OCEANPORT, N.J. -- CommVault (NASDAQ:CVLT) today announced its financial results for the fourth quarter and fiscal year ended March 31, 2008.
N. Robert Hammer, CommVaults chairman, president and CEO, stated, We again achieved another record quarter as we continue to execute on our business plans and strategies. Our 33% growth in total revenues in the fourth quarter compared to the prior year was driven by increased market penetration and acceptance of our Simpana Software Suite. The demand for our Simpana Software Suite was very strong and helped drive the accelerated growth of our emerging products. Our international investments continue to have high returns as we had another excellent quarter from our international operations. All of the key elements of our business are in place for us to execute and achieve our fiscal 2009 objectives.
Total revenues in the fourth quarter of fiscal 2008 were a record $56.6 million, an increase of 33% over the fourth quarter of fiscal 2007 and 13% over the prior quarter. Software revenue in the fourth quarter of fiscal 2008 was $31.3 million, up 32% year-over-year and 16% sequentially. Services revenue in the fourth quarter of fiscal 2008 was $25.3 million, up 34% year-over-year and 8% sequentially.
For the full fiscal year, total revenues were $198.3 million, an increase of 31% over fiscal 2007, and software revenue was $109.0 million, up 30% from the prior year. Services revenue for the full fiscal year was $89.3 million, an increase of 33% over fiscal 2007.
Income from operations (EBIT) was $8.6 million for the fourth quarter, a 52% increase from $5.6 million in the same period of the prior year. Non-GAAP income from operations (EBIT) increased 47% to $10.9 million in the fourth quarter of fiscal 2008 compared to $7.5 million in the fourth quarter of the prior year. Income from operations for the full fiscal year was $23.7 million, an increase of 43% over fiscal 2007. Non-GAAP income from operations (EBIT) for the full fiscal year was $32.8 million, an increase of 44% over fiscal 2007.
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