Company: CVLT
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001169561-25-000069
Chunk: 37

Company: COMMVAULT SYSTEMS INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Item 8
Chunk 37
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 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 June 30,20252024Americas$170,928 $138,725 International111,050 85,947 Total revenues$281,978 $224,672 

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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 June 30, 2025, our remaining performance obligations (inclusive of deferred revenue) were $835,430, of which approximately 62% 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 $86,789, $57,424, and $25,782, respectively. Of these balances, we expect approximately 57% of subscription arrangements, 32% of customer support and 100% of other services to be recognized as revenue over the next 12 months and the remainder recognized thereafter. We expect approximately 30% of subscription arrangements and 8% of customer support remaining performance obligations to be recognized as revenue in the second quarter of fiscal 2026. These balances represent transactions consisting primarily of early renewals, unbilled and undelivered support and other services, and orders received prior to the last day of the quarter that were not delivered or provisioned to customers.Remaining performance obligations will fluctuate period to period. We do not believe the amount of remaining performance