The 10-second takeaway
For the quarter ended March 31 (Q4), CommVault Systems beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly. Non-GAAP earnings per share increased significantly. GAAP earnings per share grew significantly.
Gross margins were steady, operating margins grew, net margins grew.
CommVault Systems booked revenue of $138.3 million. The 13 analysts polled by S&P Capital IQ looked for sales of $134.0 million on the same basis. GAAP reported sales were 21% higher than the prior-year quarter's $114.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.41. The 14 earnings estimates compiled by S&P Capital IQ forecast $0.34 per share. Non-GAAP EPS of $0.41 for Q4 were 41% higher than the prior-year quarter's $0.29 per share. GAAP EPS of $0.35 for Q4 were 67% higher than the prior-year quarter's $0.21 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 87.1%, much about the same as the prior-year quarter. Operating margin was 15.8%, 360 basis points better than the prior-year quarter. Net margin was 12.3%, 370 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $130.5 million. On the bottom line, the average EPS estimate is $0.33.
Next year's average estimate for revenue is $572.1 million. The average EPS estimate is $1.57.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 233 members out of 261 rating the stock outperform, and 28 members rating it underperform. Among 78 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 68 give CommVault Systems a green thumbs-up, and 10 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on CommVault Systems is outperform, with an average price target of $76.08.
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