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Commvault Systems Inc (CVLT) SEC Filing 10-K Annual Report for the fiscal year ending Thursday, March 31, 2022

SEC Filings

Commvault Systems Inc

CIK: 1169561 Ticker: CVLT

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Investor Relations Contact:    
Michael J. Melnyk, CFA
732-870-4581
mmelnyk@commvault.com


Media Relations Contact:                    
Miranda Foster
732-728-5378     
mfoster@commvault.com      

Commvault Announces Fiscal 2022 Fourth Quarter Financial Results
---Record quarterly and annual revenue ---
--- Fourth quarter software and products revenue up 12% year over year ---
--- Fourth quarter recurring revenue up 19% year over year ---
---Annualized recurring revenue (ARR) up 13% year over year ---

Fourth quarter and Fiscal 2022 highlights include:

Fourth quarterFiscal 2022
GAAP Results:
Revenues
$205.9 million$769.6 million
Income from Operations (EBIT)$11.4 million$41.6 million
EBIT Margin5.6%5.4%
Diluted Earnings Per Share$0.17$0.71
Non-GAAP Results:
Income from Operations (EBIT)$46.6 million$161.7 million
EBIT Margin22.6%21.0%
Diluted Earnings Per Share
$0.75$2.51



Tinton Falls, N.J. – May 3, 2022
– Commvault [NASDAQ: CVLT] today announced its financial results for the fourth quarter and fiscal year ended March 31, 2022.

“We are pleased to have delivered another record quarter to cap off the best year in our history," said Sanjay Mirchandani, President and CEO. "Demand is strong for our differentiated portfolio, our team is executing, and we are taking market share. We are excited about our growth prospects in the new fiscal year."
Total revenues for the fourth quarter of fiscal 2022 were $205.9 million, an increase of 8% year over year. Total recurring revenue was $173.2 million, an increase of 19% year over year. For the full fiscal year, total revenues were $769.6 million, an increase of 6% from fiscal year 2021.



The following information was filed by Commvault Systems Inc (CVLT) on Tuesday, May 3, 2022 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Commvault Systems Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2022 10-K Annual Report includes:

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Inside Commvault Systems Inc's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Audit Information
Cover Page
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income (Loss)
Consolidated Statements Of Operations
Consolidated Statements Of Stockholders' Equity
Accrued Liabilities
Accrued Liabilities (Details)
Accrued Liabilities (Tables)
Business Combination
Business Combination (Tables)
Business Combination - Actual And Unaudited Pro Forma Information (Details)
Business Combination - Additional Information (Details)
Business Combination - Summarizes Purchase Price And Preliminary Purchase Price Allocation (Details)
Capitalization
Capitalization (Details)
Commitments And Contingencies
Commitments And Contingencies (Details)
Commitments And Contingencies (Tables)
Employee Benefit Plan
Employee Benefit Plan - Additional Information (Details)
Goodwill And Intangible Assets, Net
Goodwill And Intangible Assets, Net (Tables)
Goodwill And Intangible Assets, Net - Additional Information (Details)
Goodwill And Intangible Assets, Net - Goodwill (Details)
Goodwill And Intangible Assets, Net - Intangible Assets, Net (Details)
Goodwill And Intangible Assets, Net - Schedule Of Estimated Future Amortization Expenses (Details)
Income Taxes
Income Taxes (Tables)
Income Taxes - Additional Information (Details)
Income Taxes - Components Of Deferred Tax Assets And Liabilities (Details)
Income Taxes - Components Of Income Before Income Taxes (Details)
Income Taxes - Components Of Income Tax Expense (Benefit) (Details)
Income Taxes - Reconciliation Of Amounts Of Unrecognized Tax Benefits (Details)
Income Taxes - Reconciliation Of Statutory Tax Rates And Effective Tax Rates (Details)
Leases
Leases (Tables)
Leases - Cash Flow Information (Details)
Leases - Maturities Of Lease Liabilities (Details)
Leases - Net Lease Costs Recognized (Details)
Leases - Schedule Of Lease Term And Discount Rate (Details)
Nature Of Business
Property And Equipment
Property And Equipment (Tables)
Property And Equipment - Additional Information (Details)
Property And Equipment - Schedule Of Property And Equipment (Details)
Restructuring
Restructuring (Tables)
Restructuring - Activity In Restructuring Accruals (Details)
Restructuring - Restructuring Charges (Details)
Revenue
Revenue (Tables)
Revenue - Additional Information (Details)
Revenue - Disaggregation Of Revenue (Details)
Revenue - Opening And Closing Balances (Deferred Revenue) (Details)
Revenue - Opening And Closing Balances (Receivables) (Details)
Revenue - Performance Obligations (Details)
Revolving Credit Facility
Revolving Credit Facility (Details)
Segment Information
Segment Information (Tables)
Segment Information - Additional Information (Details)
Segment Information - Schedule Of Long-Lived Assets By Geographic Area (Details)
Segment Information - Schedule Of Revenue By Geographic Area (Details)
Stock Plans
Stock Plans (Tables)
Stock Plans - Activity For Stock Incentive Plans (Details)
Stock Plans - Additional Information (Details)
Stock Plans - Awards With A Market Condition (Details)
Stock Plans - Employee Stock Purchase Plan (Details)
Stock Plans - Performance Based Awards (Details)
Stock Plans - Restricted Stock Unit Activity (Details)
Stock Plans - Stock-Based Compensation Expense (Details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies (Tables)
Summary Of Significant Accounting Policies - Additional Information (Details)
Summary Of Significant Accounting Policies - Computation Of Basic And Diluted Net Income Per Common Share (Details)
Summary Of Significant Accounting Policies - Summary Of Potential Outstanding Common Stock Equivalents (Details)
Ticker: CVLT
CIK: 1169561
Form Type: 10-K Annual Report
Accession Number: 0001169561-22-000018
Submitted to the SEC: Fri May 06 2022 2:41:13 PM EST
Accepted by the SEC: Fri May 06 2022
Period: Thursday, March 31, 2022
Industry: Prepackaged Software

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