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LONDON, UK / ACCESSWIRE / March 21, 2018 / Active-Investors.com has just released a free earnings report on Cornerstone OnDemand, Inc. (NASDAQ: CSOD) ("Cornerstone"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=CSOD. The Company reported its fourth quarter fiscal 2017 operating and financial results on February 13, 2018. The developer of human resources software provided guidance for the upcoming quarter and fiscal year. Register today and get access to over 1000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Smith Micro Software, Inc. (NASDAQ: SMSI), which also belongs to the Technology sector as the Company Cornerstone OnDemand. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Cornerstone OnDemand most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

For the fourth quarter of the fiscal year 2017, Cornerstone's revenues surged 21% to $132.0 million compared to $109.0 million in Q4 2016. The Company's revenue numbers fell short of analysts' estimates of $132.1 million.

During Q4 2017, Cornerstone's subscription revenues advanced 18.8% to $106.3 million on a y-o-y basis. The Company's billings were $184.9 million in the reported quarter, representing an increase of 18.3% compared to the year ago same period.

For Q4 2017, Cornerstone recorded an operating loss of $5.4 million, yielding an operating loss margin of 4.1%, compared to an operating loss of $14.5 million, yielding an operating loss margin of 13.3%, for Q4 2016. The Company's non-GAAP operating income was $13.0 million, with a non-GAAP operating income margin of 9.9%, in the reported quarter compared to $1.6 million, yielding a non-GAAP operating income margin of 1.5%, in the prior year's same quarter.

Cornerstone's net loss was $9.0 million, or $0.16 loss per diluted share, in Q4 2017 compared to a net loss of $18.6 million, or $0.33 loss per diluted share, in Q4 2016. The Company's non-GAAP net income was $12.1 million, or $0.19 per diluted share, in the reported quarter versus a non-GAAP net income of $0.1 million, or $0.00 per diluted share, in the year ago comparable period. Cornerstone's earnings lagged Wall Street's estimates of $0.20 per share.

For the full year FY17, Cornerstone's revenues rose 13.9% to $482.0 million compared to $423.1 million in FY16. The Company's annual recurring revenues were $439.0 million as of December 31, 2017.

For FY17, Cornerstone reported a net loss of $61.3 million, or $1.07 loss per diluted share, compared to a net loss of $66.8 million, or $1.20 loss per diluted share in FY16. The Company's non-GAAP net income was $25.2 million, or a $0.41 per diluted share, in FY17 compared to a non-GAAP net loss of $6.4 million, or $0.11 loss per diluted share, in FY16.

Cash Matters

During Q4 2017, Cornerstone's free cash flow was $46.4 million, yielding a free cash flow margin of 35.2%, compared to a free cash flow of $27.5 million, yielding a free cash flow margin of 25.2%, in Q4 2016. The Company's unlevered free cash flow was $46.4 million, yielding an unlevered free cash flow margin of 35.2%, in the reported quarter compared to an unlevered free cash flow of $27.5 million, yielding an unlevered free cash flow margin of 25.2%, in the prior year's corresponding quarter.

During Q4 2017, Cornerstone repurchased 0.6 million shares of its common stock at an average cost of $35.55 per share, for a total expenditure of $22.6 million.

Financial Outlook

For the first quarter ending March 31, 2018, Cornerstone is forecasting revenues, based on the adoption of Accounting Standards Codification (ASC) 606, to be between $126.0 million and $128.0 million, representing a y-o-y growth at the mid-point of 14%. The Company is estimating subscription revenues, based on the adoption of ASC 606, to be in the range of $111.0 million and $113.0 million, reflecting a y-o-y growth at the mid-point of 21%.

For the full fiscal year ending December 31, 2018, Cornerstone is projecting revenues, based on the adoption of ASC 606, to be between $497.0 million and $507.0 million, representing a y-o-y growth at the mid-point of 4%. The Company's subscription revenues, based on the adoption of ASC 606, are expected to be in the band of $453.0 million and $463.0 million, representing a y-o-y growth at the mid-point of 15%.

Cornerstone is estimating annual recurring revenues to be between $475.0 million and $495.0 million as of December 31, 2018. The Company is anticipating a non-GAAP operating income, based on the adoption of ASC 606, of approximately $52.0 million and $62.0 million, and an unlevered free cash flow of approximately $50.0 million and $60.0 million. Assuming the mid-point of the revenue range on an ASC 606 basis, this represents an unlevered free cash flow margin of 11%.

Stock Performance Snapshot

March 20, 2018 - At Tuesday's closing bell, Cornerstone OnDemand's stock marginally fell 0.56%, ending the trading session at $42.46.

Volume traded for the day: 525.82 thousand shares.

Stock performance in the last month – up 4.71%; previous three-month period – up 21.07%; past twelve-month period – up 6.34%; and year-to-date – up 20.18%

After yesterday's close, Cornerstone OnDemand's market cap was at $2.50 billion.

The stock is part of the Technology sector, categorized under the Application Software industry.

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