Commvault Expects Q1 Revenue of $213M-$216M Vs $210.47M Est
Portfolio Pulse from Benzinga Newsdesk
Commvault has provided its financial outlook for Q1 and the full fiscal year 2025, expecting Q1 revenues between $213M-$216M, surpassing the $210.47M estimate. The company anticipates total fiscal year revenues between $904M-$914M, with significant growth in subscription revenue and ARR.
April 30, 2024 | 11:49 am
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Commvault expects to surpass Q1 revenue estimates and projects strong growth for fiscal year 2025, indicating a positive outlook for the company.
Commvault's projection of higher-than-expected revenues for Q1 and the entire fiscal year 2025 suggests a strong financial performance and growth trajectory. This positive outlook is likely to instill investor confidence and could lead to an uptick in CVLT's stock price in the short term.
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