On this page of StockholderLetter.com we present the latest annual shareholder letter from COMMVAULT SYSTEMS INC — ticker symbol CVLT. Reading current and past CVLT letters to shareholders can bring important insights into the investment thesis.
2024 ANNUAL REPORT
COMMVAULT 2024 ANNUAL REPORT
INTRODUCTION
About Us
Commvault is leading the charge to protect the world against ransomware and other cyber threats
by helping companies reduce risk, minimize downtime, and control costs. The new Commvault   Cloud,
powered by Metallic   AI, represents decades of innovation, industry leadership, customer trust, and a
deep ecosystem of partnerships. It   s the only cyber resilience platform built for the hybrid world, offering
the best data security for all workloads, anywhere combined with the rapid, enterprise-scale recovery.
To learn more, visit commvault.com
Finance
These    gures are in thousands, with the exception of Headcount. All data is based on    scal years ended March 31.
INCOME STATEMENT
2020
2021
2022
2023
2024
$670,885
$723,472
$769,591
$784,590
$839,247
$87,492
$137,464
$161,682
$159,902
$177,472
Non-GAAP Operating Income Margin1
13.0%
19.0%
21.0%
20.4%
21.1%
BALANCE SHEET
2020
2021
2022
2023
2024
Cash, Cash Equivalents, and Short-Term Investments
$339,727
$397,237
$267,507
$287,778
$312,754
Total Assets
$845,076
$904,173
$816,080
$782,574
$943,913
2020
2021
2022
2023
2024
$88,464
$123,955
$177,180
$170,288
$203,798
2,533
2,671
2,848
2,779
2,882
Revenue
Non-GAAP Operating Income1
SELECTED ADDITIONAL INFORMATION
Operating Cash Flow
Headcount
   2024 Commvault
1 Non-GAAP operating results exclude certain expenses, including non-cash stock-based
compensation. For a detailed reconciliation of GAAP and non-GAAP results, please refer to
our earnings press releases found on our website.
COMMVAULT 2024 ANNUAL REPORT
INTRODUCTION
Key Figures
Total ARR1, +15% YoY
Subscription ARR1,
+25% YoY
Free Cash Flow1
Patents Issued
Worldwide
Consecutive Leader in the
Gartner Magic Quadrant for
Data Center Backup and
Recovery Solutions
   2024 Commvault
1 Non-GAAP operating results exclude certain expenses, including non-cash stock-based
compensation. For a detailed reconciliation of GAAP and non-GAAP results, please refer to
our earnings press releases found on our website.
2024 ANNUAL REPORT
   2024 Commvault
 • shareholder letter icon 7/8/2024 Letter Continued (Full PDF)
 • stockholder letter icon 7/11/2023 CVLT Stockholder Letter
 • stockholder letter icon More "Application Software" Category Stockholder Letters
 • Benford's Law Stocks icon CVLT Benford's Law Stock Score = 93


CVLT Shareholder/Stockholder Letter Transcript:

2024 ANNUAL REPORT

COMMVAULT 2024 ANNUAL REPORT
INTRODUCTION
About Us
Commvault is leading the charge to protect the world against ransomware and other cyber threats
by helping companies reduce risk, minimize downtime, and control costs. The new Commvault   Cloud,
powered by Metallic   AI, represents decades of innovation, industry leadership, customer trust, and a
deep ecosystem of partnerships. It   s the only cyber resilience platform built for the hybrid world, offering
the best data security for all workloads, anywhere combined with the rapid, enterprise-scale recovery.
To learn more, visit commvault.com
Finance
These    gures are in thousands, with the exception of Headcount. All data is based on    scal years ended March 31.
INCOME STATEMENT
2020
2021
2022
2023
2024
$670,885
$723,472
$769,591
$784,590
$839,247
$87,492
$137,464
$161,682
$159,902
$177,472
Non-GAAP Operating Income Margin1
13.0%
19.0%
21.0%
20.4%
21.1%
BALANCE SHEET
2020
2021
2022
2023
2024
Cash, Cash Equivalents, and Short-Term Investments
$339,727
$397,237
$267,507
$287,778
$312,754
Total Assets
$845,076
$904,173
$816,080
$782,574
$943,913
2020
2021
2022
2023
2024
$88,464
$123,955
$177,180
$170,288
$203,798
2,533
2,671
2,848
2,779
2,882
Revenue
Non-GAAP Operating Income1
SELECTED ADDITIONAL INFORMATION
Operating Cash Flow
Headcount
   2024 Commvault
1 Non-GAAP operating results exclude certain expenses, including non-cash stock-based
compensation. For a detailed reconciliation of GAAP and non-GAAP results, please refer to
our earnings press releases found on our website.

COMMVAULT 2024 ANNUAL REPORT
INTRODUCTION
Key Figures
Total ARR1, +15% YoY
Subscription ARR1,
+25% YoY
Free Cash Flow1
Patents Issued
Worldwide
Consecutive Leader in the
Gartner Magic Quadrant for
Data Center Backup and
Recovery Solutions
   2024 Commvault
1 Non-GAAP operating results exclude certain expenses, including non-cash stock-based
compensation. For a detailed reconciliation of GAAP and non-GAAP results, please refer to
our earnings press releases found on our website.

2024 ANNUAL REPORT
   2024 Commvault



shareholder letter icon 7/8/2024 Letter Continued (Full PDF)
 

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