CLAIM #65499 · CommVault Systems Inc (CVLT) · 2024Q4 earnings call · Jan 28, 2025 · due Mar 31, 2025
“With the tailwinds we've seen starting to diminish, I think somewhere between flat and low single-digit decline is reflected in our guidance.”
Sanjay Mirchandani · CEO
PENDING
graded after results covering Mar 31, 2025 are reported
In context
“Sanjay Mirchandani (CEO): With the tailwinds we've seen starting to diminish, I think somewhere between flat and low single-digit decline is reflected in our guidance. I would expect that perpetual business headwinds will normalize, with a run rate of about $12 million to $15 million per quarter. We expect that customer support line to hover around roughly $300 million for the full year, meaning those tailwinds have essentially been eliminated and are expected to remain flat to slightly down.”
Verify independently
SEC filings for CVLT ↗ · Claim quote is verbatim from the 2024Q4 earnings call.