Cornerstone OnDemand

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%
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
Bengaluru, IN
Vakil Square 56/3 BG Road
Auckland, NZ
23 Union St
Sydney, AU
13 167 Macquarie St
Randburg, ZA
Judges Ave
Carouge, CH
4 Avenue Industrielle
Espoo, FI
1 Keilaranta
Östermalm, SE
1 Östermalmstorg
Sentrum, NO
2 Filipstad Brygge
København, DK
3 Larsbjørnsstræde
Amsterdam, NL
282 Herengracht
Milano, IT
38 Via Copernico
Düsseldorf, DE
3 Peter-Müller-Straße
München, DE
35D Maximilianstraße
Paris, FR
28 Rue de Londres
Greater London, GB
4 Coleman St
San Francisco, US
1069 795 Folsom St

Cornerstone OnDemand Metrics

Cornerstone OnDemand Financial Metrics

Revenue (2016)

$423.1 m

Revenue growth (2015-16), %

25%

Gross profit

$287.4 m

Gross profit margin (2016), %

68%

Net income (2016)

($66.8 m)

Market capitalization (21-Mar-2017)

$2.3 b

Closing share price (21-Mar-2017)

$39.9

Cash (31-Dec-2016)

$83.3 m
Cornerstone OnDemand's current market capitalization is $2.3 b.
Cornerstone OnDemand's revenue was reported to be $423.1 m in FY, 2016 which is a 24.6% increase from the previous period.
FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

$43.7 m$73 m$117.9 m$185.1 m$263.6 m$339.7 m$423.1 m

Revenue growth, %

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

Cost of goods sold

$53.5 m$77.7 m$109.9 m$135.8 m

Gross profit

$131.6 m$185.9 m$229.8 m$287.4 m

Gross profit Margin, %

71%71%68%68%

Operating expense total

$165.6 m$235.8 m$298.5 m$343.7 m

EBIT

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

EBIT margin, %

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

Interest expense

$1.1 m$902 k$442 k$6.6 m$12.2 m$12.5 m($12.9 m)

Interest income

$357 k$720 k$894 k$1.7 m

Income tax expense

$137 k$181 k($789 k)($128 k)$855 k$1.2 m($1.2 m)

Net Income

($40.4 m)($64.9 m)($85.5 m)($66.8 m)
Y, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

$8.1 m$7.1 m$85.4 m$76.4 m$109.6 m$166.6 m$107.7 m$83.3 m

Accounts Receivable

$67.2 m$84.5 m$104.7 m$136.7 m

Inventories

$14.1 m$13 m$15.3 m$18.5 m

Current Assets

$407.5 m$406.4 m$400.4 m$493.5 m

PP&E

$14.4 m$21.4 m$27 m$24 m

Goodwill

$8.2 m$25.9 m$25.9 m$25.9 m

Total Assets

$451.4 m$505.7 m$561.5 m$623.6 m

Accounts Payable

$10 m$16.7 m$19 m$24.4 m

Current Liabilities

$173.3 m$230.5 m$303.4 m$346.3 m

Additional Paid-in Capital

$289.3 m$336.7 m$394.1 m$476.2 m

Retained Earnings

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

Total Equity

$7.8 m$27 m

Financial Leverage

71.8 x23.1 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

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

Depreciation and Amortization

$9.7 m$15.1 m$27.5 m$32.4 m

Accounts Receivable

($19 m)($19 m)($22 m)($38 m)

Inventories

Accounts Payable

$5.1 m$4.6 m$4.4 m$5.9 m

Cash From Operating Activities

$17.4 m$33 m$43.8 m$35.3 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)

Interest Paid

$2.3 m$3.9 m$1.9 m$3.8 m

Income Taxes Paid

$485 k$546 k$1.5 m$2.3 m

Free Cash Flow

$41.5 m

Cornerstone OnDemand Operating Metrics

Cornerstone OnDemand's Users was reported to be 29.9 m in FY, 2016
FY, 2016

Users

29.9 m

Customers

2.92 k

Countries

191

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

Cornerstone OnDemand Online Presence

Cornerstone OnDemand News

Cornerstone OnDemand Company Life

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