault Systems Inc. had an annual average earning growth of 18.2% over the past 5 years.
Highlight of Business Operations:
Software revenue derived from enterprise software transactions (transactions greater than $0.1 million) represented approximately 47% of our software revenue in the three months ended December 31, 2011 and approximately 48% of our software revenue in the three months ended December 31, 2010. As a result, enterprise software transactions increased by $4.1 million, or 20%, in the three months ended December 31, 2011 compared to the three months ended December 31, 2010. This increase was primarily driven by a higher average dollar amount of such transactions, partially offset by a 2% decrease in the total number of transactions of this type. The average dollar amount of such transactions was approximately $269,000 in the three months ended December 31, 2011 and approximately $219,000 in the three months ended December 31, 2010. Software revenue derived from transactions less than $0.1 million increased $5.6 million, or 26%, in the three months ended December 31, 2011 compared to the three months ended December 31, 2010.Sales and Marketing. Sales and marketing expenses increased $12.3 million, or 28%, from $43.9 million in the three months ended December 31, 2010 to $56.1 million in the three months ended December 31, 2011. The increase is primarily due to a $10.0 million increase in employee compensation and related expenses attributable to the expansion of our sales force from the prior year as well as higher commissions expense due to record revenues and higher headcount. The increase in sales and marketing expenses also includes a $1.0 million increase in stock-based compensation expenses and a $0.4 million increase in advertising and marketing related expenses as we continue to build brand awareness for our Simpana software products. Sales and marketing expenses as a percentage of total revenues increased to 54% in the three months ended December 31, 2011 from 52% in the three months ended December 31, 2010.
Software Revenue. Software revenue increased $37.2 million, or 35%, from $105.8 million in the nine months ended December 31, 2010 to $143.0 million in the nine months ended December 31, 2011. Software revenue represented 49% of our total revenues in the nine months ended December 31, 2011 compared to 47% in the nine months ended December 31, 2010. The overall increase in software revenue was primarily driven by higher enterprise software transactions (transactions greater than $0.1 million), which increased by $23.7 million in the nine months ended December 31, 2011 compared to the nine months ended December 31, 2010. As a result, enterprise software transactions represented approximately 51% of our software revenue in the nine months ended December 31, 2011 and approximately 47% of our software revenue in the nine months ended December 31, 2010. The increase in enterprise software transactions is primarily due to a 39% increase in the number of transactions of this type. The average dollar amount of such transactions was approximately $244,000 in the nine months ended December 31, 2011 and approximately $229,000 in the nine months ended December 31, 2010. Software revenue derived from transactions less than $0.1 million increased $13.5 million, or 24%, in the nine months ended December 31, 2011 compared to the nine months ended December 31, 2010.
Sales and Marketing. Sales and marketing expenses increased $38.9 million, or 33%, from $118.3 million in the nine months ended December 31, 2010 to $157.1 million in the nine months ended December 31, 2011. The increase is primarily due to a $29.3 million increase in employee compensation and related expenses attributable to the expansion of our sales force from the prior year as well as higher commissions expense due to record revenues and higher headcount. The increase in sales and marketing expenses also includes $2.4 million in higher travel and related expenses due to the expansion of our sales force, a $2.1 million increase in stock-based compensation expenses and a $1.6 million increase in advertising and marketing related expenses as we continue to build brand awareness for our Simpana software products. Sales and marketing expenses as a percentage of total revenues increased to 54% in the nine months ended December 31, 2011 compared 53% in the nine months ended December 31, 2010.
General and Administrative. General and administrative expenses increased $4.5 million, or 18%, from $24.7 million in the nine months ended December 31, 2010 to $29.2 million in the nine months ended December 31, 2011. This increase is primarily due to a $2.7 million increase in employee and related compensation due to higher headcount and higher fiscal 2012 bonus expense, a $1.4 million increase in stock-based compensation expenses and a $0.3 million increase in legal, accounting and compliance costs. These increases were partially offset by higher net foreign currency transaction gains of $0.3 million. General and administrative expenses in the nine months ended December 31, 2011 includes less than $0.1 million of net foreign currency transaction gains compared to approximately $0.3 million of net foreign currency transaction losses recognized in general and administrative expenses in the nine months ended December 31, 2010. General and administrative expenses as a percentage of total revenues decreased to 10% in the nine months ended December 31, 2011 from 11% in the nine months ended December 31, 2010.
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