Q2 FY'23 Results ($ in M's)

Software & Products Revenue1

Total Revenue Mix

Accelerating Our Business Model

$188

$83

$178

Transition

$72

$75

+10% YoY

$171

+6% YoY

+16% YoY

+12% YoY

Subscription &

$400

Constant

Constant

SaaS ARR

+44% YoY

Currency

Currency

75%

79%

84%

$278

53%

63%

76%

Perpetual

Non-Recurring

$193

Subscription

Recurring

Q2 FY21

Q2 FY22

Q2 FY23

Q2 FY21

Q2 FY22

Q2 FY23

Subscription

Metallic SaaS

Annual Recurring Revenue (ARR)

Non-GAAP EBIT Margin and EPS

$604

$31

$35

Q2FY21

Q2 FY22

Q2 FY23

$543

+11% YoY

$29

$483

Customer Exabytes

+18% YoY

% of Total ARR

Constant

Stored in the Cloud

Currency

$0.48

$0.57

EPS

3+EB

$0.45

66%

~2.5x

34%

17%

17%

19%

EBIT %

All Other ARR

Q2 FY21

Q2 FY22

Q2 FY23

Q2 FY21

Q2 FY22

Q2 FY23

Q2 FY21

Q2 FY22

Q2 FY23

Subscription SW / SaaS ARR

1 Does not include SaaS Revenue

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Fiscal 1H'23 ($ in M's)

Software & Products Revenue1

Total Revenue Mix

$157

$175

+11% YoY

$386

+7% YoY

$361

+17% YoY

+12% YoY

62%

59%

79%

Constant

78%

77%

85%

Constant

Currency

Currency

Subscription

Recurring

Perpetual

1H FY22

1H FY23

Non-Recurring

1H FY22

1H FY23

Non-GAAP EBIT Margin

FCF & Share Repurchases

$76

$49

$72

$22

Free Cash Flow

Repurchases

20%

19%

20%

EBIT %

88%

81%

% of FCF

Returned

1H FY22

1H FY23

Q1 FY23

Q2 FY23

1 Does not include SaaS Revenue

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2

Last 4 Qtrs "Rule of 40" - Constant Currency

FQ2'22 to FQ2'23

Revenue Impact

EBITDA Margin Impact

"Rule of 40" Impact

+11% YoY

+7% YoY

22.6%

22.0%

Note: Please refer to SEC Form 10Q filing for additional constant currency details. Cross-footing does not agree due to rounding.

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CommVault Systems Inc. published this content on 01 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 November 2022 12:09:07 UTC.