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Wednesday, Oct 31
2012, 10:53 AM
CommVault (CVLT +17.6%) soars to new highs after beating Q3 estimates and stating on its...
CommVault (CVLT +17.6%) soars to new highs after beating Q3 estimates and stating on its earnings call it's comfortable with revenue growth forecasts for its fiscal year, in spite of weak IT spending. CommVault also noted $100K+ software deals grew to account for 56% of its license revenue in Q3, as it continues taking storage backup software share, and that 480 new customers were added. CommVault's partnership with Dell accounted for 21% of revenue, and IT distributor Arrow 29%. (CFO change)