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Stock impact report

Dawn Of The New Commvault? [Forbes]

Commvault Systems, Inc. (CVLT) 
Last commvault systems, inc. earnings: 1/29 07:40 am Check Earnings Report
US:NASDAQ Investor Relations: ir.commvault.com
Company Research Source: Forbes
Commvault has had a tough few years but there are early signs that its attempt at a refresh may be starting to work. Commvault CEO Sanjay Mirchandani is very pleased with the customer response to the new Metallic Software-as-a-Service offering so far. "We launched [Metallic] thinking that the initial foray of the product would be with the 500 to 2500 employee customers," Mirchandani said, "But we're getting some very positive interest across segments, including enterprise, who want the choice of being able to use a SaaS capability in conjunction with other things that they have." "We're seeing a lot of pickup of the Office365 native backup that we can do with it," he added. While Commvault isn't likely to say its own product isn't doing well—not to me at any rate—Mirchandani's comments do hint at what I think has been hurting the traditional backup players, particularly in the enterprise. Backup is sticky because of all the data being kept for month or years, sometimes as an archive ( Show less Read more
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