CommVault Systems, Inc. Q3 Profit Decreases, But Beats Estimates

(RTTNews) - CommVault Systems, Inc. (CVLT) reported earnings for third quarter that decreased from the same period last year but beat the Street estimates.

The company's earnings came in at $11.02 million, or $0.24 per share. This compares with $17.14 million, or $0.38 per share, last year.

Excluding items, CommVault Systems, Inc. reported adjusted earnings of $42.61 million or $0.94 per share for the period.

Analysts on average had expected the company to earn $0.87 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 21.1% to $262.63 million from $216.81 million last year.

CommVault Systems, Inc. earnings at a glance (GAAP) :

-Earnings: $11.02 Mln. vs. $17.14 Mln. last year. -EPS: $0.24 vs. $0.38 last year. -Revenue: $262.63 Mln vs. $216.81 Mln last year.

-Guidance: Next quarter revenue guidance: $260 Mln - $264 Mln Full year revenue guidance: $980 Mln - $985 Mln