Cornerstone OnDemand (CSOD) Misses Q4 EPS by 2c

Cornerstone OnDemand (NASDAQ: CSOD) reported Q4 EPS of $0.19, $0.02 worse than the analyst estimate of $0.21. Revenue for the quarter came in at $132 million versus the consensus estimate of $133.26 million.

Financial Outlook:

The following outlook is based on information available as of the date of this press release and is subject to change in the future. For the first quarter ending March 31, 2018, the Company provides the following outlook:

• Revenue based on the adoption of ASC 606 between $126.0 million and $128.0 million, representing year-over-year growth at the mid-point of 14%3, or 10%4 on a constant currency basis.
  • Revenue unadjusted for ASC 606 (on an ASC 605 basis) between $126.0 million and $128.0 million, representing year-over-year growth at the mid-point of 14%3, or 10%4 on a constant currency basis.
• Subscription revenue based on the adoption of ASC 606 between $111.0 million and $113.0 million, representing year-over-year growth at the mid-point of 21%3, or 17%4 on a constant currency basis.
  • Subscription revenue unadjusted for ASC 606 (on an ASC 605 basis) between $111.0 million and $113.0 million, representing year-over-year growth at the mid-point of 21%3, or 17%4 on a constant currency basis.

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

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• SanDisk upgraded at JPMorgan after investor day; shares climb
• Hydrofarm Holdings Group, Inc. (HYFM) Misses Q2 EPS by 134c