Commvault, Cognizant Issue Financial Results, Malbek Gets Ready To Scale – NJ Tech Weekly

[This article was taken from NJTW News, an newsletter.

Sign up for it here.] With the economy being on the top of readers’ minds this summer, we provide some earnings news below on New Jersey-based public tech companies.

 Commvault Commvault, a Tinton-Falls software company, reported its fiscal 2023 first quarter financial results: first quarter software and product revenue up 13 percent year over year; total recurring revenue up 20 percent year over year, and annualized recurring revenue (ARR) up 12 percent year over year. Despite stronger-than-expected results, Commvault’s stock dropped immediately following the earnings release, according to SiliconAngle.

com. Cognizant Cognizant, a Teaneck-based professional services company with a heavy tech focus, reported the following second-quarter 2022 results: revenue of $4.

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