Cornerstone OnDemand Announces Second Quarter 2020 Financial Results

Last updated Dec 28, 2020 0

People development solution provider Cornerstone OnDemand, Inc. (NASDAQ: CSOD) today announced results1 for its second quarter ended June 30, 2020. The Company has provided supplemental financial information located on its Investor Relations website. On April 22, 2020, the Company acquired Saba Software, Inc. (“Saba”); the below discussion includes Saba’s results for the post-acquisition period. Revenue for the second quarter of 2020 was $184.4 million.This represents a 30.0% increase compared to the same period of the prior year. Without giving effect to the acquisition of Saba, revenue would have increased 9.2% (approximately one percentage point higher on a constant currency basis).