The 10-second takeaway
For the quarter ended June 30 (Q1), CommVault Systems beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share expanded significantly. GAAP earnings per share expanded significantly.
Margins grew across the board.
CommVault Systems reported revenue of $134.4 million. The 15 analysts polled by S&P Capital IQ wanted to see a top line of $132.1 million on the same basis. GAAP reported sales were 21% higher than the prior-year quarter's $111.3 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 $0.40. The 16 earnings estimates compiled by S&P Capital IQ predicted $0.34 per share. Non-GAAP EPS of $0.40 for Q1 were 33% higher than the prior-year quarter's $0.30 per share. GAAP EPS of $0.27 for Q1 were 29% 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 86.8%, 50 basis points better than the prior-year quarter. Operating margin was 15.9%, 110 basis points better than the prior-year quarter. Net margin was 10.0%, 90 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $139.3 million. On the bottom line, the average EPS estimate is $0.39.
Next year's average estimate for revenue is $577.4 million. The average EPS estimate is $1.66.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 232 members out of 259 rating the stock outperform, and 27 members rating it underperform. Among 80 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 70 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 $84.08.
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