Cornerstone OnDemand, Inc. (NASDAQ:CSOD) Files An 8-K Results of Operations and Financial Condition

On August 5, 2019, Cornerstone OnDemand, Inc. (the “Company”) filed a Current Report on Form 8-K with a press release and a letter to its shareholders reporting results for the quarter ended June 30, 2019. The shareholder letter and the tables in the press release remain unchanged. However, the Company is filing an amendment to that Form 8-K solely to correct certain typographical errors that appear in the sixth sub-bullet under the headline “Second Quarter 2019 Results” in the press release.

Specifically, the sub-bullet in the original press release states: “Non-GAAP net income for the second quarter of 2019 was $12.4 million, or a $0.21 diluted net income per share, compared to $7.8 million and $0.12 diluted net loss per share in the same period of the prior year.”

The sub-bullet in the corrected press release states: “Non-GAAP net income for the second quarter of 2019 was $12.4 million, or a $0.19 diluted net income per share, compared to $7.8 million and $0.12 diluted net income per share in the same period of the prior year.”

There were no other changes to the press release. The corrected press release and the original letter to shareholders are furnished herewith as Exhibit 99.1 and Exhibit 99.2, respectively, and are incorporated herein by reference.

The information set forth under this Item 2.02, including Exhibit 99.1 and Exhibit 99.2, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

The attached corrected press release and original letter to shareholders include a discussion of certain non-GAAP financial measures as well as a reconciliation of such non-GAAP financial measures to the corresponding GAAP financial measures.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Cornerstone OnDemand Inc Exhibit
EX-99.1 2 exhibit991earningsrele.htm EXHIBIT 99.1 Exhibit Cornerstone OnDemand Announces Second Quarter 2019 Financial Results SANTA MONICA,…
To view the full exhibit click here

About Cornerstone OnDemand, Inc. (NASDAQ:CSOD)

Cornerstone OnDemand, Inc. (Cornerstone) is a provider of talent management solutions delivered as Software-as-a-Service (SaaS). Cornerstone’s Enterprise and Mid-Market solution is a cloud-based suite that addresses needs throughout the entire employee lifecycle, from recruitment, onboarding, training and collaboration, to performance management, compensation, succession planning and analytics. The platform is composed of several products, focused on recruiting, learning management, performance management and analytics. The platform also helps manage business execution through integrating with an organization’s extended enterprise of clients, vendors and distributors by delivering training, certification programs and other content. The Company also offers Cornerstone for Salesforce and Cornerstone Growth Edition. Cornerstone for Salesforce is a cloud-based learning solution developed on the Salesforce.com platform.