CommVault Systems Earnings: Here’s Why the Stock is Rising Now

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 7.50%.

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CommVault Systems, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 41.38% to $0.41 in the quarter versus EPS of $0.29 in the year-earlier quarter.

Revenue: Rose 21.31% to $138.3 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: CommVault Systems, Inc. reported adjusted EPS income of $0.41 per share. By that measure, the company beat the mean analyst estimate of $0.34. It beat the average revenue estimate of $133.41 million.

Quoting Management: N. Robert Hammer, CommVault’s chairman, president and CEO stated, “Our excellent results in the fourth quarter were highlighted by record revenues, non-GAAP EBIT and operating cash flows. Our 23% growth in software revenues in the fourth quarter compared to the prior year was driven by another quarter of record enterprise software deals (transactions greater than $100,000) and strong demand both domestically and internationally. Our fourth quarter results concluded a strong fiscal 2013 where we achieved substantial improvements in all aspect of our business by delivering 25% software revenue growth and a 53% improvement in non-GAAP EBIT for the full fiscal year.”

Key Stats (on next page)…

Revenue increased 7.92% from $128.15 million in the previous quarter. EPS increased 5.13% from $0.39 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.33 and has not changed. For the current year, the average estimate is a profit of $1.41, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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