Company: CVLT
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001169561-25-000069
Chunk: 64

Company: COMMVAULT SYSTEMS INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Item 2
Chunk 64
---
 the amounts in thousands. As a result, the sum of the components reported in millions may not equal the total amount reported in millions due to rounding. 

Three months ended June 30, 2025 compared to three months ended June 30, 2024

Revenues ($ in millions)

Three Months Ended June 30,20252024% ChangeSubscription:Term-based license$109.3 $80.4 36 %SaaS72.4 43.7 66 %Total subscription181.7 124.1 46 %Perpetual license7.3 13.7 (47)%Customer support79.0 76.3 4 %Other services13.9 10.6 31 %Total revenues$282.0 $224.7 26 %

–Total revenues increased $57.3 million, or 26% year over year, driven primarily by an increase in both term-based license revenue and SaaS revenue, partially offset by a decrease in perpetual license revenue. We remain focused on selling subscription arrangements through both term-based software licenses and SaaS offerings. 

–Term-based license revenue increased $28.9 million, or 36% year over year, primarily due to a 39% increase in larger transactions (deals greater than $0.1 million) period over period. This increase was driven by a 24% increase in customer volume and a 12% increase in the average selling price for larger transactions.

–SaaS revenue increased $28.8 million, or 66% year over year, as a result of growth in both new customer acquisitions and expansion of our existing customer base. 

–Perpetual license revenue decreased $6.4 million, or 47% year over year. Our preferred route to market for software is led by the sale of term-based licenses. Perpetual licenses are generally only sold in certain verticals and geographies.

–Customer support revenue increased $2.7 million, or 4% year over year, driven by a $7.9 million increase in customer support revenue related to term-based license arrangements, partially offset by a $5.2 million decrease in customer support revenue attached to perpetual license support renewals.

–Other services revenue increased $3.3 million, or 31% year over year. Changes in other services revenue can vary period over period, primarily due to the timing professional services are delivered.

We track total revenues on a geographic basis. Our Americas