Commvault Systems Expects FY25 Revenue of $915M-$925M (Prior $904M-$914M) Vs $916.09M Est
Portfolio Pulse from Benzinga Newsdesk
Commvault Systems has updated its guidance for fiscal year 2025, expecting total revenues between $915 million and $925 million, slightly higher than previous estimates. The company also anticipates a 15% year-over-year growth in total ARR, with subscription revenue projected between $522 million and $527 million. Subscription ARR is expected to grow between 23% and 25% year-over-year. Non-GAAP operating margin is forecasted to be between 20% and 21%, and free cash flow is expected to be at least $200 million.
July 30, 2024 | 11:49 am
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Commvault Systems has updated its FY25 revenue guidance to $915M-$925M, slightly higher than previous estimates. The company expects strong growth in ARR and subscription revenue, along with a solid non-GAAP operating margin and free cash flow.
The updated guidance indicates a positive outlook for Commvault Systems, with higher revenue expectations and strong growth in ARR and subscription revenue. This is likely to have a positive short-term impact on the stock price.
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