Question-and-Answer Session
Operator
Thank you, sir. (Operator Instructions). And our first question comes from the line of Tim Klasell with Thomas Weisel Partners. Please proceed.
Tim Klasell - Thomas Weisel Partners
Yes, good afternoon, everybody. A part of question that comes top of my mind here, some of the large deals that stretched out a little bit have they already closed in this quarter?
Bob Hammer
Some of them have, Tim. When I am talking about large deals, we typically talk about deals over 100,000, but there are quite a few deals that are well north of $1 million and we have strong bookings in that category already in Q2.
Tim Klasell - Thomas Weisel Partners
Okay, very good. And as we think of CommVault overall, as you begin to add more and more high level products and the deals are getting larger should we be thinking differently about the amplitude of the seasonality versus what we have seen historically from CommVault?
Bob Hammer
Well, if it wasn't for the results this quarter? I'd say no. When we talk about deals over $1.0 million, Tim, and now we are talking about deals in the millions.
I mean that these are in the $3 million to 5 million, one shot deals that are first orders. Some of these deals are extremely large and we have many more deals over $1 million in the funnel and a few of those slip and they can skew the numbers and make things look differently than they really are.
So, hopefully given the breadth and depth of the distribution, the basic catch up on our hiring that we can minimize what happened this quarter. What the point is for the year our overall outlook for the business has not change. Yes, just unfortunate we had the result we have this quarter, but it's really unfortunate given the underlying strength of the business.
Tim Klasell - Thomas Weisel Partners
Okay, great. Then one final question here on your biggest competitor out there, put up some pretty good numbers on their storage management business and has there been anything changed out there in the competitive landscape?
Bob Hammer
No, our competitive win rate against Symantec and against the other major competitors does not changed one iota. We have said in the past that the win rate, once it ends up and our deal ends as our funnel is approximately 90% and that has not changed at all.
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