Storage Soup

A SearchStorage.com blog.

» VIEW ALL POSTS Feb 5 2009   3:52PM GMT

CommVault slides with economy



Posted by: Dave Raffo
Tags:

The economy took a bite out of CommVault last quarter, as the backup software vendor recorded lower sales than expected.

CommVault’s $60.1 million in revenue was below its guidance of $63 million to $65 million, and actually dropped 5% from the previous quarter — unusual because the fourth quarter of the year is when the most money is spent on storage. CommVault also reduced its forecast for this quarter to approximately $63 million to $67 million, down from previous guidance of $69 million to $72 million.

“We are certainly not happy with these results,” CommVault CEO Bob Hammer said on his company’s earnings call Wednesday night.

Hammer said CommVault’s win rate against its competitors hasn’t dropped, but larger deals are taking longer to get approved because of budget constraints. The company has increased its sales force to try and get things moving, and is counting on a boost from Simpana 8 released last week. Simpana 8 adds block-level data deduplication for data on disk and tape, and Hammer said CommVault released it ahead of schedule.

Still, CommVault’s forecast shows it might take awhile for Simpana sales to take off.

“We’re realistic about the state of the global economy,” Hammer said. “This uncertainty is why we have revised our guidance down. We’re dealing with an environment none of us has seen before.”

 Comment on this Post

 
There was an error processing your information. Please try again later.
Thanks. We'll let you know when a new response is added.
Send me notifications when other members comment.

REGISTER or login:

Forgot Password?
By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy

Forgot Password

No problem! Submit your e-mail address below. We'll send you an e-mail containing your password.

Your password has been sent to: