Commvault Systems Expects FY25 Revenue of $904M-$914M Vs $883.42M Est

Financial Outlook for First Quarter and Full Year Fiscal 20253–

We are providing the following guidance for the first quarter of fiscal year 2025:

• Total revenues are expected to be between $213 million and $216 million
• Subscription revenue is expected to be between $116 million and $119 million
• Non-GAAP operating margin is expected to be between 18% to 19%

We are providing the following guidance for the full fiscal year 2025:

• Total revenues are expected to be between $904 million and $914 million
• Total ARR2 is expected to grow 14% year over year
• Subscription revenue is expected to be between $514 million and $518 million
• Subscription ARR is expected to grow between 21% to 23% year over year
• Non-GAAP operating margin is expected to be between 20% to 21%
• Free cash flow is expected to be at least $200 million