TINTON FALLS, N.J. (AP) — TINTON FALLS, N.J. (AP) — Commvault Systems Inc. (CVLT) on Tuesday reported fiscal fourth-quarter profit of $14.6 million.
The Tinton Falls, New Jersey-based company said it had profit of 34 cents per share. Earnings, adjusted for stock option expense and restructuring costs, came to $1.28 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.09 per share.
The data-management software company posted revenue of $311.7 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $306.6 million.
For the year, the company reported profit of $70.7 million, or $1.58 per share. Revenue was reported as $1.18 billion.
Commvault expects full-year revenue in the range of $1.3 billion to $1.31 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CVLT at https://www.zacks.com/ap/CVLT