Filing Flows › Commvault Systems (CVLT) › Q1 FY27
Commvault Systems (CVLT) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Jul 29, 2026
Commvault Systems (CVLT) reported revenue of $314M for the first quarter fiscal 2027 (Q1 FY27), +11% from a year earlier and +0.8% from the quarter before. Operating margin was 8.2%, net earnings $21.1M (6.7% of revenue).
Commvault Systems, Q1 FY27: revenue $314M (+11% year over year), operating margin 8.2%, net earnings $21.1M, operating cash flow $51.7M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $314M | +0.8% | +11% |
| Gross profit | $257M | +1% | +11% |
| Operating profit | $25.7M | +55% | +3% |
| Net earnings | $21.1M | +44% | -10% |
| Operating cash flow | $51.7M | -61% | +63% |
| Free cash flow | $51.1M | -61% | +71% |
What changed
Revenue was $314.1M in Q1 FY27, up 11% year over year and up 1% from the previous quarter. Term-based software licenses was the largest line at 35% of revenue. Software-as-a-service added $28.1M year over year (up 39%), 87% of the total change. Perpetual support declined 19%.
Gross margin was 81.7%, down 0.3 points from Q1 FY26. Operating profit was $25.7M, a 8.2% margin (down 0.7 points year over year). Of the extra revenue versus Q1 FY26, 2% reached operating profit, below the 9% margin then. Operating expenses grew 12% against revenue growth of 11%. The fastest-growing cost line was Other operating costs (+105%). Net earnings were $21.1M, down 10% year over year. The effective tax rate was 34.4%. Non-operating items added $6.5M, 20% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $51.7M (up 63% year over year), 244% of net earnings. Non-cash charges added back $2.3M of depreciation and amortization and $35.3M of share-based compensation. Working capital and other items used $7.1M. Capital expenditures of $569K left free cash flow of $51.1M.
Questions
What was Commvault Systems' revenue in the first quarter fiscal 2027?
Commvault Systems (CVLT) reported revenue of $314M for the first quarter fiscal 2027 (Q1 FY27), +11% from a year earlier and +0.8% from the quarter before.
Was Commvault Systems profitable in the first quarter fiscal 2027?
Operating profit was $25.7M (8.2% of revenue) and net earnings $21.1M.
Source: Commvault Systems 10-Q on SEC EDGAR.