Commvault Expands Cloud Rewind to Protect 62% of Azure Resource Types
Commvault expanded its Cloud Rewind platform on Aug. 18, tripling the Microsoft Azure resource types it can protect and recover to 62% of enterprise-relevant options. The update follows strong results: subscription revenue rose 16% to $267 million and annualized recurring revenue hit $1.054 billion. Commvault also signed a multi-year Microsoft deal to sell resilience tools as an Azure native service, while guidance kept subscription revenue largely flat.