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CommVault Cashes In on Simpana

Backup specialist CommVault announced a solid set of fourth-quarter results tonight, posting revenues of $56.6 million, 33 percent up on the same period last year, and above analyst estimates of $54.06 million.

On a GAAP basis, the vendors fourth-quarter earnings per share were 14 cents on net income of $6.2 million, compared to 14 cents and $51.8 million in the same period last year, although this figure included a tax benefit of $45.6 million.

CommVault’s non-GAAP earnings were 19 cents on net income of $8.5 million, compared to 14 cents and $6 million in the same period last year. Analysts had estimated earnings of 18 cents.

The vendor’s 2008 revenues were $198.3 million, up 31 percent on the prior year. Analysts had estimated revenues of $195.7 million.

”We had a strong fourth quarter and fiscal year,” said CommVault CEO Bob Hammer, explaining that this was reflected across all geographies. “We’re not naïve about the economic climate [but] we continue to see strong demand for our products.”

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