Commvault Systems Expects Q3 Revenue Of $243M-$247M Vs $220.78M Est, FY25 Revenue Of $952M-$957M (Prior $915M-$925M) Vs $924.08M Est
Portfolio Pulse from Benzinga Newsdesk
Commvault Systems has raised its revenue guidance for Q3 and FY25, expecting Q3 revenue between $243M-$247M, surpassing the $220.78M estimate. FY25 revenue is projected at $952M-$957M, up from prior guidance of $915M-$925M. Subscription revenue and ARR are also expected to grow significantly.
October 29, 2024 | 11:50 am
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Commvault Systems has increased its revenue guidance for Q3 and FY25, with Q3 revenue expected to be $243M-$247M, exceeding the $220.78M estimate. FY25 revenue is projected at $952M-$957M, up from previous guidance. Subscription revenue and ARR are also expected to grow significantly.
The raised revenue guidance for both Q3 and FY25 indicates strong business performance and growth prospects for Commvault Systems. The expected increase in subscription revenue and ARR further supports a positive outlook, likely leading to a favorable short-term impact on the stock price.
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