ComVault shows 71% revenue increase

CommVault Systems (Eatontown, NJ, http://www.commvault.com

), a spin-off from AT&T/Lucent Technologies, experienced a 71% increase in revenue during 1996. CommVault now boasts $36 million in revenue, relative to its 1995 performance of $21 million. CommVault Systems' labor-force doubled last year as a result of its storage management solutions and services. According to CommVault Systems, there is reason to believe that this growth trend will continue into the future; a recent IDC forecast supports this notion. President and CEO, Scotty Neal, comments: "Our one year anniversary marks an exciting time and an immense opportunity for CommVault."