Cornerstone OnDemand, Inc. Helps Hyatt Extend Hospitality to its Associates
Aug 12 14
Cornerstone OnDemand, Inc. announced that Hyatt, is using Cornerstone's unified, cloud-based talent management software, including solutions for performance management, succession planning and compensation, to support career growth and mobility among its associates in its Americas region, and to deliver on its mission of being the hospitality brand of choice among colleagues, owners and guests around the world. With a reputation for being great places to work, Hyatt hotels understand that the key to creating a remarkable guest experience around the world is an engaged, close-knit workforce focused on extending authentic hospitality.(1) Hyatt associates can move across the company's brands and locations - which can help them develop new skills, gain global experience and connect with other associates in the Hyatt family.
Cornerstone OnDemand, Inc. Presents at 16th Annual Pacific Crest Global Technology Leadership Forum, Aug-11-2014 04:00 PM
Aug 8 14
Cornerstone OnDemand, Inc. Presents at 16th Annual Pacific Crest Global Technology Leadership Forum, Aug-11-2014 04:00 PM. Venue: The Sonnenalp Hotel, 20 Vail Road, Vail, CO 81657, United States. Speakers: Chirag Shah, director of corporate development.
Cornerstone OnDemand, Inc. Announces Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Revenue Guidance for the Third Quarter of 2014 and Maintains Earnings Guidance for the Full Year of 2014
Aug 6 14
Cornerstone OnDemand, Inc. announced consolidated unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenue of $61,468,000 against $44,346,000 a year ago. Loss from operations was $13,117,000 against $8,105,000 a year ago. Loss before income tax (provision) benefit was $16,432,000 against $8,819,000 a year ago. Net loss was $16,632,000 against $8,683,000 a year ago. Net loss per basic and diluted share was $0.31 against $0.17 a year ago. Net cash used in operating activities was $8,157,000 against $1,592,000 a year ago. Purchases of property and equipment were $4,073,000 against $910,000 a year ago. Capitalized software costs were $2,314,000 against $1,479,000 a year ago. Non-gaap net cash used in operating activities was $7,830,000 against $1,414,000 a year ago. Non- GAAP net loss for the second quarter of 2014 was $5.9 million or $0.11 net loss per share, compared to a non-GAAP net loss of $3.5 million yielding a non-gaap net loss margin of 8.0%, or a $0.07 net loss per share, in the second quarter of 2013.
For the six months, the company reported revenue of $118,877,000 against $82,003,000 a year ago. Loss from operations was $25,839,000 against $17,946,000 a year ago. Loss before income tax (provision) benefit was $32,069,000 against $18,752,000 a year ago. Net loss was $32,422,000 against $18,617,000 a year ago. Net loss per basic and diluted share was $0.61 against $0.36 a year ago. Net cash used in operating activities was $7,278,000 against $1,144,000 a year ago. Purchases of property and equipment were $7,269,000 against $2,377,000 a year ago. Capitalized software costs were $4,663,000 against $3,414,000 a year ago. Non- GAAP net cash used in operating activities was $7,629,000 against $878,000 a year ago.
For the third quarter of 2014, the company is currently expects GAAP revenues to range from $67 million to $69 million. At the midpoint, this range represents 41% growth over the third quarter of 2013 GAAP revenues of $48.3 million.
For the full year of 2014, the company is maintaining previous GAAP revenue guidance range of $267.5 million to $270.5 million. At the midpoint, this range suggests 45% growth over 2013 GAAP revenue of $185.1 million. With respect to full year 2014 non-GAAP net income or loss, the company is maintaining prior guidance of a loss of approximately $13 million, which would yield a net loss margin of 5% at the full year revenue guidance midpoint. This implies a non-GAAP loss of $0.24 per share, based on the full-year weighted average share count of approximately 53.3 million shares. The company is maintaining full year guidance for non-GAAP cash flows provided by operating activities of approximately $33 million, which represents a 12% margin at the midpoint of the revenue guidance range.