> ## Content Index > Fetch the complete content index at: https://www.bullished.co/llms.txt > Use this file to discover other available public pages before exploring further. # Commvault Folds Support Into Its Key Recurring-Revenue Metric And Stops Reporting Total ARR - URL: https://www.bullished.co/commvault-folds-support-into-its-key-recurring-revenue-metric-and-stops-reporting-total-d3a13da7/ - Published: 2026-10-28T20:36:08.000Z - Updated: 2026-10-28T20:36:08.000Z - Description: Subscription ARR growth is 20% on the new basis versus 29% a year earlier, while SaaS ARR growth fell to 35% from 56%. - Author: Matteo Parrino - Tags: SEC Filings, CVLT, Industry: Technology [Commvault](https://www.bullished.co/tag/cvlt/), which sells software that protects and recovers data after cyberattacks and outages, has rebuilt its headline recurring-revenue yardstick: Subscription ARR now includes enterprise support, and Total ARR is [no longer disclosed](https://www.sec.gov/Archives/edgar/data/0001169561/000116956126000035/cvlt-20260930.htm?ref=bullished.co), according to its 10-Q filed Wednesday. On the new basis, growth rates trail last year's. ## A redefined yardstick, slower growth Before fiscal 2027, enterprise support counted only toward Total ARR. Commvault says the change brings the metric closer to Subscription revenue. Subscription ARR was $1,103.9 million at September 30, 2026, up 20% from $918.1 million a year earlier. Growth a year ago, on the same basis, was 29%. SaaS ARR reached $454.4 million, up 35% against 56% a year earlier. Subscription NRR, which gauges net expansion among existing customers, was 113% versus 114%. The filing also relabels these figures. The [prior quarter's 10-Q](https://www.sec.gov/Archives/edgar/data/0001169561/000116956126000024/cvlt-20260630.htm?ref=bullished.co) called them non-GAAP measures; this one calls them "operating metrics". ## SaaS revenue cools, margins widen SaaS revenue rose 33% in the quarter, down from 39% growth in the prior quarter. The earlier filing credited growth from both new and existing customers; the new one cites the continued expansion of the SaaS business and revenue recognized from contracts signed in current and prior periods. Total revenue was [$312.4 million](https://www.marketwatch.com/story/commvault-2q-profit-revenue-rise-as-ai-drives-demand-for-data-recovery-identity-protection-6401bf11?ref=bullished.co), up 13%, and subscription revenue was 86% of the total. Gross margin rose to 81.2% from 80.1%, and SaaS gross margin reached 70.0% from 63.5%. Net income was $29.1 million against $14.7 million a year earlier. Remaining performance obligations, including deferred revenue, were $1,074.7 million, with about 58% expected to be recognized within twelve months. ## Buybacks, convertible notes and lawsuits Over six months Commvault repurchased $119.3 million of stock, leaving $130.7 million authorized. Its $900.0 million of convertible notes, due in 2030, carried an estimated fair value of $842,841 thousand. The company and some current and former officers face securities class actions in federal court in New Jersey. Related derivative suits were consolidated in August 2026 and paused. Commvault says it cannot estimate the impact and has recorded no accrual. The company also recognized $6,500 thousand under a performance-based pricing and packaging arrangement. It was completed in the second quarter with nothing more payable. Cash stood at $897.3 million at September 30, 2026, and the revolving credit facility was undrawn. ### Sources - [10-Q Filing — Commvault (CVLT)](https://www.sec.gov/Archives/edgar/data/0001169561/000116956126000035/cvlt-20260930.htm?ref=bullished.co) — SEC EDGAR - [10-Q Filing — Commvault (CVLT), Q1 FY2027 filed 2026-07-29 (comparison basis)](https://www.sec.gov/Archives/edgar/data/0001169561/000116956126000024/cvlt-20260630.htm?ref=bullished.co) — SEC EDGAR - [Earnings release (8-K Item 2.02, q2fy27pressrelease.htm) — Commvault, filed 2026-10-27](https://www.sec.gov/Archives/edgar/data/0001169561/000116956126000032/q2fy27pressrelease.htm?ref=bullished.co) — SEC EDGAR - [CommVault Systems Non-GAAP EPS of $1.38 beats by $0.14, revenue of $312.39M beats by $2.11M (CVLT:NASDAQ) | Seeking Alpha](https://seekingalpha.com/news/4657800-commvault-systems-non-gaap-eps-of-1%5F38-beats-by-0%5F14-revenue-of-312%5F39m-beats-by-2%5F11m?ref=bullished.co) — seekingalpha.com - [Commvault 2Q Profit, Revenue Rise as AI Drives Demand for Data Recovery, Identity Protection](https://www.marketwatch.com/story/commvault-2q-profit-revenue-rise-as-ai-drives-demand-for-data-recovery-identity-protection-6401bf11?ref=bullished.co) — MarketWatch - [Sanjay Mirchandani, Commvault CEO: Fortt Knox Earnings](https://www.cnbc.com/video/2026/10/27/sanjay-mirchandani-commvault-ceo-fortt-knox-earnings.html?ref=bullished.co) — CNBC - [Compared to Estimates, Commvault (CVLT) Q2 Earnings: A Look at Key Metrics](https://finance.yahoo.com/markets/stocks/articles/compared-estimates-commvault-cvlt-q2-123006530.html?.tsrc=rss&ref=bullished.co) — Yahoo Finance - [Commvault Systems (CVLT) Beats Q2 Earnings and Revenue Estimates](https://finance.yahoo.com/markets/stocks/articles/commvault-systems-cvlt-beats-q2-115501163.html?.tsrc=rss&ref=bullished.co) — Yahoo Finance ### More on Commvault - [Commvault CFO Defends A Modest Guidance Raise After A Bigger First-Half Beat](https://www.bullished.co/commvault-cfo-defends-a-modest-guidance-raise-after-a-bigger-first-half-beat-ff2e62b7/) - [Commvault CEO: 'The Days Of Saying I Have A Backup Are Long Gone'](https://www.bullished.co/commvault-ceo-the-days-of-saying-i-have-a-backup-are-long-gone-7d68d5f6/) - [Commvault Net Income Nearly Doubles To $29.1 Million As Subscription Revenue Climbs 21%](https://www.bullished.co/commvault-net-income-nearly-doubles-to-29-1-million-as-subscription-revenue-climbs-21-f3fa09ad/) [All Commvault (CVLT) coverage →](https://www.bullished.co/tag/cvlt/)