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CommVault Sees Rise By Moving Into Cloud

Source: Investor's Business Daily

Author: Jim DeTar

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CommVault Systems (CVLT), a pioneer in software that companies use to manage their data, also aims to be a pioneer in the emerging cloud computing market.

CommVault was one of the first to offer a type of storage software called data deduplication, which helps companies limit the amount of duplicated data they store, cutting their data storage costs. Dedupe, backup, archival and other data management software are all included in CommVault's only product, called Simpana.

With corporate data exploding, CommVault's sales have risen. Analysts expect CommVault sales to be up 25% in its fiscal third quarter ending this month, at $69.7 million. The consensus forecast is for per-share profit to rise 20% to 18 cents.

Cloud computing refers to data and applications that are stored "in the cloud," or in off-site servers managed by suppliers. These are then accessed by users via the Internet as needed. The cloud can reduce a company's hardware and software costs.

CommVault's next version of Simpana, due out next year, is designed to work with cloud computing.

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