Cornerstone OnDemand (CSOD) Misses Q4 EPS by 4c

Cornerstone OnDemand (NASDAQ: CSOD) reported Q4 EPS of ($0.02), $0.04 worse than the analyst estimate of $0.02. Revenue for the quarter came in at $95.9 million versus the consensus estimate of $97.53 million.

Bookings, which the Company defines as revenue plus the change in deferred revenue for the period, were $142.0 million for the fourth quarter of 2015, representing a 24% increase compared to the same period in 2014.1 Bookings for the full year of 2015 were $400.5 million, representing a 27% increase compared to the same period in 2014.1 Deferred revenue at December 31, 2015 was $252.1 million, representing a 32% increase compared to the balance at December 31, 2014.

“Strong sales for the fourth quarter finished out another year of solid execution for Cornerstone,” said Adam Miller, the Company’s President and CEO. “Despite major headwinds from significant foreign exchange movements, we had an outstanding year at the top end of the market, further expanded our global presence, and enhanced our strategic alliances, all while improving win rates and achieving higher client retention. As the number one talent management player in the world with a massive global market opportunity, we are enthusiastic about the path ahead.”

For earnings history and earnings-related data on Cornerstone OnDemand (CSOD) click here.

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