Company: CVLT
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001169561-25-000089
Chunk: 13

Company: COMMVAULT SYSTEMS INC
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 1
Chunk 13
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ly over the course of the support contract (over time)At the beginning of the contract period Observable in renewal transactionsOther Services Other professional servicesAs work is performed (over time)Within 90 days of services being performedObservable in transactions without multiple performance obligationsJudgments Related to Revenue RecognitionMost of our contracts with customers contain multiple performance obligations. For these contracts, we evaluate and account for individual performance obligations separately if they are determined to be distinct. The transaction price is allocated to the separate performance obligations on a relative standalone selling price basis. Standalone selling prices of software licenses (both term-based and perpetual) are typically estimated using the residual approach. Standalone selling prices for SaaS, customer support contracts, and other services are typically estimated based on observable transactions when these services are sold on a standalone basis. We recognize revenue net of sales tax.Disaggregation of RevenuesWe disaggregate revenues from contracts with customers into geographical regions. Our Americas region includes the United States, Canada, and Latin America. Our International region primarily includes Europe, Middle East, Africa, Australia, India, Southeast Asia, and China.Three Months Ended September 30,Six Months Ended September 30,2025202420252024Americas$168,125 $144,408 $339,053 $283,133 International108,063 88,870 219,113 174,817 Total revenues$276,188 $233,278 $558,166 $457,950 

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

Remaining Performance ObligationsRemaining performance obligations represent expected future revenue from existing contracts where performance obligations are unsatisfied or partially unsatisfied at the end of the reporting period. Remaining performance obligations include unfulfilled contracts at the end of a given period and can include subscription arrangements (term-based licenses and SaaS), customer support and other services. As of September 30, 2025, our remaining performance obligations (inclusive of deferred revenue) were $853,543, of which approximately 61% is expected to be recognized as revenue over the next 12 months and the remainder recognized thereafter.Remaining performance obligations, excluding deferred revenue, related to subscription arrangements, customer support revenue and other services were $95,302, $52,955, and $29,564, respectively. Of these balances, we expect approximately 49% of subscription arrangements, 36%