TINTON FALLS, N.J. (AP) — TINTON FALLS, N.J. (AP) — Commvault Systems Inc. (CVLT) on Tuesday reported fiscal first-quarter earnings of $23.5 million.
The Tinton Falls, New Jersey-based company said it had profit of 52 cents per share. Earnings, adjusted for one-time gains and costs, were $1.01 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 97 cents per share.
The data-management software company posted revenue of $282 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $268.7 million.
For the current quarter ending in September, Commvault said it expects revenue in the range of $272 million to $274 million.
The company expects full-year revenue in the range of $1.16 billion to $1.17 billion.
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