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Off initially after reporting an in-line Q1, Cornerstone OnDemand (CSOD +9.2%) is now shooting...

Off initially after reporting an in-line Q1, Cornerstone OnDemand (CSOD +9.2%) is now shooting higher, no doubt thanks to its earnings call guidance. The cloud HR software firm expects Q2 revenue of $26M-$26.5M and 2012 revenue of $114.5M-$116.5M; the former is in-line, but the latter is above a consensus of $113.6M. In addition, Cornerstone's Q1 bookings grew 67% Y/Y to $24M - that's an acceleration from Q4's 58% growth.

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