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May 14, 2009

CommVault Q4 net income down

Expects Simpana 8 software suite to enable them to sustain double digit growth

By CBR Staff Writer

CommVault, a provider of data management software applications, has reported a net income of 239,000, or diluted earnings per share of $0.01, for the fourth quarter ended March 31, 2008, compared to $6.19m, or diluted earnings per share of $0.14, for the same quarter of fiscal 2008.

For the fourth quarter of fiscal 2009, total revenues were $56.14m, down 1% compared to $56.61m for the same quarter of fiscal 2008.

For the fiscal 2009, total revenues were $234.52m, up 12% compared to $198.3m for the fiscal 2008. Net income was $12.33m, or diluted earnings per share of $0.28, compared to $20.8m, or diluted earnings per share of $0.46, for fiscal 2008.

Robert Hammer, chairman, president and CEO of CommVault, said: Despite solid execution from our worldwide sales teams during the quarter, the continued global macroeconomic decline had a significant impact on our fourth quarter fiscal 2009 results. However, for the full fiscal year we were still able to achieve 18% growth in revenues. We continue to believe that the outlook for our business is strong and that our Simpana 8 software suite will enable us to sustain our track record of innovation and double digit growth, even during the current economic environment.

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