Commvault Systems, Inc. (NASDAQ:CVLT) Q2 2025 Earnings Conference Call October 29, 2024 8:30 AM ET
Company Participants
Michael Melnyk - Director, IR
Sanjay Mirchandani - President, CEO & Director
Jen DiRico - CFO
Conference Call Participants
Aaron Rakers - Wells Fargo Securities
Rudy Kessinger - D.A. Davidson & Co.
James Fish - Piper Sandler & Co.
Jason Ader - William Blair.
Howard Ma - Guggenheim Securities
Operator
Thank you for standing by. I would like to welcome everyone to the Commvault Q2 FY 2025 Earnings Conference Call. I would now like to turn the call over to Mike Melnyk, Head of Investor Relations. Please go ahead, sir.
Michael Melnyk
Good morning and welcome to our earnings conference call. Before we begin, I'd like to remind you that statements made on today's call will include forward-looking statements about Commvault's 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 materially different from 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 website. Thank you again for joining us.
Now I'll turn it over to our CEO Sanjay Mirchandani for his opening remarks. Sanjay.
Sanjay Mirchandani
Thanks, Mike. Good morning, and thank you for joining today's call. Q2 was an exceptional quarter with momentum once again accelerating across all our primary KPIs. During the quarter, total revenue increased 16% to $233 million, our fourth consecutive quarter of double-digit revenue growth.
Total ARR accelerated 20% to $853 million, Subscription ARR rose 30% to $687 million. SaaS ARR jumped 64% to $215 million and now represents 25% of our total ARR. And free cash flow grew 34% to $54 million, with 97% of that free cash flow returned through share repurchases.
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