Filing Flows › Commvault Systems (CVLT) › How it makes money
How Commvault Systems (CVLT) makes money
Commvault Systems (CVLT) made $312M of revenue in the second quarter fiscal 2027 (Q2 FY27), +13% from a year earlier. Total subscription brought in $269M (86%); Perpetual support brought in $23.5M (8%); Other services brought in $13.2M (4%). Of every dollar of revenue, 81¢ was left as gross profit, 10¢ was left as operating profit, 9¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q2 FY27
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Total subscription | $269M | 86.0% | +0.6% | +21% |
| ↳ Software-as-a-service | $106M | 34.0% | +6% | +33% |
| ↳ Term-based software licenses | $105M | 33.6% | -5% | +13% |
| ↳ Term-based support | $57.3M | 18.3% | +2% | +15% |
| Perpetual support | $23.5M | 7.5% | -8% | -23% |
| Other services | $13.2M | 4.2% | +2% | +18% |
| Perpetual license | $7.2M | 2.3% | -17% | -40% |
Where each dollar of revenue goes
| Line | Q2 FY27 | % of revenue |
|---|---|---|
| Revenue | $312M | 100.0% |
| Cost of revenue | $58.9M | 18.8% |
| Gross profit | $254M | 81.2% |
| Operating expenses | $223M | 71.4% |
| Operating profit | $30.4M | 9.7% |
| Income tax | $9.6M | 3.1% |
| Net earnings | $29.1M | 9.3% |
| Operating cash flow | $74.8M | 23.9% |
| Free cash flow | $70.9M | 22.7% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 FY27 | $312M | +13% |
| Q1 FY27 | $314M | +11% |
| Q4 FY26 | $312M | +13% |
| Q3 FY26 | $314M | +20% |
| Q2 FY26 | $276M | +18% |
| Q1 FY26 | $282M | +26% |
| Q4 FY25 | $275M | +23% |
From Commvault Systems' 10-Q filed Oct 28, 2026 (on EDGAR).
Questions
How does Commvault Systems make money?
Commvault Systems (CVLT) made $312M of revenue in the second quarter fiscal 2027 (Q2 FY27), +13% from a year earlier. Total subscription brought in $269M (86%); Perpetual support brought in $23.5M (8%); Other services brought in $13.2M (4%). Of every dollar of revenue, 81¢ was left as gross profit, 10¢ was left as operating profit, 9¢ was left as net earnings.
What is Commvault Systems' biggest business?
Total subscription: $269M in the second quarter fiscal 2027, 86% of revenue, +21% from a year earlier.
What is Commvault Systems' profit margin?
Net earnings were $29.1M, 9.3% of revenue, in the second quarter fiscal 2027; the operating margin was 9.7%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.