Description
This is our first report on Commvault, a major player in data protection. The company had an impressive Q2 result that exceeded expectations with improved key performance indicators. The Total Annual Recurring Revenue (ARR) accelerated by 18% year on year to $711 million while Subscription ARR grew 32% year on year to $530 million, accounting for almost 75% of total ARR. Besides, momentum grew in Software as a Service (SaaS) with Metallic ARR increasing by 77% year on year to $131 million. Commvault’s leadership position in data protection was also acknowledged with its 12th consecutive naming as a leader in the 2023 Gartner Magic Quadrant.
Our Report Structure:
⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures
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