Commvault expands new backup software-as-a service across Europe amid record Q3
Data backup giant posts strong Q3 numbers as it rolls out new SaaS product in multiple geographies
Commvault's bet on backup software-as-a service has made good with its Q3 earnings showing the company's subscription revenues are taking off. The data management vendor logged record revenues of $188m (€154.88m), up seven per cent year on year. Broken into segment, Software and Products revenue was $88.6m (€73.01m), an increase of 16 per cent. And of that, subscription revenues made up 55 per cent of that part of the vendor's business, versus 41 per cent a year ago. The US giant made a...
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