CLAIM #65428 · CommVault Systems Inc (CVLT) · 2024Q1 earnings call · Apr 30, 2024 · due Mar 31, 2024
“we'd expect probably about 60% in the second half versus relatively maybe 40% roughly in the first half.”
Gary Merrill · CFO
In context
“Gary Merrill (CFO): Sure. Aaron, I can touch on that also as well. The renewals in our business typically follow the linearity that we typically see across the broad portfolio of our go-to-market motion, which means that we'll see a higher renewal value in the second half. So that goes for both renewal opportunities and conversion opportunities. we'd expect probably about 60% in the second half versus relatively maybe 40% roughly in the first half. And some of the term length discussion I had on your previous question applies to the renewals. As some of our renewals also see some changing dynamics on term length as well.”
Verify independently
SEC filings for CVLT ↗ · Claim quote is verbatim from the 2024Q1 earnings call.