Excluding certain items, CommVault posted adjusted first-quarter earnings of 15 cents per share, surpassing expectations by five cents. Revenue was up 10 percent over the comparable quarter last year, reaching $60.2 million. Consensus estimates from Reuters were for revenue of approximately $58 million.
CommVault’s shares have risen more than 35 percent in the last three months, mainly on the basis of the company’s performance but also, to a lesser extent, as a result of acquisition rumors.
After buying and successfully integrating EquaLogic, an iSCSI storage-systems vendor, Dell is rumored to be ready to make another acquisition in the storage space. As a SearchStorage article noted more than two weeks ago, CommVault meets most candidate criteria for a Dell acquisition. In my view, of all the companies listed in the SearchStorage piece, CommVault and GlassHouse Technologies are the likeliest targets for Dell.
Dell and CommVault already have an existing relationship and seem to work well together.
In June, CommVault announce a strengthened global OEM partnership with Dell through the introduction of the Dell PowerVault DL2000, powered by CommVault Simpana 8 software. The joint all-in-one, disk-based offering is designed for small and medium-sized businesses (SMBs), a market segment where Dell competes effectively and still has room to expand its presence.