Commvault Systems, Inc. (NASDAQ:CVLT) Q2 2024 Earnings Call Transcript

Tom Blakeley: And then just on the $130 million is a strong number. Just any type of commentary on the mix of capacity growth and new services there and possibly if securities impacting that would be helpful. Thanks.

Gary Merrill: Sure. Hey Tom, Tom its Gary, I’ll take that one. Relative to the 130% of net dollar retention, as you think about the drivers of what drove that from an up-sell versus cross-sell, about two-thirds of that comes from up-sell. Meaning, up-sell more of a similar capacity or licenses or seats and about third or roughly there comes from cross-sell, which benefits of the cross-sell motion, whether it be dynamics, whether it be our security offering, the hybrid cloud for VMs or databases, they’re all contributing factors. Absolutely, security is part of that. But we’re seeing a little bit more on the up-sell and about third of that expansion on the nor driven from cross-sell.

Tom Blakeley: Thanks Gary. Thanks guys.

Operator: We have no further questions at this time. I will now turn the call over to Michael Melnyk for closing remarks.

Michael Melnyk: Thank you for joining the call today. If you have any follow-up questions, feel free to reach out to me. Also just a reminder, if you haven’t yet registered, the live event will be November 8, in New York City and then, the replay for shift will be on November 9, visit commvault.com to register. Thanks for joining. Appreciate it.

Operator: This concludes today’s conference call. Thank you for your participation. And you may now disconnect.