Backup and data protection channel player Commvault is trumpeting a “record-breaking year” in the highly competitive market.
For the year ended 31 March, 2025, Sanjay Mirchandani, president and CEO, said the firm now had 12,000 subscription customers, and is firmly positioned as a “growth company”, with subscription revenue up 45% year-on-year in the fourth quarter.
Total revenues in the fourth quarter were $275m, with subscription sales valued at $173m. The operating profit was $27m.
For the full year, total revenues were $996m, up 19% annually, and total annual recurring revenue (ARR) grew to $930m, up 21%.
As a way of comparison, market leader Veeam says it has hit ARR of $1.75 billion, and is expecting to reach $2 billion in ARR later this year.
Annual subscription revenue was $590m, up 37%, and the operating profit was $74m.
Commvault’s bigger competitors are Veeam, Cohesity after it acquired Veritas, Dell, and IBM, among many other smaller players in the market.
