Commvault Expects Q2 Revenue Of $218M-$222M Vs $215.54M Est
Portfolio Pulse from Benzinga Newsdesk
Commvault has provided its financial outlook for the second quarter of fiscal year 2025, expecting total revenues between $218 million and $222 million, subscription revenue between $120 million and $124 million, and a non-GAAP operating margin between 19% and 20%.
July 30, 2024 | 11:47 am
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POSITIVE IMPACT
Commvault has provided a positive financial outlook for Q2 FY2025, with expected revenues and subscription revenues slightly above estimates, and a healthy non-GAAP operating margin.
Commvault's revenue projections for Q2 FY2025 are slightly above market estimates, which is likely to positively impact the stock price in the short term. The strong subscription revenue and healthy operating margin further support a positive outlook.
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