Cornerstone OnDemand (CSOD) Misses Q1 EPS by 1c

Cornerstone OnDemand (NASDAQ: CSOD) reported Q1 EPS of $0.23, $0.01 worse than the analyst estimate of $0.24. Revenue for the quarter came in at $150.1 million versus the consensus estimate of $147.66 million.

"Our combination with Saba is a significant milestone for Cornerstone and, more importantly, for our expanded community of clients around the world. With our shared passion for people development and our combined depth of expertise, we expect to accelerate product innovation and help tens of millions of people develop new skills to navigate the future,” said Adam Miller, founder and Chief Executive Officer of Cornerstone. "Although we are definitely not immune to the impact of COVID-19, we believe that our combined scale with approximately 7,000 customers and over 75 million users, along with the significant cash flow generation capabilities that our synergistic model provides, will enable us to drive meaningful shareholder value over time."

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

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