Cornerstone OnDemand, Inc. (NASDAQ:CSOD) had a loss and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are flat.
Cornerstone OnDemand, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share was the same at $-0.06 in the quarter versus EPS of $-0.06 in the year-earlier quarter.
Revenue: Rose 63.91% to $36.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Cornerstone OnDemand, Inc. reported adjusted EPS loss of $-0.06 per share. By that measure, the company met the mean analyst estimate of $-0.06. It beat the average revenue estimate of $35.59 million.
Quoting Management: “Through all of the consolidation that took place during 2012, our business continued to excel, and Cornerstone OnDemand is today the clear independent SaaS leader in learning and talent management,” said Adam Miller, the Company’s President and CEO. “We are extremely proud of what our team was able to accomplish this past year. Our persistent drive to innovate has provided our clients with a best-of-breed, end-to-end talent management solution. With a truly global market opportunity, and our relentless focus on client success, we look forward to continued growth in the future.”
Key Stats (on next page)…