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Commvault: Fiscal 4Q Earnings Snapshot

TINTON FALLS, N.J. (AP) _ Commvault Systems Inc. (CVLT) on Tuesday reported a loss of $2.2 million in its fiscal fourth quarter.

On a per-share basis, the Tinton Falls, New Jersey-based company said it had a loss of 5 cents. Earnings, adjusted for stock option expense and pretax expenses, were 51 cents per share.

The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 53 cents per share.

The data-management software company posted revenue of $181.4 million in the period, which also did not meet Street forecasts. Six analysts surveyed by Zacks expected $189.1 million.

For the year, the company reported net income of $3.6 million, or 7 cents per share, swinging to a profit in the period. Revenue was reported as $711 million.

Commvault shares have climbed 4% since the beginning of the year. The stock has declined 11% in the last 12 months.


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