Commvault Systems(NASDAQ) CVLT

Commvault helps businesses keep their digital files and data safe from cyberattacks like ransomware. The company makes software that copies and restores information across office computers and cloud storage. These tools help organizations get back to work quickly if their systems are damaged or hacked.

What Commvault Sells

• Subscription: Term-based software licenses and cloud-hosted services that account for 66% of total revenues in Q3 2026.
• Customer Support: Professional help and software updates for active users representing 26% of total revenues in Q3 2026.
• Perpetual Licenses: Software sold for a one-time fee for specific industries or regions; accounts for 4% of total revenues in Q3 2026.
• Other Services: Consulting, setup, and education services to help customers use their tools; represents 4% of total revenues in Q3 2026.

New Moves and Growth

• Acquired Appranix, Inc. to help customers recover cloud applications faster after a system failure.
• Purchased Satori Cyber, Ltd. in August 2025 to add artificial intelligence and data security governance to the product list.
• Launched Commvault Cloud, a new platform designed to improve cyber resiliency across different computer environments.
• Sold and leased back the corporate headquarters in Tinton Falls in April 2025 to increase available cash.

Where the Company Stands

Commvault reaches customers globally through a network of resellers and partners that handle 90% of all sales. The business is shifting away from one-time software sales to focus on recurring subscription and cloud-based services.

Checking the Ledger

• Total revenues reached $313.8 million in Q3 2026, up 19.5% from the previous year.
• Net income grew to $17.8 million in Q3 2026, a 61.3% increase year-over-year.
• Subscription revenue hit $206.3 million in Q3 2026, up 30% from $158.3 million a year earlier.
• The company issued $900 million in convertible senior notes in September 2025 to fund growth and share repurchases.
• International sales grew 26% year-over-year in Q3 2026, now making up 43% of total revenues.

Bottom Line

Commvault has successfully transitioned from a traditional software provider into a subscription-focused security firm. This shift to recurring cloud revenue helps the company stay relevant as businesses move their data to the internet.