Yahoo Finance Commvault Systems Full Year 2024 Earnings: EPS: US$3.85 (vs US$0.80 loss in FY 2023)
Commvault Systems (NASDAQ:CVLT) Full Year 2024 Results
Key Financial Results
Revenue: US$839.2m (up 7.0% from FY 2023).
Net income: US$168.9m (up from US$35.8m loss in FY 2023).
Profit margin: 20% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses.
EPS: US$3.85 (up from US$0.80 loss in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Commvault Systems Earnings Insights
The primary driver behind last 12 months revenue was the Americas (United States, Canada, Latin America) segment contributing a total revenue of US$498.5m (59% of total revenue). The largest operating expense was Sales & Marketing costs, amounting to US$355.0m (58% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of US$89.0m. Explore how CVLT's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in the US.
Performance of the American Software industry.
The company's shares are up 7.9% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 2 warning signs for Commvault Systems (1 is concerning!) that you need to be mindful of.
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