Cloud Services, Mobile Propelling Shares Says Commvault CEO - TheStreet

Cloud Services, Mobile Propelling Shares Says Commvault CEO

Shares of Commvault are up 35% in 2016. Not a bad way to celebrate the data storage specialist's 10-year anniversary as a public company, said the company's CEO Bob Hammer.
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Shares of Commvault (CVLT) - Get Report are up 35% so far in 2016. Not a bad way to celebrate the data storage specialist's 10 year anniversary as a public company, said the company's CEO Bob Hammer. "Large enterprises who are moving to the cloud, mobile, next-generation on-premise and IT infrastructure have been the major catalysts for our success and we intend to keep going - and growing," said Hammer. On the topic of growth, Hammer said Commvault has opted to grow organically since the company's inception, however, he is not averse to a "selective tuck-in acquisition" if it makes sense. The cloud has been a major focus for CommVault. In the first half of 2016 the company experience a more than 60% increase in the petabytes of data being stored using Commvault software within public cloud environments. Finally, Hammer said that Commvault is a partner - not a competitor - with Amazon (AMZN) - Get Report in helping customers onto the web giant's AWS cloud infrastructure platform.