Company: CVLT
Filing Date: 2025-06-25
Form Type: DEF 14A
Source: 0001169561-25-000059
Chunk: 74

Company: COMMVAULT SYSTEMS INC
Filing Date: 2025-06-25
Form: DEF 14A
Chunk 74
---
 not presented.

6. During fiscal 2025, Commvault incurred costs related to the acquisitions of Appranix, Inc. and Clumio, Inc., including legal, accounting and advisory services. Management believes, when used as a supplement to GAAP results, that the exclusion of these costs will help investors and financial analysts understand Commvault's operating results and underlying operational trends as compared to other periods.

7. Represents noncash impairment charges of assets held for sale.

8. Represents the change in the estimated fair value of the contingent consideration arrangement related to the acquisition of Appranix, Inc.

9. Represents a non-refundable escrow payment received related to assets held for sale.

10. The provision for income taxes is adjusted to reflect Commvault’s estimated non-GAAP effective tax rate of 24% for fiscal 2025, and 27% for fiscal 2024. Beginning in fiscal 2025, Commvault lowered its estimated non-GAAP effective tax rate from 27% to 24%. Commvault believes that a 24% rate more closely aligns with its effective tax rate expectations over the next few years.

#### 69COMMVAULT SYSTEMS, INC. |2025 PROXY STATEMENT
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#### 70COMMVAULT SYSTEMS, INC. |2025 PROXY STATEMENT
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#### 71COMMVAULT SYSTEMS, INC. |2025 PROXY STATEMENT
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#### 72COMMVAULT SYSTEMS, INC. |2025 PROXY STATEMENT
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#### 73COMMVAULT SYSTEMS, INC. |2025 PROXY STATEMENT
commvault.com | 888.746.3849 | ir@commvault.com