CommVault Announces Q2

OCEANPORT, N.J. -- CommVault (NASDAQ:CVLT) today announced its financial results for the second fiscal quarter ended September 30, 2007.

N. Robert Hammer, CommVault’s chairman, president and CEO, stated, “CommVault had a very solid second quarter which was highlighted by record revenues and increased earnings. We continue to make significant progress in expanding our market positions in both our core backup and emerging products. The recent launch of CommVault Simpana 7.0 has improved the competitive differentiation of our current product lines which will enable us to continue to build our business around information management products and services.”

Total revenues in the second quarter of fiscal 2008 were a record $47.4 million, an increase of 29% over the second quarter of fiscal 2007 and 8% over the prior quarter. Software revenue in the second quarter of fiscal 2008 was $26.6 million, up 31% year-over-year and 10% sequentially. Services revenue in the second quarter of fiscal 2008 was $20.9 million, up 27% year-over-year and 5% sequentially.

Non-GAAP income from operations (EBIT) increased 32% to $7.0 million in the second quarter of fiscal 2008 compared to $5.3 million in the second quarter of the prior year. EBIT determined in accordance with U.S. GAAP was $4.7 million for the second quarter, a 21% increase from $3.8 million in the same period of the prior year.

CommVault Systems Inc.