Cornerstone OnDemand, Inc. Announces Fourth Quarter and Fiscal Year 2011 ...
20.05.12
, Which the company defines as gross revenue
plus the change in deferred revenue, were $38.4 million for the fourth
quarter of 2011, representing a 58% increase compared to the fourth
quarter of 2010, and $97.6 million for the full fiscal year of 2011, a
60% increase compared to the full year 2010. Deferred revenue at
December 31, 2011 was $55.9 million, which was 65% higher than the
balance at December 31, 2010.
“We had a strong finish to an outstanding first year as a public
company,” said Adam Miller, President and CEO. “It is a testament to our
team’s commitment to client success that we were able to sustain our
high growth, maintain our exceptional rate of client retention, and
continue to improve margins.”
“Now that both of our primary competitors—Taleo and SuccessFactors—are
being acquired by ERP vendors,” Miller continued, “Cornerstone is
well-positioned with the scale, opportunity and momentum to be the
preeminent talent management provider for organizations of all sizes.”
Source: Business Wire (press release)