CommVault Systems, Inc. Q1 Profit Increases, Beats Estimates

(RTTNews) - CommVault Systems, Inc. (CVLT) released a profit for its first quarter that Increased from last year and beat the Street estimates.

The company's earnings came in at $23.50 million, or $0.52 per share. This compares with $18.53 million, or $0.41 per share, last year.

Excluding items, CommVault Systems, Inc. reported adjusted earnings of $45.63 million or $1.01 per share for the period.

Analysts on average had expected the company to earn $0.97 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 25.5% to $281.98 million from $224.67 million last year.

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

-Earnings: $23.50 Mln. vs. $18.53 Mln. last year. -EPS: $0.52 vs. $0.41 last year. -Revenue: $281.98 Mln vs. $224.67 Mln last year.

-Guidance: Next quarter revenue guidance: $272 - $274 Mln Full year revenue guidance: $1.16 - $1.17 Bln