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Cornerstone OnDemand, Inc. Message Board

  • slick_trader24 slick_trader24 Nov 8, 2011 1:50 PM Flag


    Great beat!

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    • * revenues for the third quarter came in at $20 million, representing a year-over-year increase of 63%

      ** trailing 12-month revenue growth was 65%. Bookings, which we define as gross revenue plus change in deferred revenue, came in at $24 million for the third quarter, representing a year-over-year increase of 47%.

      *** revenue results were $1.5 million or 8.1% higher than our third quarter revenue guidance of $18.5 million.

      **** Operating loss for the third quarter of 2011 was $1.9 million compared to a loss of $3.5 million for the second quarter of 2011, and a loss of $3.7 million for the first quarter of 2011.

      ***** During the third quarter, our new client additions included High Hotels, Louis Vuitton, Sotheby's, US Airways, several branches of the US Central Banking System, our big four accounting firm, and a major multinational mobile phone and technology company.

      ****** From 2002 through 2010, we achieved an annual average dollar retention rate of 95%, and we believe we are on track to achieve this again in 2011. This combination of growth and retention has helped us increase the size of our base to over 7 million users as of September 30, which represents one of the largest SaaS subscriber bases in the world.

34.46-1.27(-3.57%)4:00 PMEST

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