The company, which provides enterprise level data-storage solutions, reported results for the second fiscal quarter on Monday, during the market closure, that included a 76% surge in earnings for the period. Net income rose to $13.9 million, or 29 cents per share, compared to $7.9 million, or 17 cents per share, for the same period last year. Adjusted earnings were 38 cents a share. Revenue rose 21% to $118.2 million Analysts had been expecting earnings of 28 cents a share on revenue of $115.7 million, according to Thomson Reuters. On a conference call Monday, the company said it believed Wall Street's revenue target for its 2013 fiscal year was "reasonable." Gabriel Lowry of Mizuho Securities wrote in a note that "CommVault is not experiencing the macro effects impacting its peer group, reflecting solid execution and strong underlying market demand.
More at CommVault shares jump on results, outlook - MarketWatch
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