CommVault expects profit growth in 2008
16 May 2007
CommVault has said that it expects profit revenues to continue growing in the next fiscal year.
In its announcement for financial earnings in the fourth quarter, the vendor said it expects total revenues to be between £96.5 million and £97.48 million.
This follows an increase of 32 per cent in earnings over the last quarter and an 11 per cent increase in the third quarter.
N Robert Hammer, CommVault's chairman, president and chief executive officer, commented: "Our results exceeded our annual guidance. We have grown the top-line by a compounded annual growth rate of 37 per cent for the past five years.
"We are also seeing broader deployment of our full suite of products across a broader spectrum of deal sizes."
He added that the vendor expects to continue making the "necessary investments" in product innovation, support, marketing and distribution to sustain its track record of growth and innovation.
The news follows reports that CommVault has appointed Brad Colwell as county manager for its Singapore office.
It is hoped Mr Colwell will help lead the company's operations in China and Australia.
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