Commvault Fiscal Q2 2027 Revenue Up 13% to $312 Million: Subscription Revenue +21%, SaaS Revenue +33%, Full-Year Guidance Raised
Commvault (Nasdaq: CVLT), the data protection software company headquartered in Tinton Falls, New Jersey, announced on October 27 its fiscal second-quarter 2027 results for the period ended September 30, 2026: total revenue rose 13% year over year to $312 million and subscription revenue rose 21% to $269 million, and the company raised several full-year targets.
Subscription annualized recurring revenue (ARR) reached $1.104 billion, up 20% year over year. Within that, software-as-a-service (SaaS) revenue was $106 million, up 33%, and SaaS ARR climbed 35% to $454 million. GAAP income from operations was $30 million, an operating margin of 9.7%; non-GAAP operating income was $68 million, a margin of 21.9%; and non-GAAP diluted earnings per share were $1.38. Operating cash flow was $75 million and free cash flow $71 million; cash and cash equivalents totaled $897 million at quarter end. Subscription customers reached 15,750, up 17% year over year, and the subscription net dollar retention rate was 113%.
President and CEO Sanjay Mirchandani said super intelligence (SI) is accelerating both innovation and risk in the enterprise and that resilience continues to be a business imperative, with enterprises globally turning to Commvault as they navigate more data, more identities and greater complexity. During the quarter the company introduced Commvault Active Directory Pre Recover, an identity resilience innovation designed to cut clean recovery of Active Directory from hours to minutes, expanded its FedRAMP High Authorized cyber resilience services to managed services providers, and integrated Threat Scan with Google Threat Intelligence.
For the fiscal third quarter, Commvault expects subscription revenue of $293 million to $297 million. Its updated full-year fiscal 2027 guidance calls for subscription revenue of $1.127 billion to $1.133 billion, subscription ARR of $1.205 billion to $1.215 billion, a non-GAAP operating margin of 21.0% to 21.5%, and free cash flow of $255 million to $265 million.
Source: GSM · USA (original Chinese edition)
Photo: 图：Commvault公司标志（2019年版），编辑提名使用。公共领域，经维基共享资源。 / The Commvault logo (2019 version), editorial nominative use. Public domain, via Wikimedia Commons.
