Company: CVLT
Filing Date: 2025-01-29
Form Type: 10-Q
Source: 0001169561-25-000007
Chunk: 1

Company: COMMVAULT SYSTEMS INC
Filing Date: 2025-01-29
Form: 10-Q
Item: Item 1
Chunk 1
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Commvault Systems, Inc.

Consolidated Statements of Operations

(In thousands, except per share data)

(Unaudited)

 Three Months Ended December 31,Nine Months Ended December 31, 2024202320242023Revenues:Subscription$158,321 $114,247 $416,439 $309,294 Perpetual license16,423 14,874 40,681 42,417 Customer support77,078 76,812 231,054 230,746 Other services10,808 10,875 32,406 33,498 Total revenues262,630 216,808 720,580 615,955 Cost of revenues:Subscription26,026 15,914 63,098 42,920 Perpetual license410 798 1,188 1,852 Customer support14,360 15,091 43,934 44,946 Other services7,823 7,258 23,049 22,746 Total cost of revenues48,619 39,061 131,269 112,464 Gross margin214,011 177,747 589,311 503,491 Operating expenses:Sales and marketing116,068 91,697 313,965 260,536 Research and development40,010 34,392 106,953 97,084 General and administrative35,133 29,098 100,101 84,059 Restructuring 3,969 — 9,214 — Change in contingent consideration2,486 — 2,486 — Depreciation and amortization2,730 1,509 6,671 4,647 Impairment charges— — 2,910 — Total operating expenses200,396 156,696 542,300 446,326 Income from operations13,615 21,051 47,011 57,165 Interest income1,564 1,381 5,098 3,530 Interest expense(104)(103)(313)(311)Other income (expense), net31 (13)624 174 Income before income taxes15,106 22,316 52,420 60,558 Income tax expense4,085 5,176 7,307 17,772 Net income$11,