Commvault Systems Inc. reported second-quarter FY22 revenue growth of 4 percent year-over-year to $177.8 million, missing the consensus of $184.8 million. Annualized recurring shares closed lower by 19.36 percent at $61.04 on the last check Tuesday. Software and products revenue rose 4 percent year-over-year to $75.3 million, driven by a 6 percent increase in revenue from portfolio deals.

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