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Commvault CEO on Earnings, Growth

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  • Description

    Commvault CEO Bob Hammer weighs in on the state of business.

  • Duration 3:37
  • Date

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Trigger a column called us this is a great success story CommVault releasing its third quarter earnings this morning reporting rectal revenue beating analysts' estimates shares by the way -- 10%.

Right now ten and a purpose and hitting a new 52 week high today the software company.

Specializing in data organization has been a success story of private equity investment.

So the question is what does the future hold joining us now for Fox Business.

-- -- chairman and CEO.

-- com -- and Bob thank you for joining us and congratulations.

Thank you very much greater numbers you know revenues up 24% year over year.

Operating income -- 52%.

Year over year.

Forget the -- struggling economy have you banished to do this.

Well like essentially.

I appreciate the comments and CommVault is a software.

Focus data focus software and services company.

And that problem we solve for corporations -- that data.

-- gotten so big.

That and it's changing so fast that clogging up the system enterprise having difficulty.

Now you know backing at.

Finding it.

Accessing it securing it making sense out of it.

And we help them do that but that's what we did and you say you've made some strategic investments as well what are you talking about.

Well in.

You know traditional recently started.

As a company of the data protection them.

But we've built the company starting in 1998 and we we thought about the data model.

Right that -- it was gonna grow we thought about this fifteen years ago that data would grow.

Million acts and things we did much more complicated in the infrastructure down.

So the company's been evolving from pure data protection on or about to announce a extension to what we're doing so we can get into managing.

The mobile workforce so that any individual can have.

Access to his or her files from any device.

Any time anywhere you know for example.

Or major companies can stuck but analytic -- -- -- lets them -- In if you're.

Alex extend missing concepts and -- -- patient -- directors now scattered all the different silos -- our young different hospitals doctors but what if you have one virtual repository.

And you can access all your records things like that.

Before we run out of time wants him to mention private equity -- -- company is a prime example of how this could work and I wanted to bring that into Dell that's.

You know reportedly -- rumored to be wanting to go private -- -- that's a good thing.

Well CommVault was a buyout from AT&T listen and 96 and -- and I got into some trouble.

And I was part of a private equity firm.

And we basically went in I came -- as CEO.

-- much of private equity funding we we are able to completely redo the strategy.

As a private company so we had the money to take his vision of -- and Data Co.

Away from the microscope of Wall Street right from the mine and we had the funding to do it right now.

And -- gone through a lot of restructuring.

-- and in.

Michael Dell's made the decision that it can it be better off doing that.

Yeah without having a microscope and we wish him well when she went behind coast -- one time was rumored to be interest -- in.

-- Lot of companies where interest to relate to I had just wrote about bigger and bigger congratulations thanks -- -- -- -- -- thank you so much for being here thanks very much appreciate it thank you.

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