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Commvault: Fiscal Q2 Earnings Snapshot
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TINTON FALLS, N.J. (AP) — TINTON FALLS, N.J. (AP) — Commvault Systems Inc. (CVLT) on Tuesday reported fiscal second-quarter profit of $29.1 million.

The Tinton Falls, New Jersey-based company said it had profit of 69 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.38 per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.25 per share.

The data-management software company posted revenue of $312.4 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $310.8 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

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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