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Commvault Systems Inc. today reported $188 million in revenue for its third fiscal quarter ended Dec. 31, a 7% improvement from the same time a year earlier and a new all-time record for the company.
Adjusted earnings per share set a record as well.
Commvault provides data protection software and appliances that enable organizations to ensure their business information remains accessible in the event of an outage. Over the last two years, the company has worked to shift from selling perpetual software licenses to a business model centered on recurring revenue and subscriptions. That effort is a major driver behind today’s earnings results.