Cornerstone OnDemand crushes Q4 expectations
Summary
Cornerstone OnDemand published its fourth quarter financial results on Tuesday, handily topping the markets expectations. The talent management software provider posted a net income of $1.6 million, or two cents per share. Wall Street was expecting earnings of 27 cents per share on a revenue of $196 million. "Our financial results represent a strong finish to 2020, and I am proud of our accomplishments as a team," said Cornerstone CFO Chirag Shah. "After a year in which we completed a major acquisition, navigated a pandemic, transitioned leadership, and initiated significant internal transformation, we believe our fourth quarter performance is indicative of the strength of this companys opportunity, and we are confident that the steps taken over the past year will position us for sustained long-term success."