Investor Relations Contact: 
Michael Picariello, Commvault          

Media Relations Contact:               
Leo Tignini, Commvault

Commvault Announces Fiscal 2019 Second Quarter Financial Results
-- Continued strong growth of repeatable revenues, up 22% Y-o-Y --
-- Subscription and Utility Annual Contract Value (ACV) Grew over 90% Y-o-Y to $76 million --
-- Significant Y-o-Y improvement in earnings and cash flows from Commvault Advance initiatives --

Second Quarter Highlights Include:
 Second quarter 
GAAP Results:
$169.1 million 
Income from Operations (EBIT)
$1.0 million 
EBIT Margin
Diluted Earnings Per Share $0.02 
Non-GAAP Results:
Income from Operations (EBIT)
$25.1 million 
EBIT Margin
Diluted Earnings Per Share

Tinton Falls, N.J. – October 30, 2018 – Commvault [NASDAQ: CVLT] today announced its financial results for the second quarter ended September 30, 2018.

N. Robert Hammer, Commvault’s Chairman, President and CEO stated, "During the quarter, we completed the majority of the operational initiatives of our Commvault Advance transformation. Our second quarter financial results partly reflect the temporary disruption from the implementation of these changes. These in-quarter actions were critical to implement our transformation strategy and, as a result, most of the major changes have now been completed and our entire company is focused on go-forward execution. The actions we took to align our cost structure were evidenced in the 61% year-over-year growth in Non-GAAP operating income.” Hammer added, “Now that the foundation of Commvault Advance is largely in place, we believe we are seeing increased momentum as our channel strategy, go-to-market initiatives and alliance partnerships are starting to show positive traction.”  

The following information was filed by Commvault Systems Inc (CVLT) on Tuesday, October 30, 2018 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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