Cornerstone OnDemand (CSOD) Misses Q2 EPS by 3c

Cornerstone OnDemand (NASDAQ: CSOD) reported Q2 EPS of ($0.11), $0.03 worse than the analyst estimate of ($0.08). Revenue for the quarter came in at $61.5 million versus the consensus estimate of $63.57 million.

"We have invested significantly in recent years to ensure that our business is positioned for success across verticals, segments, and geographies, and we saw several of these investments begin to pay dividends for us in the second quarter,” said Adam Miller, the company’s President and CEO. “In addition to our core businesses, we saw strong performances from our Strategic Accounts, Asia-Pacific and Major Accounts teams. And with the sizeable, untapped market opportunity that remains, it feels like we are just getting started.”

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

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