Commvault reported fiscal Q1 2027 results for the quarter ended June 30, 2026, with subscription revenue of $267.0 million (up 16% year‑over‑year) and subscription ARR reaching $1,054.3 million (up 22% year‑over‑year). Total revenues were $314.1 million and free cash flow was $51.1 million, a 71% increase year‑over‑year. Management highlighted strong SaaS growth and record profitability driven by its AI‑enabled platform.

Financial Highlights

  • Total revenues: $314,131 thousand for the three months ended June 30, 2026.
  • Subscription revenue: $267,027 thousand, up 16% year‑over‑year.
  • Subscription ARR: $1,054,311 thousand as of June 30, 2026 (up 22% year‑over‑year).
  • Gross profit: $256,522 thousand (as reported in consolidated statements of operations).
  • Income from operations (GAAP): $25,719 thousand; Non‑GAAP EBIT: $71,473 thousand. Non‑GAAP diluted EPS: $1.42.
  • Net income (GAAP): $21,139 thousand; Free cash flow (non‑GAAP): $51,101 thousand.

Business Highlights

  • SaaS momentum: SaaS revenue surpassed $100 million in the quarter, increasing 39% year‑over‑year; SaaS ARR rose to $424,337 thousand.
  • Customer retention and expansion: Subscription net dollar retention rate reported at 114% (trailing four quarters basis).
  • Strategic partnership: Multi‑year collaboration with Microsoft to offer Commvault’s AI and cyber resilience solutions as a native ISV service on Microsoft Azure.
  • Market recognition: Named a Leader in the Gartner Magic Quadrant for Backup and Data Protection Platforms for the 15th consecutive year.
  • Capital allocation: Repurchased ~98,000 shares for $10 million during the quarter; company expects share repurchases of ~60% of free cash flow for fiscal 2027.

Original SEC Filing:

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