EL7.AI
StocksMedium•27 October 2026•
3 min read

Commvault Posts $267 Million in Subscription Revenue in First Quarter of 2027

Key Facts

1Subscription revenue was $267 million in the first quarter of fiscal 2027, up 16% year over year.
2SaaS revenue topped $100 million, growing 39% year over year in the first quarter of 2027.
3Subscription ARR reached $1.054 billion, up 22% year over year in the first quarter of 2027.
4Operating cash flow was $52 million and free cash flow was $51 million in the first quarter of 2027.

Commvault reported about $267 million in subscription revenue in the first quarter of fiscal 2027, up 16% year over year, according to results published for investors. The figures put the first quarter in context for reviewing expectations ahead of the second-quarter results, as the company had set a subscription revenue range of $264 million to $268 million for that quarter. The second-quarter results discussion was scheduled for October 27, 2026, according to an investor relations announcement. The second-quarter statement itself could not be reviewed, so the figures in the earlier draft cannot be treated as confirmed results for that quarter. What can be confirmed here is based on first-quarter results and the guidance the company issued before the second quarter.

In the first quarter, SaaS revenue topped $100 million, growing 39% year over year, according to Commvault's statement. That business grew faster than total subscription revenue, which increased 16% in the same period. Subscription ARR reached $1.054 billion, up 22% year over year. This measure captures the annualized recurring value of subscriptions, while quarterly revenue reflects amounts recorded over three months. These figures provide the points of comparison available to investors before the second-quarter results announcement.

Commvault reported operating cash flow of $52 million in the first quarter, while free cash flow was $51 million, according to the company. These metrics were part of the same period's results, in which subscription revenue and SaaS revenue increased. In fiscal 2026, subscription revenue was $768 million, up 30% from the prior year. This provides annual context for subscription growth before the start of fiscal 2027, alongside first-quarter results that showed a lower year-over-year increase than the prior fiscal year's growth rate. Assessing second-quarter performance requires confirmed results for that quarter, not the unverified figures in the old draft.

CEO Sanjay Mirchandani attributed the first-quarter results to customer interest in the company's AI-powered platform, saying they "are adopting our data protection platform to govern access and conduct clean, trusted recoveries," according to the statement. Commvault and Microsoft also announced a multiyear strategic partnership to deliver Commvault's AI and cyber resilience solutions as a native service on Microsoft Azure. The company's announcement said the partnership includes data protection and cyber recovery solutions. The initiative adds business context to management's comments about the platform, but on its own does not establish a specific financial impact on first- or second-quarter results. The company scheduled its second-quarter results discussion for October 27, 2026, starting at 8:30 a.m. U.S. Eastern Time.