Commvault Systems, Inc. (CVLT) Q3 2020 Earnings Call Transcript

Commvault Systems, Inc. (CVLT) Q3 2020 Earnings Call Transcript

Good morning and thanks for dialing in today for our call to discuss our fiscal third quarter 2020 earnings results.. Our ability to deliver these results is due to the innovation, execution and simplification priorities we established at the start of the fiscal year.. With Commvault's go-to-market muscle and growing specialized sales forces, we have added customers, expanded our pipeline and put several large proof of concepts in play.. And we continue to innovate the products that our customers have depended on for years.. The new capabilities simplify recovery readiness and enable customers to take on today's toughest data challenges.. Momentum continues to build for our Commvault HyperScale solutions, which are consistently contributing to our revenues delivering more than 10% year-over-year growth in the third quarter.. As a technology company, innovation is always critical, but innovation alone will not deliver the results.. We added approximately 200 more subscription and utility customers during the quarter.. We're winning across various customer segments globally, because our robust technology solves multiple problems for customers.. , as we shared last quarter, we continue to invest in expanding our sales force with Q3 being one of our strongest field recruiting quarters.. Total revenue in the third