CommVault Systems Inc. (CVLT) shares rallied 5.07% on Tuesday during the intraday session, following the company's impressive fiscal third quarter 2025 results. The data protection and cyber resilience solutions provider reported accelerating revenue growth driven by robust demand across its product portfolio.
For the quarter ended December 31, 2024, CommVault posted adjusted earnings per share of $0.94, exceeding analysts' consensus estimates of $0.87. Revenue jumped 21.1% year-over-year to $262.6 million, surpassing Wall Street's expectations of $245.6 million.
The strong performance was fueled by CommVault's continued success in landing new enterprise data customers and adding a record number of Software-as-a-Service (SaaS) customers during the quarter. Subscription revenue, which includes SaaS and term licenses, soared 39% compared to the prior year, reflecting accelerating demand for the company's innovative data protection and management solutions.
Encouraged by the robust quarterly results, CommVault raised its full-year fiscal 2025 revenue guidance to a range of $980 million to $985 million, up from its previous outlook of $952 million to $957 million. The company expects subscription revenue to reach $575 million to $580 million for the fiscal year.
"Once again, CommVault has delivered a record-breaking quarter with accelerating revenue growth," said Sanjay Mirchandani, President and CEO of CommVault. "Our innovative approach to cyber resilience continues to win large net-new accounts and fuel our expansion business."
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