Description

Commvault’s SaaS Pivot Is Gaining Speed — But Is Hybrid Complexity Becoming Its Secret Weapon?

Commvault delivered a solid performance for Q3 of fiscal 2026, showcasing significant growth driven primarily by its subscription revenue. Subscription revenue saw a 30% increase, amounting to $206 million, fuelled by the addition of 700 new subscription customers. Meanwhile, subscription Annual Recurring Revenue (ARR) rose by 28% to $941 million. Significantly, the Software-as-a-Service (SaaS) ARR experienced a growth of 40%, reaching $364 million, emphasizing the company’s successful pivot towards SaaS offerings. A highlight of the quarter was the introduction of the Commvault Cloud Unity platform, which integrates data security, identity resilience, and cyber recovery into a single platform. This innovation aims to enrich the ResOps (Resilience Operations) framework, pivotal for enhanced cybersecurity and operational efficiency in the AI-driven and cloud-centric landscape. Customer and industry feedback on this platform was notably positive, with endorsements from entities like Deloitte and recognitions such as the AWS Global Storage Partner of the Year award.