Filing Flows › Commvault Systems (CVLT) › Q2 FY27
Commvault Systems (CVLT) Q2 FY27 earnings results (second quarter fiscal 2027)
10-Q filed Oct 28, 2026
Commvault Systems (CVLT) reported revenue of $312M for the second quarter fiscal 2027 (Q2 FY27), +13% from a year earlier and -0.6% from the quarter before. Operating margin was 9.7%, net earnings $29.1M (9.3% of revenue).
Commvault Systems, Q2 FY27: revenue $312M (+13% year over year), operating margin 9.7%, net earnings $29.1M, operating cash flow $74.8M. The chart follows the revenue to costs, profit and cash.
| Q2 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $312M | -0.6% | +13% |
| Gross profit | $254M | -1% | +15% |
| Operating profit | $30.4M | +18% | +143% |
| Net earnings | $29.1M | +38% | +98% |
| Operating cash flow | $74.8M | +45% | -3% |
| Free cash flow | $70.9M | +39% | -4% |
What changed
Revenue was $312.4M in Q2 FY27, up 13% year over year and down 1% from the previous quarter. Software-as-a-service was the largest line at 34% of revenue. Software-as-a-service added $26.2M year over year (up 33%), 72% of the total change. Perpetual license declined 40%.
Gross margin was 81.2%, up 1.1 points from Q2 FY26. Operating profit was $30.4M, a 9.7% margin (up 5.2 points year over year). Of the extra revenue versus Q2 FY26, 49% reached operating profit, above the 5% margin then. Operating expenses grew 7% against revenue growth of 13%. The fastest-growing cost line was Sales & marketing (+11%). Net earnings were $29.1M, up 98% year over year. The effective tax rate was 24.9%. Non-operating items added $8.4M, 22% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $74.8M (down 3% year over year), 257% of net earnings. Non-cash charges added back $2.8M of depreciation and amortization and $35.8M of share-based compensation. Working capital and other items added $7.1M. Capital expenditures of $3.9M left free cash flow of $70.9M.
Questions
What was Commvault Systems' revenue in the second quarter fiscal 2027?
Commvault Systems (CVLT) reported revenue of $312M for the second quarter fiscal 2027 (Q2 FY27), +13% from a year earlier and -0.6% from the quarter before.
Was Commvault Systems profitable in the second quarter fiscal 2027?
Operating profit was $30.4M (9.7% of revenue) and net earnings $29.1M.
Source: Commvault Systems 10-Q on SEC EDGAR.