cornerstone ondemand inc (CSOD) Key Developments
Cornerstone OnDemand, Inc. Presents at Bank of America Merrill Lynch 2015 Global Technology Conference, Jun-03-2015 11:30 AM
May 27 15
Cornerstone OnDemand, Inc. Presents at Bank of America Merrill Lynch 2015 Global Technology Conference, Jun-03-2015 11:30 AM. Venue: The Ritz Carlton, 600 Stockton Street, San Francisco, California, United States.
Cornerstone OnDemand, Inc. Presents at Stephens Spring Investment Conference 2015, Jun-02-2015 03:00 PM
May 19 15
Cornerstone OnDemand, Inc. Presents at Stephens Spring Investment Conference 2015, Jun-02-2015 03:00 PM. Venue: New York Palace Hotel, 455 Madison Avenue, New York, New York, United States.
Cornerstone OnDemand Announces the Launch of Cornerstone Edge, A New Cloud Computing Architecture and Platform-As-A-Service
May 12 15
Cornerstone OnDemand announced the launch of Cornerstone Edge, a new cloud computing architecture and Platform-as-a-Service (PaaS) solution that provides clients, partners and third-party developers with new, easy-to-use tools and services for quickly creating and deploying new and existing applications within the Cornerstone suite of applications. Companies require the flexibility to build applications specific to their particular needs. Cornerstone Edge enables clients to extend their investment in Cornerstone and fit their unique necessities by allowing the creation of web and mobile applications that leverage talent management data, drastically lowering the cost and complexity of application development and management. The platform is designed to meet the complex needs of developers and simple demands of power users. Streamlining the app development process, Cornerstone Edge rapidly integrates with Cornerstone’s cloud applications, shifts specific aspects of systems management to Cornerstone, the service provider, and provides tools to build an application.
Cornerstone OnDemand, Inc. Announces Cornerstone Insights for Unlocking Big Data Potential in HR
May 12 15
Cornerstone OnDemand, Inc. unveiled Cornerstone Insights, a suite of predictive analytics dashboards that applies sophisticated data science to workforce data, enabling business leaders to answer burning questions about how to use data to better hire, train, manage and retain top talent. Cornerstone Insights uses machine learning technology to collect and analyze data from every segment of the employee lifecycle for discovering relationships and acting on insights in real time. performing employees, identifying the most effective managers, and better managing compliance and risk within the organization and then take immediate action within the Cornerstone unified talent suite to achieve measurably better business results. With Cornerstone Insights manage the workforce proactively. Automatically visualize talent data with predictive analytics to get in front of issues before they become problems. Analyze trends in historical data and identify what lies ahead for the organization. Also, interact with charts to highlight areas of interest, see risk factors and drill down into areas that require further exploration. Obtain actionable insights down to the individual employee, including immediate risks, opportunities and recommendations. Cornerstone Insights allows clients to simulate the impact of potential changes and create filters to drill down to see areas of impact, recommended actions and the resulting effects. 'Point-and-click' actions from Insights will make the necessary changes within the Cornerstone suite of applications, enabling managers to have better conversations and take actions on employee-related issues and initiatives faster. Think about bigger initiatives that affect hundreds of employees across many groups and locations. Cornerstone Insights has the ability to zoom out and see what levers to pull to improve a whole business unit’s performance or metrics.
Cornerstone OnDemand, Inc. Revises Earnings Guidance for the Full Year of 2015 and Provides Revenue Guidance for the Second Quarter of 2015
May 6 15
Cornerstone OnDemand, Inc. revised earnings guidance for the full year of 2015 and provided revenue guidance for the second quarter of 2015. For the full year of 2015, the company is raising previously communicated GAAP revenue guidance from a range of $336 million to $341 million to a range of $337.5 million to $341.5 million. The midpoint of this revised range represents 29% growth over full year 2014 GAAP revenue of $263.6 million. With respect to full year 2015 non-GAAP net income or loss, the company is maintaining the previously communicated guidance of a loss of approximately $16 million for the full year of 2015. This implies a non-GAAP loss per share of approximately $0.30 per share based on weighted average shares outstanding of 54.2 million shares outstanding. This also implies a net loss margin of approximately 4.7% for the full year 2015, an improvement of approximately 170 basis points over full year 2014. For the full year of 2015, the company is maintaining previously communicated guidance of positive non-GAAP cash flows provided by operating activities of approximately $43 million, which represents a 12.7% margin at the midpoint of the revenue guidance range.
For the second quarter of 2015, the company currently expects GAAP revenue to range from $79.5 million to $80.5 million. The midpoint of this range represents 30% growth over the second quarter of 2014 GAAP revenue of $61.5 million.