Commvault: Fiscal Q1 Earnings Snapshot

TINTON FALLS, N.J. (AP) — TINTON FALLS, N.J. (AP) — Commvault Systems Inc. (CVLT) on Tuesday reported fiscal first-quarter net income of $18.5 million.

The Tinton Falls, New Jersey-based company said it had net income of 41 cents per share. Earnings, adjusted for one-time gains and costs, came to 85 cents per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 75 cents per share.

The data-management software company posted revenue of $224.7 million in the period.

For the current quarter ending in September, Commvault said it expects revenue in the range of $218 million to $222 million.

The company expects full-year revenue in the range of $915 million to $925 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CVLT at https://www.zacks.com/ap/CVLT