Latest news with #SanjayMirchandani
Yahoo
25-06-2025
- Business
- Yahoo
Commvault Systems's Q1 Earnings Call: Our Top 5 Analyst Questions
Commvault's first quarter results reflected solid execution, with management attributing growth to strong demand for cyber resilience solutions and continued traction in cloud-based offerings. CEO Sanjay Mirchandani pointed to rapid adoption of new products like Active Directory forest-level recovery and Cloud Rewind, as well as expanding relationships with large enterprise customers across financial services and regulated industries. The company cited its ability to help organizations address complex compliance needs and recover quickly from cyberattacks as key drivers of new business and customer expansion. Is now the time to buy CVLT? Find out in our full research report (it's free). Revenue: $275 million vs analyst estimates of $262.4 million (23.2% year-on-year growth, 4.8% beat) Adjusted EPS: $1.03 vs analyst estimates of $0.93 (11% beat) Adjusted Operating Income: $59.1 million vs analyst estimates of $53.97 million (21.5% margin, 9.5% beat) Revenue Guidance for Q2 CY2025 is $268 million at the midpoint, above analyst estimates of $263.2 million Operating Margin: 9.7%, up from 8.1% in the same quarter last year Annual Recurring Revenue: $930.1 million at quarter end, up 20.8% year on year Billings: $313 million at quarter end, up 28% year on year Market Capitalization: $7.6 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Eric Heath (KeyBanc Capital Markets) asked about macroeconomic impacts on customer buying and sales cycles. CEO Sanjay Mirchandani responded that cyber resilience remains a top priority for clients, with no significant change in sales cycle length or close rates from the previous quarter. Aaron Rakers (Wells Fargo) inquired about the integration and momentum from the Commvault acquisition. CFO Jen DiRico indicated that the business is fully integrated and contributes unique capabilities, especially in handling large cloud datasets, though specific numbers were not disclosed. Param Singh (Oppenheimer) questioned competitive dynamics following industry consolidation and how Commvault differentiates itself. Mirchandani emphasized the company's hybrid approach and focus on resilience, noting strong double-digit growth as evidence of market share gains. Rudy Kessinger (DA Davidson) sought clarity on ARR seasonality and productivity assumptions in guidance. DiRico explained that net new ARR is expected to follow typical quarterly patterns, with guidance reflecting prudent macro assumptions but confidence in the durability of the business model. James Fish (Piper Sandler) asked about international growth and the durability of regulatory-driven demand. Management stated that compliance-driven projects are ongoing and not a one-time event, with balanced growth expected across regions. In the coming quarters, the StockStory team will be monitoring (1) the pace of multi-product adoption among existing customers, (2) ongoing growth in SaaS ARR as Commvault expands its platform, and (3) the company's ability to leverage technology and reseller partnerships to drive new wins. The evolution of regulatory requirements and customer needs in data security will also be important factors to watch. Commvault Systems currently trades at $173.38, up from $165.72 just before the earnings. At this price, is it a buy or sell? Find out in our full research report (it's free). The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Techday NZ
25-06-2025
- Business
- Techday NZ
HPE & Commvault expand partnership to boost data resilience
HPE and Commvault have announced an expanded strategic partnership aimed at enhancing cyber resilience and data protection for organisations operating in hybrid cloud environments. The strengthened collaboration will see deeper technology integration and joint go-to-market strategies, targeting growing challenges such as cyber threats and data loss. The partnership builds on previous work between the two companies, which includes collaboration across HPE's GreenLake cloud and the Commvault Cloud platform. Technology integration As part of the expanded agreement, Commvault will integrate HPE Zerto Software into its offering. This addition supports Commvault Cloud customers in managing complex virtualised on-premises and cloud workloads. HPE Zerto offers Continuous Data Protection technology that delivers near-zero recovery point objectives and recovery time objectives, supporting greater operational resilience. Customers using Commvault Cloud will be able to leverage HPE Zerto's capabilities to adjust their cyber resilience and disaster recovery strategies according to their business needs, increasing flexibility and response capabilities in increasingly complex computing environments. "The expanded partnership with Commvault underscores our shared commitment to solve the most complex data protection challenges that enterprises face," said Fidelma Russo, Executive Vice President and General Manager of Hybrid Cloud and CTO at HPE. "Our combined innovations set a new standard for data resilience, helping customers navigate a rapidly evolving threat landscape." Sanjay Mirchandani, President and CEO of Commvault, said, "This partnership builds on the long history of co-innovation between Commvault and HPE. At a time when data is more valuable and vulnerable than ever, our collaboration is empowering customers to keep their business continuous by advancing their resilience and protection of hybrid workloads." Broader portfolio coverage The companies will also deliver enhanced integration between HPE's storage and data protection solutions and the Commvault Cloud portfolio. The focus is on safeguarding sensitive data, protecting against ransomware threats, and ensuring organisations can recover quickly from operational disruptions. For HPE customers seeking a cloud-based data protection solution, Commvault Cloud SaaS forms a key part of the new joint portfolio, offering coverage from edge-to-cloud and handling both source-to-target needs. Cyber threat response Organisations face increasing risks from ransomware, AI-driven cyber attacks, and evolving threat actors, requiring robust cyber resilience as part of any data strategy. Under the renewed partnership, HPE and Commvault plan to introduce a range of combined capabilities designed to address these ongoing challenges. The companies outlined three key joint innovations: Ultra resilience: HPE Alletra Storage MP B10000 features built-in ransomware detection, snapshot immutability, and air-gapped protection via HPE Cyber Resilience Vault. These capabilities integrate with Commvault Cloud's AI-enhanced anomaly detection and threat scanning, aiming to improve readiness and response to cyber threats. HPE Alletra Storage MP B10000 features built-in ransomware detection, snapshot immutability, and air-gapped protection via HPE Cyber Resilience Vault. These capabilities integrate with Commvault Cloud's AI-enhanced anomaly detection and threat scanning, aiming to improve readiness and response to cyber threats. Fast, clean recovery: Integrating HPE Alletra Storage MP X10000 – which uses data protection accelerator nodes – with Commvault Cloud allows enterprises to restore operations swiftly after an incident. This integration is intended to speed up recovery using rapid storage, high data reduction rates, and broad protection for hybrid cloud workloads. Integrating HPE Alletra Storage MP X10000 – which uses data protection accelerator nodes – with Commvault Cloud allows enterprises to restore operations swiftly after an incident. This integration is intended to speed up recovery using rapid storage, high data reduction rates, and broad protection for hybrid cloud workloads. Geographic protection: Commvault Cloud can coordinate snapshots and backups for two synchronously replicated HPE Alletra Storage MP B10000 arrays in separate regions. This approach aims to simplify workflows and improve recoverability for critical enterprise datasets. Ongoing collaboration The partnership builds on several existing integrations, including support for HPE StoreOnce backup appliances, HPE Storage Tape solutions for extended data retention, and HPE Morpheus VM Essentials Software for virtualised environments. The companies state that this collaborative work has been conducted with the goal of helping enterprises modernise their data protection strategies. HPE and Commvault's combined suite of services is intended to address data protection and cyber resilience at all stages of the enterprise data lifecycle. Through their joint work, the firms aim to help organisations mitigate risk, upgrade infrastructure, and sustain operational continuity in even the most complex hybrid and multicloud set-ups. Follow us on: Share on:
Business Wire
24-06-2025
- Business
- Business Wire
HPE and Commvault Strengthen Strategic Partnership to Deliver Industry-Leading Cyber Resilience Solutions
LAS VEGAS--(BUSINESS WIRE)-- HPE Discover 2025 – HPE (NYSE: HPE) and Commvault (NASDAQ: CVLT), a leader in cyber resilience and data protection solutions for the hybrid cloud, today announced an expanded strategic partnership to combat the increasing challenges of cyber threats and data loss. Building on a longstanding collaboration across GreenLake cloud and the Commvault Cloud platform, the enhanced partnership deepens technology integration and joint go-to-market to deliver advanced cyber resilience, data protection, and disaster recovery capabilities for enterprise hybrid cloud environments. In addition to its own robust offerings, Commvault will integrate and offer HPE Zerto Software to support Commvault Cloud customers in managing demanding virtualized on-premises and cloud workloads. Leveraging sophisticated Continuous Data Protection technology, HPE Zerto delivers near-zero recovery point objectives (RPOs) and recovery time objectives (RTOs) ensuring operational resilience. Adding HPE Zerto capabilities to Commvault Cloud gives customers added flexibility to tailor their cyber resilience and disaster recovery strategy to meet the needs of their business. 'The expanded partnership with Commvault underscores our shared commitment to solve the most complex data protection challenges that enterprises face,' said Fidelma Russo, executive vice president and general manager of Hybrid Cloud and CTO at HPE. 'Our combined innovations set a new standard for data resilience, helping customers navigate a rapidly evolving threat landscape.' Sanjay Mirchandani, president and CEO of Commvault, added, 'This partnership builds on the long history of co-innovation between Commvault and HPE. At a time when data is more valuable and vulnerable than ever, our collaboration is empowering customers to keep their business continuous by advancing their resilience and protection of hybrid workloads.' The companies are also introducing enhanced integration between the HPE storage and data protection and Commvault Cloud portfolios to safeguard sensitive data, protect against ransomware, and ensure seamless recovery from disruptions. For HPE customers seeking a turnkey cloud-based solution that provides robust protection of hybrid, cloud-native, and SaaS workloads, Commvault Cloud SaaS is an integral part of the joint portfolio that spans from edge-to-cloud and source-to-target. Addressing Cyber Threats with Enhanced Solutions Ransomware, AI-driven attacks, and other cyber threats are compelling enterprises to prioritize cyber resilience as a critical component of their data protection strategies. As part of the expanded partnership, HPE and Commvault intend to introduce key joint innovations to neutralize the evolving threat landscape: Ultra Resilience: The combination of HPE Alletra Storage MP B10000 with built-in ransomware detection and snapshot immutability, HPE Cyber Resilience Vault with air-gapped protection, and Commvault Cloud AI-enhanced anomaly detection and threat scanning provides unmatched resilience and peace of mind. Fast, Clean Recovery: The integration of HPE Alletra Storage MP X10000 featuring data protection accelerator nodes with Commvault Cloud enables enterprises to return to operation safely and rapidly after an incident. It brings together blazing fast storage, typical 20-to-1 data reduction, and the broadest protection across hybrid cloud workloads. Geographic Protection: Commvault Cloud seamlessly orchestrates simultaneous snapshots and local backups for two synchronously replicated HPE Alletra Storage MP B10000 arrays, located in different geographical regions. This integration significantly streamlines data protection workflows and delivers unparalleled recoverability for critical enterprise data. Building on an Established Portfolio This partnership is based on deep collaboration and innovation to help enterprises modernize their data protection strategies, including integrations with HPE StoreOnce backup appliances and HPE Storage Tape solutions for highly cost-effective, long-term data retention, as well as advanced image-based protection for virtualized environments through HPE Morpheus VM Essentials Software. Together, HPE and Commvault are delivering an expansive suite of solutions that tackle data protection and cyber resilience challenges head-on, at every stage of the enterprise data lifecycle. The expertise of the two companies helps customers minimize risk, modernize infrastructure, and achieve operational continuity in the most complex hybrid and multicloud environments. Additional Resources HPE Zerto Software Commvault Cloud HPE Alletra Storage MP B10000 HPE Alletra Storage MP X10000 About HPE HPE (NYSE: HPE) is a global technology leader focused on developing intelligent solutions that allow customers to capture, analyze, and act upon data seamlessly. The company innovates across networking, hybrid cloud, and AI to help customers develop new business models, engage in new ways, and increase operational performance. For more information, visit: About Commvault Commvault (NASDAQ: CVLT) is the gold standard in cyber resilience, helping more than 100,000 organizations keep data safe and businesses resilient and moving forward. Today, Commvault offers the only cyber resilience platform that combines the best data security and rapid recovery at enterprise scale across any workload, anywhere—at the lowest TCO.
Yahoo
24-06-2025
- Business
- Yahoo
HPE and Commvault Strengthen Strategic Partnership to Deliver Industry-Leading Cyber Resilience Solutions
Commvault Cloud and HPE's storage and data protection portfolio provide comprehensive enterprise-grade protection against cyber threats and data loss LAS VEGAS, June 24, 2025--(BUSINESS WIRE)--HPE Discover 2025 – HPE (NYSE: HPE) and Commvault (NASDAQ: CVLT), a leader in cyber resilience and data protection solutions for the hybrid cloud, today announced an expanded strategic partnership to combat the increasing challenges of cyber threats and data loss. Building on a longstanding collaboration across GreenLake cloud and the Commvault Cloud platform, the enhanced partnership deepens technology integration and joint go-to-market to deliver advanced cyber resilience, data protection, and disaster recovery capabilities for enterprise hybrid cloud environments. In addition to its own robust offerings, Commvault will integrate and offer HPE Zerto Software to support Commvault Cloud customers in managing demanding virtualized on-premises and cloud workloads. Leveraging sophisticated Continuous Data Protection technology, HPE Zerto delivers near-zero recovery point objectives (RPOs) and recovery time objectives (RTOs) ensuring operational resilience. Adding HPE Zerto capabilities to Commvault Cloud gives customers added flexibility to tailor their cyber resilience and disaster recovery strategy to meet the needs of their business. "The expanded partnership with Commvault underscores our shared commitment to solve the most complex data protection challenges that enterprises face," said Fidelma Russo, executive vice president and general manager of Hybrid Cloud and CTO at HPE. "Our combined innovations set a new standard for data resilience, helping customers navigate a rapidly evolving threat landscape." Sanjay Mirchandani, president and CEO of Commvault, added, "This partnership builds on the long history of co-innovation between Commvault and HPE. At a time when data is more valuable and vulnerable than ever, our collaboration is empowering customers to keep their business continuous by advancing their resilience and protection of hybrid workloads." The companies are also introducing enhanced integration between the HPE storage and data protection and Commvault Cloud portfolios to safeguard sensitive data, protect against ransomware, and ensure seamless recovery from disruptions. For HPE customers seeking a turnkey cloud-based solution that provides robust protection of hybrid, cloud-native, and SaaS workloads, Commvault Cloud SaaS is an integral part of the joint portfolio that spans from edge-to-cloud and source-to-target. Addressing Cyber Threats with Enhanced Solutions Ransomware, AI-driven attacks, and other cyber threats are compelling enterprises to prioritize cyber resilience as a critical component of their data protection strategies. As part of the expanded partnership, HPE and Commvault intend to introduce key joint innovations to neutralize the evolving threat landscape: Ultra Resilience: The combination of HPE Alletra Storage MP B10000 with built-in ransomware detection and snapshot immutability, HPE Cyber Resilience Vault with air-gapped protection, and Commvault Cloud AI-enhanced anomaly detection and threat scanning provides unmatched resilience and peace of mind. Fast, Clean Recovery: The integration of HPE Alletra Storage MP X10000 featuring data protection accelerator nodes with Commvault Cloud enables enterprises to return to operation safely and rapidly after an incident. It brings together blazing fast storage, typical 20-to-1 data reduction, and the broadest protection across hybrid cloud workloads. Geographic Protection: Commvault Cloud seamlessly orchestrates simultaneous snapshots and local backups for two synchronously replicated HPE Alletra Storage MP B10000 arrays, located in different geographical regions. This integration significantly streamlines data protection workflows and delivers unparalleled recoverability for critical enterprise data. Building on an Established Portfolio This partnership is based on deep collaboration and innovation to help enterprises modernize their data protection strategies, including integrations with HPE StoreOnce backup appliances and HPE Storage Tape solutions for highly cost-effective, long-term data retention, as well as advanced image-based protection for virtualized environments through HPE Morpheus VM Essentials Software. Together, HPE and Commvault are delivering an expansive suite of solutions that tackle data protection and cyber resilience challenges head-on, at every stage of the enterprise data lifecycle. The expertise of the two companies helps customers minimize risk, modernize infrastructure, and achieve operational continuity in the most complex hybrid and multicloud environments. Additional Resources HPE Zerto Software Commvault Cloud HPE Alletra Storage MP B10000 HPE Alletra Storage MP X10000 About HPE HPE (NYSE: HPE) is a global technology leader focused on developing intelligent solutions that allow customers to capture, analyze, and act upon data seamlessly. The company innovates across networking, hybrid cloud, and AI to help customers develop new business models, engage in new ways, and increase operational performance. For more information, visit: About Commvault Commvault (NASDAQ: CVLT) is the gold standard in cyber resilience, helping more than 100,000 organizations keep data safe and businesses resilient and moving forward. Today, Commvault offers the only cyber resilience platform that combines the best data security and rapid recovery at enterprise scale across any workload, anywhere—at the lowest TCO. View source version on Contacts Media Contact: Victor O' Kevin Komiegakkomiega@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-06-2025
- Business
- Yahoo
Q1 Earnings Review: Data Storage Stocks Led by Commvault Systems (NASDAQ:CVLT)
Looking back on data storage stocks' Q1 earnings, we examine this quarter's best and worst performers, including Commvault Systems (NASDAQ:CVLT) and its peers. Data is the lifeblood of the internet and software in general, and the amount of data created is accelerating. As a result, the importance of storing the data in scalable and efficient formats continues to rise, especially as its diversity and associated use cases expand from analyzing simple, structured datasets to high-scale processing of unstructured data such as images, audio, and video. The 5 data storage stocks we track reported a strong Q1. As a group, revenues beat analysts' consensus estimates by 3% while next quarter's revenue guidance was in line. Thankfully, share prices of the companies have been resilient as they are up 7.1% on average since the latest earnings results. Originally formed in 1988 as part of Bell Labs, Commvault (NASDAQ: CVLT) provides enterprise software used for data backup and recovery, cloud and infrastructure management, retention, and compliance. Commvault Systems reported revenues of $275 million, up 23.2% year on year. This print exceeded analysts' expectations by 4.8%. Overall, it was a very strong quarter for the company with a solid beat of analysts' billings estimates and an impressive beat of analysts' EBITDA estimates. "It was a record-breaking year at Commvault," said Sanjay Mirchandani, President and CEO. Commvault Systems pulled off the biggest analyst estimates beat and highest full-year guidance raise of the whole group. Unsurprisingly, the stock is up 15.2% since reporting and currently trades at $190.99. Is now the time to buy Commvault Systems? Access our full analysis of the earnings results here, it's free. Started in 2007 by the team behind Google's ad platform, DoubleClick, MongoDB offers database-as-a-service that helps companies store large volumes of semi-structured data. MongoDB reported revenues of $549 million, up 21.9% year on year, outperforming analysts' expectations by 4.1%. The business had a very strong quarter with EPS guidance for next quarter exceeding analysts' expectations and a solid beat of analysts' EBITDA estimates. The market seems happy with the results as the stock is up 8.4% since reporting. It currently trades at $216.65. Is now the time to buy MongoDB? Access our full analysis of the earnings results here, it's free. Started by brothers Ben and Moisey Uretsky, DigitalOcean (NYSE: DOCN) provides a simple, low-cost platform that allows developers and small and medium-sized businesses to host applications and data in the cloud. DigitalOcean reported revenues of $210.7 million, up 14.1% year on year, exceeding analysts' expectations by 1%. Still, it was a mixed quarter as it posted EPS guidance for next quarter missing analysts' expectations. DigitalOcean delivered the weakest performance against analyst estimates and weakest full-year guidance update in the group. As expected, the stock is down 11.5% since the results and currently trades at $28.98. Read our full analysis of DigitalOcean's results here. Formed in 2011 with the merger of Membase and CouchOne, Couchbase (NASDAQ:BASE) is a database-as-a-service platform that allows enterprises to store large volumes of semi-structured data. Couchbase reported revenues of $56.52 million, up 10.1% year on year. This number surpassed analysts' expectations by 1.7%. Aside from that, it was a satisfactory quarter as it also recorded an impressive beat of analysts' EBITDA estimates. Couchbase had the slowest revenue growth among its peers. The stock is up 5.6% since reporting and currently trades at $19.60. Read our full, actionable report on Couchbase here, it's free. Founded in 2013 by three French engineers who spent decades working for Oracle, Snowflake (NYSE:SNOW) provides a data warehouse-as-a-service in the cloud that allows companies to store large amounts of data and analyze it in real time. Snowflake reported revenues of $1.04 billion, up 25.7% year on year. This result topped analysts' expectations by 3.4%. More broadly, it was a satisfactory quarter as it also logged an impressive beat of analysts' EBITDA estimates but a miss of analysts' billings estimates. Snowflake achieved the fastest revenue growth among its peers. The company added 26 enterprise customers paying more than $1 million annually to reach a total of 606. The stock is up 17.7% since reporting and currently trades at $210.85. Read our full, actionable report on Snowflake here, it's free. The Fed's interest rate hikes throughout 2022 and 2023 have successfully cooled post-pandemic inflation, bringing it closer to the 2% target. Inflationary pressures have eased without tipping the economy into a recession, suggesting a soft landing. This stability, paired with recent rate cuts (0.5% in September 2024 and 0.25% in November 2024), fueled a strong year for the stock market in 2024. The markets surged further after Donald Trump's presidential victory in November, with major indices reaching record highs in the days following the election. Still, questions remain about the direction of economic policy, as potential tariffs and corporate tax changes add uncertainty for 2025. Want to invest in winners with rock-solid fundamentals? Check out our Hidden Gem Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
