Commvault Systems, Inc. Company Summary

Business Overview

• Core Focus: Provides cyber resiliency solutions by protecting and recovering data and cloud-native applications against cyber threats like ransomware.
• Key Offering: A comprehensive platform that ensures data availability, rapid recovery, data governance, and compliance across various environments (on-premises, hybrid, multi-cloud).
• Product Delivery: Via self-managed software, SaaS (cloud-native), integrated appliances, or managed by partners.
• Main Capabilities:
  • Cyber resilience in the face of increasing cyber threats.
  • Layered defenses, automation, and cloud-native features for deduplication, scaling, and recovery.
  • Special packages: Operational Recovery, Autonomous Recovery, Cyber Recovery.

Products & Solutions

• Operational Recovery: Backup and recovery for hybrid enterprise workloads, delivered as software or SaaS.
• Autonomous Recovery: Automates disaster and cyber recovery, offering automated failover and trusted recovery.
• Cyber Recovery: Adds threat scanning, risk remediation, and validation, including threat detection and early warning to minimize attack impact.
• Additional Offerings:
  • Clumio Backtrack: Rapid revert of data to a specific point/time, useful for accidental or malicious deletions.
  • Cyber Resilience Solutions: Cleanroom Recovery, HyperScale X, Air Gap Protect, Compliance, Cloud Rewind to support secure, scalable, and compliant data management.
  • Cloud Platform: Commvault Cloud serves as the backbone for these solutions, supporting hybrid, multi-cloud, and cloud-native environments.

Customer Base

• Number of Customers: Thousands of organizations globally.
• Industry Verticals: Banking, insurance, government, healthcare, pharmaceuticals, technology, legal, manufacturing, utilities, energy.

Employees

• Total Employees: Approximately 3,300 worldwide as of March 31, 2025.
• Geographic Distribution: 37% in the United States, 63% internationally.

Revenue & Financials (Fiscal Year Ended March 31, 2025)

• Total Revenue: $995.6 million (19% increase YoY)
  • Subscription Revenue: $589.7 million (37% growth YoY, 59% of total revenue)
    • SaaS revenue increased by 74%
  • Perpetual License Revenue: $55.6 million (3% decrease YoY)
  • Customer Support Revenue: $307.6 million (flat YoY)
  • Other Services: $42.7 million (4% decrease YoY)
• Net Income: $76.1 million (from a loss of $35.8 million in FY2023, and $168.9 million in FY2024)

Key Financial Themes

• Increased focus on recurring subscription revenue, particularly SaaS.
• Significant growth in SaaS and cloud-based offerings.
• Maintains strong gross margin at 82%.
• Operating expenses rose mainly due to sales/marketing, R&D, and acquisition-related costs.
• Cash & cash equivalents: $302.1 million as of March 31, 2025.
• Share Repurchases: $165.0 million spent in FY2025; $250 million authorization approved for future repurchase programs.
• Market Capitalization (as of September 30, 2024): approximately $6.7 billion.

Strategic Position

• Competes with primarily Cohesity, Druva, Rubrik, and Veeam.
• Strong partnership network including OEMs, value-added resellers, system integrators, cloud marketplaces (AWS, Azure, Google, Oracle), and cybersecurity collaborators.
• Focus on innovation in cyber resilience, cloud integration, and AI-enabled management.

Additional Notes

• Growth Drivers: Increasing data volumes, cyber threats, and cloud adoption.
• Distribution: 90% of subscription revenue from indirect channels (resellers, OEMs, marketplaces); 10% from direct sales.
• Research & Development: $146.3 million in FY2025, focusing on interoperability, automation, and new solution development.
• Global Operations: Significant presence in multiple countries; 39% of employees in India (cost-sensitive and competitive environment).

Summary

Commvault provides advanced cyber resilience and data management solutions, supporting a broad array of industries with thousands of global customers and over 3,300 employees. In fiscal year 2025, the company generated nearly $1 billion in revenue with a focus on a growing SaaS subscription model, and ended the year with a net income of $76.1 million.