Cornerstone OnDemand notches Q2 sales surge

Summary:Bookings in the second quarter were up 55 percent from a year ago. Deferred revenue was up 57 percent.

Cornerstone OnDemand, which makes talent management and HR software, reported a strong second quarter as sales were up 66 percent from a year ago.

The company reported a second quarter net loss of $8.7 million, or 17 cents a share, on revenue of $44.3 million, up 66 percent from a year ago. Cornerstone's non-GAAP loss was 7 cents a share.

Wall Street was expecting a loss of 6 cents a share on revenue of $42.08 million.

Cornerstone has benefited from consolidation in the HR software space. The company also has forged a partnership with Appirio.

In a statement, CEO Adam Miller said the quarter was strong and the company's wares are building momentum. Bookings in the second quarter were up 55 percent from a year ago. Deferred revenue was up 57 percent.

csodbookings

 

Related:

Topics: Cloud, Enterprise Software

About

Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic. He was most recently Executive Editor of News and Blogs at ZDNet. Prior to that he was executive news editor at eWeek and news editor at Baseline. He also served as the East Coast news editor and finance editor at CN... Full Bio

zdnet_core.socialButton.googleLabel Contact Disclosure

Kick off your day with ZDNet's daily email newsletter. It's the freshest tech news and opinion, served hot. Get it.

Related Stories

The best of ZDNet, delivered

You have been successfully signed up. To sign up for more newsletters or to manage your account, visit the Newsletter Subscription Center.
Subscription failed.