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 MlnFull year revenue guidance: $980 Mln - $985 Mln
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