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Cornerstone OnDemand

EducationTechnologycloudenterprise softwarehuman capital

Cornerstone OnDemand is a leading global provider of a comprehensive learning and talent management solution delivered as Software-as-a-Service (SaaS). The company enables organizations to meet the challenges they face in empowering their people and maximizing the productivity of their human capital. Cornerstone currently empowers over 16.6 million users across 191 countries and in 42 languages.

Our integrated cloud-based software offering consists of Cornerstone Onboarding, Cornerstone Recruiting, Cornerstone Performance, Cornerstone Learning, Cornerstone Connect, Cornerstone Succession, Cornerstone Compensation and Cornerstone Extended Enterprise. Our clients use our solution to develop employees throughout their careers, engage all employees effectively, improve business execution, cultivate future leaders, and integrate with their external networks of customers, vendors and distributors.

Company Growth (employees)
Type
Public
HQ
Santa Monica, US
Founded
1999
Size (employees)
1,887 (est)+15%
Website
cornerstoneondemand.com
Cornerstone OnDemand was founded in 1999 and is headquartered in Santa Monica, US

Key People at Cornerstone OnDemand

Adam Miller

Adam Miller

Founder & CEO
Mark Goldin

Mark Goldin

CTO
Kirsten Maas Helvey

Kirsten Maas Helvey

COO
Dave Carter

Dave Carter

SVP Sales
Vince Belliveau

Vince Belliveau

EVP & General Manager of Europe Middle East & Africa
Jason Corsello

Jason Corsello

VP of Corporate Strategy & Marketing

Cornerstone OnDemand Office Locations

Cornerstone OnDemand has offices in Santa Monica, San Francisco, Greater London, Paris and in 23 other locations
Santa Monica, US (HQ)
600 1601 Cloverfield Blvd
Puerto Madero, AR
360 Victoria Ocampo
Las Condes, CL
200 Alcántara
Pinheiros, BR
8501 Av. Das Nações Unidas
Huangpu Qu, CN
168 Xi Zang Zhong Lu
Hong Kong, HK
One International Finance Centre 1 Harbour View St
Show all (27)

Cornerstone OnDemand Data and Metrics

Cornerstone OnDemand Financial Metrics

Cornerstone OnDemand's revenue was reported to be $111.6 m in Q1, 2017
USD

Revenue (Q1, 2017)

111.6 m

Gross profit (Q1, 2017)

77.6 m

Gross profit margin (Q1, 2017), %

70%

Net income (Q1, 2017)

(16.2 m)

EBIT (Q1, 2017)

(13.1 m)

Market capitalization (25-Jul-2017)

2.3 b

Cash (31-Mar-2017)

59.9 m
Cornerstone OnDemand's current market capitalization is $2.3 b.
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

43.7 m73 m117.9 m185.1 m263.6 m339.7 m423.1 m

Revenue growth, %

67%61%57%42%29%25%

Cost of goods sold

53.5 m77.7 m109.9 m135.8 m

Gross profit

131.6 m185.9 m229.8 m287.4 m

Gross profit Margin, %

71%71%68%68%

Sales and marketing expense

225.6 m

R&D expense

47 m

General and administrative expense

71 m

Operating expense total

165.6 m235.8 m298.5 m343.7 m

EBIT

(34 m)(49.9 m)(68.7 m)(56.3 m)

EBIT margin, %

(18%)(19%)(20%)(13%)

Interest expense

1.1 m902 k442 k6.6 m12.2 m12.5 m(12.9 m)

Interest income

357 k720 k894 k1.7 m

Income tax expense

137 k181 k(789 k)(128 k)855 k1.2 m(1.2 m)

Net Income

(40.4 m)(64.9 m)(85.5 m)(66.8 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

61.5 m68.3 m74 m82.6 m87.3 m99.3 m107 m107.8 m111.6 m

Cost of goods sold

17.4 m19.4 m24.7 m27.9 m27.2 m31.7 m36 m33.4 m33.9 m

Gross profit

44.1 m48.9 m49.3 m54.7 m60 m67.7 m71.1 m74.4 m77.6 m

Gross profit Margin, %

72%72%67%66%69%68%66%69%70%

Sales and marketing expense

39.6 m41.5 m46 m51.4 m53.3 m56.7 m57.8 m53.7 m56.9 m

R&D expense

6.9 m7.6 m9.8 m10 m10.5 m11 m11.8 m12.1 m13.4 m

General and administrative expense

10.5 m9.6 m11.1 m12.3 m13.2 m16.5 m16.5 m18.6 m20.5 m

Operating expense total

57 m58.6 m66.8 m73.7 m76.9 m84.2 m86.2 m84.4 m90.8 m

EBIT

(13.1 m)(9.9 m)(17.7 m)(19.2 m)(17 m)(16.7 m)(15.1 m)(10 m)(13.1 m)

EBIT margin, %

(21%)(15%)(24%)(23%)(20%)(17%)(14%)(9%)(12%)

Interest expense

(3 m)(3 m)(3.1 m)(3.1 m)(3.1 m)(3.2 m)(3.2 m)(3.2 m)(3.3 m)

Interest income

190 k174 k170 k202 k218 k346 k385 k451 k613 k

Income tax expense

(200 k)(178 k)(278 k)(380 k)(132 k)(535 k)(141 k)(218 k)(571 k)

Net Income

(32.4 m)(46.7 m)(23.3 m)(46.5 m)(66.7 m)(18.2 m)(17.6 m)(12.4 m)(16.2 m)
USDY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

8.1 m7.1 m85.4 m76.4 m109.6 m166.6 m107.7 m83.3 m

Accounts Receivable

67.2 m84.5 m104.7 m136.7 m

Inventories

14.1 m13 m15.3 m18.5 m

Current Assets

407.5 m406.4 m400.4 m493.5 m

PP&E

14.4 m21.4 m27 m24 m

Goodwill

8.2 m25.9 m25.9 m25.9 m

Total Assets

451.4 m505.7 m561.5 m623.6 m

Accounts Payable

10 m16.7 m19 m24.4 m

Current Liabilities

173.3 m230.5 m303.4 m346.3 m

Total Liabilities

596.7 m

Additional Paid-in Capital

289.3 m336.7 m394.1 m476.2 m

Retained Earnings

(236.5 m)(301.4 m)(386.9 m)(453.7 m)

Total Equity

7.8 m27 m

Financial Leverage

71.8 x23.1 x
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

79.4 m57.9 m94.5 m112.6 m65.3 m59.9 m

Accounts Receivable

80.6 m93.3 m88.5 m103.3 m99.6 m98.9 m

Current Assets

349.4 m352.9 m414.2 m420.8 m388.5 m450.4 m

PP&E

29.8 m28.8 m26.8 m25.5 m24.8 m22.1 m

Goodwill

25.9 m25.9 m25.9 m25.9 m25.9 m25.9 m

Total Assets

483.4 m497.1 m525.5 m542.5 m551.8 m577.8 m

Accounts Payable

15.9 m13.6 m12.8 m16.5 m14 m9.5 m

Current Liabilities

227 m239 m273.5 m282.6 m281.6 m298.3 m

Additional Paid-in Capital

360 m377.6 m410.9 m434.4 m454.4 m495.3 m

Retained Earnings

(347.9 m)(368 m)(405.1 m)(422.7 m)(435.1 m)(469.9 m)

Total Equity

12.1 m10.1 m7.3 m14.4 m22.8 m29.6 m

Financial Leverage

39.8 x49.2 x72.1 x37.6 x24.2 x19.6 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(40.4 m)(64.9 m)(85.5 m)(66.8 m)

Depreciation and Amortization

9.7 m15.1 m27.5 m32.4 m

Accounts Receivable

(19 m)(19 m)(22 m)(38.1 m)

Accounts Payable

5.1 m4.6 m4.4 m5.9 m

Cash From Operating Activities

17.4 m33 m43.8 m35.3 m

Purchases of PP&E

(8.8 m)(11 m)(15.6 m)

Capital Expenditures

(6.2 m)

Cash From Investing Activities

(213.4 m)15 m(110.9 m)(81.6 m)

Long-term Borrowings

(4 m)(559 k)(352 k)

Cash From Financing Activities

228.9 m10.8 m11 m23.5 m

Interest Paid

2.3 m3.9 m1.9 m3.8 m

Income Taxes Paid

485 k546 k1.5 m2.3 m

Free Cash Flow

29 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

(32.4 m)(46.7 m)(23.3 m)(46.5 m)(66.7 m)(18.2 m)(17.6 m)(12.4 m)(16.2 m)

Depreciation and Amortization

6.3 m9.8 m6.2 m12.9 m19.9 m7.6 m

Accounts Receivable

(1.3 m)(20.9 m)21.4 m3.5 m(9.5 m)15.4 m103.3 m99.6 m98.9 m

Accounts Payable

2.6 m2 m(2.4 m)(1.7 m)(1 m)(6.3 m)16.5 m14 m9.5 m

Cash From Operating Activities

(7.3 m)(11.4 m)(2.7 m)(15.3 m)(9.3 m)(14.9 m)

Purchases of PP&E

(7.3 m)(10.5 m)(5.1 m)(8.5 m)(15 m)(1.5 m)

Cash From Investing Activities

(12.4 m)(1.9 m)(75.5 m)(73.4 m)(105.8 m)(2.5 m)

Long-term Borrowings

(281 k)(425 k)(124 k)(216 k)(295 k)

Cash From Financing Activities

6.5 m8.6 m1.2 m3.3 m8.7 m4.1 m

Interest Paid

54 k2 m8 k14 k1.9 m1.9 m

Income Taxes Paid

355 k503 k133 k644 k1.2 m720 k
USDY, 2017

Revenue/Employee

59.1 k

Financial Leverage

19.6 x

Cornerstone OnDemand Operating Metrics

Cornerstone OnDemand's Users was reported to be 31 m in Q1, 2017. Cornerstone OnDemand's Customers was reported to be 3 k in Q1, 2017
Q1, 2014Q2, 2014Q3, 2014Q4, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015Q4, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016FY, 2016Q1, 2017

Bookings

$49.7 m$70.1 m$82.1 m$114.2 m$316.1 m$63.5 m$91.3 m$103.7 m$142 m$400.5 m$83.7 m

Customers

1.7 k1.8 k1.9 k2.1 k2.2 k2.3 k2.4 k2.6 k2.67 k2.73 k2.81 k2.92 k2.92 k3 k

Users

14.5 m15.5 m16.6 m18.1 m19.1 m20.5 m22.2 m23.8 m25 m26.3 m29.9 m29.9 m31 m

Countries

191191191191191191191191191191191191191191

Billings

$106.3 m$107.8 m$156.3 m$453.3 m$89.7 m

Cornerstone OnDemand Market Value History

Cornerstone OnDemand Revenue Breakdown

Cornerstone OnDemand Job Categories

Cornerstone OnDemand Median Salaries

Source: 156 public H-1B filings from Cornerstone OnDemand

Market Position of Cornerstone OnDemand

Competitors

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Cornerstone OnDemand Online and Social Media Presence

Cornerstone OnDemand News and Updates

Cornerstone OnDemand Company Life and Culture

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