CommVault earnings soar as sales hit record pace

Software maker CommVault Systems Inc. reported a surge in fourth-quarter profits Tuesday, saying an improving economy helped the company post a record number of sales.

CommVault, which makes a brand of software called Simpana for storing and backing up data on computer networks, earned $5.8 million, or 13 cents per share. That's up from $239,000, or a penny per share, a year ago.

Revenue grew 31 percent to $73.4 million from $56.1 million.

Earnings for the full year ended March 31 totaled $18.4 million, or 41 cents per share, up nearly 50 percent from $12.3 million, or 28 cents per share, the year before. Revenue climbed 16 percent to $271 million from $234.5 million.