Cornerstone OnDemand Posts 52 Percent Q1 Revenue Rise

May 15, 2012 – Talent management software provider Cornerstone OnDemand Inc. has posted gross revenue for the first quarter of 2012 of $24.0 million, representing a 52 percent year-over-year increase compared to the same period in 2011. Non-GAAP net loss for the first quarter of 2012 was $4.9 million, or $(0.10) per share, compared to non-GAAP net loss of $3.7 million, or $(0.26) per share, for the same period in 2011. “We are extremely pleased with our first quarter and our continued innovation with the launch of our Recruiting Cloud and Volunteer Management System,” said Adam Miller, president and CEO of Cornerstone. “We continue to acquire marquee accounts and grow existing accounts. As our bookings demonstrate, the momentum of our business has not slowed down.

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