- #Cornerstone on demand software#
- #Cornerstone on demand free#
ET.Ĭornerstone powers the future-ready workforce, with HR software and solutions designed to unite people, teams, technology and business, and inspire a work environment of growth, agility and success for all. In light of the announced transaction with Clearlake, Cornerstone will not hold its earnings conference call previously scheduled for today, Augat 5 p.m. (“Saba”) the discussion herein includes Saba’s results for the post-acquisition period. (2) On April 22, 2020, Cornerstone acquired Saba Software, Inc. See the discussion in the section titled “Non-GAAP Financial Measures and Other Key Metrics” and the reconciliations at the end of this press release.
#Cornerstone on demand free#
(1) Non-GAAP operating income, non-GAAP operating income margin, non-GAAP net income, non-GAAP diluted net income per share, unlevered free cash flow, and unlevered free cash flow margin are non-GAAP financial measures. Selection of this year’s list was based on breadth and quality of courses and content quality of features and capabilities industry visibility, innovation, and impact strength of clients and geographic reach and company size and growth potential.
Cornerstone was selected as one of the 2021 Top 20 Online Learning Library Companies by Training Industry. Cornerstone hosted the Learning Content Summit: Reunite, Rebuild, Recharge, a free, virtual opportunity for organizations and their people to get valuable, timely insights and information to help drive much-needed skill development and agility at work. IDC MarketScape named Cornerstone as a leader in its Worldwide Integrated Talent Management Vendor Assessment reports for learning management, talent management, performance management, and compensation management. Unlevered free cash flow for the second quarter of 2021 includes approximately $4.2 million of restructuring and acquisition-related cash outflows. Unlevered free cash flow for the second quarter of 2021 was $44.3 million, yielding a margin of 20.7%, compared to unlevered free cash flow of $15.4 million and a margin of 8.4% in the same period of the prior year. Net cash provided by operating activities for the second quarter of 2021 was $45.3 million, yielding a margin of 21.1%, compared to net cash provided by operating activities of $22.8 million and a margin of 12.4% in the same period of the prior year. Non-GAAP net income for the second quarter of 2021 was $51.9 million, or $0.73 non-GAAP diluted net income per share, compared to non-GAAP net income of $27.2 million, or $0.40 non-GAAP diluted net income per share, in the same period of the prior year. Net loss for the second quarter of 2021 was $(0.4) million, or $(0.01) diluted net loss per share, compared to net loss of $(12.0) million, or $(0.19) diluted net loss per share, in the same period of the prior year. Non-GAAP operating income for the second quarter of 2021 was $68.6 million, yielding a non-GAAP operating margin of 32.0%, compared to non-GAAP operating income of $39.9 million and a non-GAAP operating margin of 21.6% in the same period of the prior year. Income (loss) from operations for the second quarter of 2021 was $20.9 million, yielding a margin of 9.8%, compared to income (loss) from operations of $(22.4) million and a margin of (12.1)% in the same period of the prior year. This represents a 16.7% increase compared to the same period of the prior year. Subscription revenue for the second quarter of 2021 was $206.8 million. This represents a 16.3% increase compared to the same period of the prior year. 
Revenue for the second quarter of 2021 was $214.3 million.The transaction has an enterprise value of approximately $5.2 billion. Under the terms of the agreement, Clearlake will acquire the outstanding shares of Cornerstone common stock for $57.50 per share in cash. (together with certain of its affiliates, “Clearlake”). Additionally, in a separate release, Cornerstone announced it has entered into a definitive agreement to be acquired by Clearlake Capital Group, L.P. (NASDAQ: CSOD) today announced results(1) for its second quarter ended June 30, 2021. Cornerstone OnDemand Announces Second Quarter 2021 Financial Results
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