Commvault Systems (CVLT) Misses Q4 EPS by 2c, Revenues Miss

Commvault Systems (NASDAQ: CVLT) reported Q4 EPS of $0.51, $0.02 worse than the analyst estimate of $0.53. Revenue for the quarter came in at $181.4 million versus the consensus estimate of $187.21 million.

"Commvault has implemented extensive operational and organizational changes over the past twelve months, which have enabled us to reduce costs, increase repeatable revenues, and deliver significant year-over-year earnings growth. However, we have more work to do to ensure that Commvault reaches its full potential," said Sanjay Mirchandani, Commvault\'s President and CEO. "Since joining Commvault a few months ago, I've consistently heard from customers and partners that Commvault has the best technology to protect, manage and use data. Our record of innovation has, and will, continue to be core to our success. To better capture the market opportunity that our innovation creates, we are focused on simplifying our business and improving execution. Actions are underway in each of these areas, and our employees are energized about where Commvault is heading. I am confident we have the foundation necessary to drive increased levels of profitable growth and value creation."

For earnings history and earnings-related data on Commvault Systems (CVLT) click here.

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