Commvault Systems, Inc. (NASDAQ:CVLT) Q4 2022 Earnings Conference Call May 3, 2022 8:30 AM ET

Company Participants

Michael Melnyk - Head of Investor Relations

Sanjay Mirchandani - Chief Executive Officer

Brian Carolan - Chief Financial Officer

Conference Call Participants

James Fish - Piper Sandler

Jason Ader - William Blair

Eric Martinuzzi - Lake Street

Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Commvault Fourth Quarter Fiscal Year 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions]

It is now my pleasure to introduce Head of Investor Relations, Mike Melnyk.

Michael Melnyk

Good morning and welcome to our earnings conference call. I'm Mike Melnyk, Head of Investor Relations. And I'm joined by Sanjay Mirchandani, Commvault's CEO; and Brian Carolan, Commvault's CFO.

An infographic with key financial operating metrics is posted on the Investor Relations Web site for reference. Statements made on today's call will include forward-looking statements about Commvault future expectations, plans, and prospects. All such forward-looking statements are subject to risks, uncertainties, and assumptions. Please refer to the cautionary language in today's earnings release and Commvault's most recent periodic reports filed with the SEC for a discussion of the risks and uncertainties that could cause the company's actual results to be different and those contemplated in these forward-looking statements. Commvault does not assume any obligation to update these statements. During this call, Commvault's financial results are presented on a non-GAAP basis. A reconciliation between the non-GAAP and GAAP measures can be found on our Web site.

Thank you again for joining us. Now I'll turn it over to Sanjay for his remarks. Sanjay?

Sanjay Mirchandani

Thank you, Mike. Good morning, and thank you for joining us today. Fiscal 2022 was "The best" year in Commvault's history. Our differentiated platform and portfolio are resonating with customers and partners alike. Demand is strong, and our team is executing, enabling us to outpace and take share from the competition.

We closed the year on a high note, posting record quarterly revenue, EBIT, and EPS. Q4 software revenue of $101 million was a new milestone for the company, and we crossed $200 million in total revenue for the second consecutive quarter. Our growth was driven by the continued traction of our software and SaaS offerings, increased multi-product adoption, and through large deals. Additionally, Metallic continue to scale and contribute meaningfully to our revenue and customer growth.