Company: CVLT
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001169561-25-000069
Chunk: 40

Company: COMMVAULT SYSTEMS INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Item 8
Chunk 40
---
$23,496 $18,527 Basic net income per common share:Basic weighted average shares outstanding44,326 43,678 Basic net income per common share$0.53 $0.42 Diluted net income per common share:Basic weighted average shares outstanding44,326 43,678 Dilutive effect of restricted stock units957 1,308 Diluted weighted average shares outstanding45,283 44,986 Diluted net income per common share$0.52 $0.41 The diluted weighted average shares outstanding excludes RSUs, PSUs, common shares to be purchased under the ESPP and outstanding stock options totaling 157 and 175 for the three months ended June 30, 2025 and 2024, respectively, because the effect of including them would have been anti-dilutive.

13

Table of Contents      Commvault Systems, Inc.Notes to Consolidated Financial Statements - Unaudited (continued)(In thousands, except per share data)

6.    Commitments and Contingencies 

We do not believe that we are currently party to any pending legal action that could reasonably be expected to have a material adverse effect on our business or operating results.

7.    Capitalization

On April 17, 2025, our board of directors (the "Board") approved an increase of the existing share repurchase program so that $250,000 was available. The Board's authorization has no expiration date. For the three months ended June 30, 2025, we repurchased $15,050 of our common stock, or approximately 82 shares. The remaining amount available under the current authorization as of June 30, 2025 was $234,950. Our stock repurchase program has been funded by our existing cash and cash equivalent balances, as well as cash flows provided by our operations.

8.    Stock Plans

The following table presents the stock-based compensation expense included in cost of revenues, sales and marketing, research and development, general and administrative and restructuring expenses for the three months ended June 30, 2025 and 2024. Stock-based compensation is attributable to RSUs, PSUs and the ESPP. Three Months Ended June 30, 20252024Cost of revenues$1,249 $1,581 Sales and marketing12,586 9,486 Research and development7,070 5,164 General and administrative9