Seeking Alpha

Cornerstone OnDemand (CSOD +10.6%) is rallying strongly post-earnings for the third time in a...

Cornerstone OnDemand (CSOD +10.6%) is rallying strongly post-earnings for the third time in a row. Though results were mixed, bookings rose 78% Y/Y to $42.7M, easily surpassing revenue growth of 54%, and the company's deferred revenue balance rose 20% Q/Q to $72.6M. 124 clients were added, raising the total to 1,100+. Cornerstone now expects 2012 revenue of $117M-$118M and EPS of -$0.31 to -$0.35 vs. a consensus of $116.9M and -$0.28. (transcript)

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