00:00 Speaker A
Well, CommVault reporting earnings today, beating on the top and bottom lines. And here to break down the report is CommVault CEO Sanjay Mirchandani. Sanjay, it is good to see you. So, your report results, your stock finished up nearly 2% in today’s trade. Of course, your stock has also up about 70% over the past 12 months, Sanjay. But walk us through the report, the results, what you’re seeing in the business.
00:47 Sanjay Mirchandani
Good to see you, George. Thanks for having me back. Um, it was a good quarter, Q4, for us. And we beat across, uh, all all key metrics. Um, you’ve got some of them up on screen. And it topped off, um, a really good year for us. You know, we what we do, what we do at CommVault is help customers be more resilient, be, you know, with their data, with their applications, with their business. And, um, there are different vectors that we protect them against and make them resilient with, cyber being one of them. And we’re seeing good secular sort of tailwinds in the in the in the cyber resilience space. Um, you know, what used to be sort of an IT hallway conversation has moved into the C-suite. And we’re talking to a lot of CEOs and and executives and boards about what it means to be resilient. Our technology, uh, with our CommVault cloud platform is leading in the space. Uh, we make it really straightforward and and and give customers a good, you know, good platform to work with. Uh, combine that with, um, something that we hold ourselves, um, accountable for, which is great execution between our teams and our and our ecosystem. Uh, I think that sums up, um, the results that we’re seeing.
03:13 Speaker A
Sanjay, you know, in this in this environment right now, it’s, you know, it’s uneasy, it’s there’s uncertainty. There are, you know, CEOs and CFOs, Sanjay, who just say, listen, I’m gonna not be able to give you guidance, I can’t give you a forecast right now. You didn’t do that. You gave guidance. You gave a forecast. What gave you the confidence to do that?
04:00 Sanjay Mirchandani
Well, you know, we what we, you know, fundamentally, what we what we do for customers really matters. I mean, there’s there’s no slowdown in in in cyber attacks and in the need for customers to be to be protected. It doesn’t matter if you’re a large enterprise or a small school. I mean, this is this is this is pervasive. So, you know, we’re we’re staying close to our customers, we’re staying close to our partners, understanding the pipeline, understanding the fact that this is important to them what we provide. And so, you know, having validated the best we can given the circumstances, we felt that, um, what we put out was a was a was a fair guide.