Shares of Commvault (CVLT) are skyrocketing after the company reported fiscal first quarter earnings that beat estimates for both revenue and earnings. The results got a big boost thanks to an increase in subscriptions.

Commvault CEO Sanjay Mirchandani joins Market Domination to give insight into the company's results.

Mirchandani give insight to the company's competitive edge: "We've spent over a billion dollars over the past ten years on innovation. We do protection now. We've evolved that to resilience. We have the largest support of workloads for customers... And so we have 1100 patents, around the space and our cyber resilience platform, Commvault Cloud... does both the data center as well as cloud native workloads."

Mirchandani also comments on the company's involvement with the recent CrowdStrike (CRWD) incident: "CrowdStrike was -- think of it as a wake up call. And this was this came from -- I've been using the term friendly fire. We were their security company. We trust them. And we applied the patch. The actual problem was fairly rudimentary. And the solution also. Dad this not been a patch gone wrong, had it been a malicious actor using a supply chain to get into our environments and do bad things, we'd have a real problem and we'd be still scratching our heads as to what to do."

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This post was written by Nicholas Jacobino