Attendees of the Learning Content Summit will get access to industry experts and leave with practical tips and guidance to increase skill development and agility at work Cornerstone OnDemand, Inc. (NASDAQ: CSOD), a global leader in people development solutions, today announced an effort to give back to the community by hosting the Learning Content Summit: Reunite, Rebuild, Recharge , a free, virtual opportunity for organizations and their people to get valuable, timely insights and information that will help drive much-needed skill development and agility at work. The event will be held on May 12 from 9 a.m. to 1:30 p.m. PDT and will focus on the pivotal role learning content plays in preparing people, and their organizations, for any future and through new-skilling efforts. Recent Cornerstone Data Insights reveal a significant spike in workplace learning - a lynchpin to building skills that help people adapt and organizations thrive in unpredictable environments. By delivering access...

Cornerstone OnDemand, Inc. (NASDAQ: CSOD), a global leader in people development solutions, today announced it has successfully completed a repricing of its senior secured term loan facility (the “Term Loan B”). Prior to the repricing, the Term Loan B had an outstanding value of $850 million (the original principal value was $1,005 million) and was repriced to bear interest at LIBOR plus 3.25% with a LIBOR floor of 0%, which represents a 100 basis point reduction compared to the prior interest rate of LIBOR plus 4.25% with a LIBOR floor of 0%. All other material terms of the Term Loan B remain unchanged, including the maturity date of April 22, 2027. After the repricing, the outstanding value of the loan is $830 million. “We are pleased with the results of this repricing transaction, which we believe to be a reflection of our strong operational performance in 2020 and continued progress towards reducing leverage and enhancing the company’s liquidity position,” said Chirag Shah, Chief...

Cornerstone OnDemand, Inc. (NASDAQ: CSOD), a global leader in people development solutions, announced today that the company’s financial results for the first quarter of 2021 will be released after market close on Thursday, May 6, 2021. Cornerstone will host a conference call to discuss the results at 2 p.m. PT (5 p.m. ET) on the same day. Dial-in information for the call and a live webcast will be available on the events page of Cornerstone’s investor relations website. An audio replay will be available for three days following the conclusion of the call (between 8 p.m. PT on May 6 and 11:59 p.m. PT on May 9). The replay will also be available as a webcast on Cornerstone’s investor relations website . About Cornerstone Cornerstone is a premier people development company. We believe people can achieve anything when they have the right development and growth opportunities. We offer organizations the technology, content, expertise and specialized focus to help them realize the potential...

People development solutions provider Cornerstone OnDemand, Inc. (NASDAQ: CSOD) today announced results 1 for its fourth quarter and fiscal year ended December 31, 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 discussion below includes Saba’s results for the post-acquisition period. Fourth Quarter 2020 Results: Revenue for the fourth quarter of 2020 was $206.9 million. This represents a 38.3% increase compared to the same period of the prior year. Without giving effect to the acquisition of Saba, revenue would have increased 4.7%. Subscription revenue for the fourth quarter of 2020 was $197.9 million. This represents a 39.6% increase compared to the same period of the prior year. Without giving effect to the acquisition of Saba, subscription revenue would have increased 7.3%. (Loss) income from operations for the fourth quarter of 2020 was $(4.8)...