CommVault Systems, Inc. (NASDAQ:CVLT) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 8.51%.
CommVault Systems, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 33.33% to $0.4 in the quarter versus EPS of $0.30 in the year-earlier quarter.
Revenue: Rose 20.79% to $134.4 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: CommVault Systems, Inc. reported adjusted EPS income of $0.4 per share. By that measure, the company beat the mean analyst estimate of $0.35. It beat the average revenue estimate of $132.24 million.
Quoting Management: N. Robert Hammer, CommVault’s chairman, president and CEO stated, “We began fiscal year 2014 with a solid first quarter, which was highlighted by year-over-year revenue growth of 21% and Non-GAAP operating income growth of 38%. Our year-over-year revenue growth of 21% was driven by continued demand for our Simpana 10 data and information management software platform and excellent results from our services organization. Our first quarter revenue and earnings performance continues to validate our market leadership and technological innovation combined with our operating discipline.”
Key Stats (on next page)…
Revenue decreased 2.8% from $138.27 million in the previous quarter. EPS decreased 2.44% from $0.41 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.38 to a profit $0.39. For the current year, the average estimate has moved up from a profit of $1.54 to a profit of $1.65 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)