Company: CVLT
Filing Date: 2025-07-25
Form Type: CORRESP
Source: 0001169561-25-000064
Chunk: 1

Company: COMMVAULT SYSTEMS INC
Filing Date: 2025-07-25
Form: CORRESP
Chunk 1
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 and appreciate the opportunity to further clarify our revenue presentation and related disclosures.

In consideration of the Staff’s comment, in future filings, beginning with our Form 10-Q for the quarter ended June 30, 2025, we will revise our revenue presentation and disclosures as outlined below:

1. Revenue Disaggregation on the Face of the Financial Statements (Rule 5-03(b) of Regulation S-X)

We will revise the presentation of revenues and cost of revenues on the face of our consolidated statements of operations to separately present:

• Term software license revenue and related costs

• Software-as-a-service (SaaS) revenue and related costs

• Perpetual license revenue and related costs (which are currently presented separately and will continue to be)

We also will include a subtotal labeled “Total Subscription” that combines term software license and SaaS revenues and costs, consistent with how we internally manage and evaluate these offerings.

2. Revenue Recognition Disclosures (ASC 606-10-50-1)

We will revise our disclosures to separately disaggregate revenue recognized from term-based licenses and SaaS offerings on the face of our consolidated statements of operations. In addition, we will enhance the accompanying narrative disclosure to further clarify the nature and timing of revenue recognition for each of these components, in accordance with ASC 606-10-50-1.

3. Management’s Discussion and Analysis (Item 303 of Regulation S-K)

We will enhance our management’s discussion and analysis to include both quantitative and qualitative discussion regarding how revenue recognized from term-based licenses and SaaS offerings impacts our results of operations. We also will continue to monitor and disclose specific trends or business drivers associated with these revenue streams, as they become material.

We believe these revisions will improve the clarity and usefulness of our financial reporting and will align with the requirements of Rule 5-03(b) of Regulation S-X, ASC 606-10-50-1 and Item 303 of Regulation S-K. Our primary objective remains to provide investors with meaningful insight into how we manage and operate our business.

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U.S. Securities and Exchange Commission

July 25, 2025

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If you should have any questions or comments, please do not hesitate to contact Raquel Fox of Skadden, Arps, Slate, Meagher & Flom LLP at (202) 371-7050.

| Commvault Systems, Inc. |
| /s/ Jennifer DiRico     |
| Jennifer DiRico