Commvault today announced its financial results for the first quarter ended June 30, 2021 and the total revenues for the first quarter of fiscal 2022 were $183.4 million, an increase of 6% year over year. Total recurring revenue was $142.2 million, representing 78% of total revenue.
Commvault announced it was positioned by Gartner, in the Leaders quadrant of the recently released Magic Quadrant for Data Center Backup and Recovery Solutions. Gartner positioned Commvault furthest for completeness of vision in the Leaders quadrant and highest
Commvault, announced recently that it is all set to acquire software-defined storage (SDS) innovator, Hedvig, for $225 million. According to Crawford Del Prete, IDC’s President, “Multi cloud data management is a hard problem for customers to solve, and that translates to value.
Commvault announced the appointment of Sanjay Mirchandani as President and CEO and member of the Board, effective immediately. Mirchandani, previously the CEO of Puppet, an Oregon-based IT automation company, replaces retiring President and CEO Bob Hammer.
