Q4 2026 Commvault Systems Inc Earnings Call Transcript
Key Points
- CommVault Systems Inc (CVLT) reported a 27% increase in subscription ARR, reaching $989 million, with SaaS business growing 42% to $400 million in ARR.
- The company achieved a record free cash flow of $132 million in Q4, totaling $237 million for the fiscal year.
- CommVault Systems Inc (CVLT) added over 2,500 new subscription customers in fiscal year '26, indicating strong customer acquisition.
- The percentage of Commvault managed SaaS customers using more than one offering increased to 48%, showing successful multiproduct adoption.
- Identity resilience and data security offerings represented 33% of net new ARR in Q4, highlighting growth in emerging revenue streams.
- Data is increasingly scattered across environments, expanding the attack surface for cyber threats.
- Cyberattacks are growing in volume and sophistication, posing a significant challenge to data security.
- The rise of AI introduces more data, access, and risk, increasing the demand for protection and governance.
- CommVault Systems Inc (CVLT) faces competition from upstarts and other vendors in the on-prem market.
- The company anticipates fluctuations in quarterly results due to factors like software and SaaS transaction mix and renewal timing.
Hello, and welcome to the Commvault Q4 full year 2026 earnings conference call. (Operator Instructions)
Now, I would like to turn the call over to Mike Melnyk, Vice President of Investor Relations. Please go ahead, Mike.
Good morning, and welcome to our earnings conference call. Before we begin, I'd like to remind you that statements made on today's call will include forward-looking statements about Commvault's future expectations, plans and prospects.
All such forward-looking statements are subject to risks, uncertainties and assumptions. Please refer to the cautionary language in today's earnings release and Commvault's most recent periodic reports filed with the SEC for a discussion of the risks and uncertainties that could cause the company's actual results to be materially different from those contemplated in these forward-looking statements.
Commvault does not assume any obligation to update these statements. All Commvault's financial results are presented on a
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