The financials
Commvault Systems, Inc. by the numbers
Commvault Systems, Inc. (CVLT) reported revenue of $314M in Q1 2027 (quarter ended Jun 30, 2026), up 11% from the same quarter a year earlier. That came with a gross margin of 82% and net income of $21M (6.7% of revenue). For the full year FY2026, revenue was $1.18B (+19% year on year) and net income $71M. Its largest product in Q1 2027 was Term Based Software Licenses at $110M, 35% of the disclosed total, just ahead of Software As A Service at 32%.
| Income statement | Q1 2027 | Q1 2026 | Change |
|---|---|---|---|
| Revenue | $314M | $282M | +11% |
| Gross profit | $257M | $231M | +11% |
| Operating income | $26M | $25M | +2.5% |
| Net income | $21M | $23M | −10% |
| Diluted EPS | $0.50 | $0.52 | −3.8% |
| Product | Revenue | Share |
|---|---|---|
| Term Based Software Licenses | $110M | 35% |
| Software As A Service | $101M | 32% |
| Term Based Software Support | $56M | 18% |
| Perpetual Support | $25M | 8.1% |
| Service Other | $13M | 4.1% |
| Perpetual License | $8.7M | 2.8% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2027Total $314.1M (+0.78%)
Software As A Service grew +39% year on yearPerpetual Support -19% year on year
Segment Latestquarter on quarteryear on year
- Term Based Software Licenses$110.4M$110.4MQoQ -3.5%year on year +1.0%-3.5%+1.0%
- Software As A Service$100.5M$100.5MQoQ +8.0%year on year +39%+8.0%+39%
- Term Based Software Support$56.1M$56.1MQoQ -year on year +18%-+18%
- Perpetual Support$25.5M$25.5MQoQ -year on year -19%--19%
- Service Other$12.9M$12.9MQoQ -1.1%year on year -6.9%-1.1%-6.9%
- Perpetual License$8.7M$8.7MQoQ -14%year on year +19%-14%+19%
Software - Application
Ranks #22 of 72 by Smart Score