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Cornerstone OnDemand's CEO Discusses Q2 2012 Results - Earnings Call Transcript

Stocks in this article: CSOD

During the call, we will be referring to both GAAP and non-GAAP financial measures. The reconciliation of our GAAP to non-GAAP information is provided in the press release and on our website. All of those financial measures that we will discuss today are non-GAAP unless we state that the measure is a GAAP number. Any non-GAAP outlook we provide has not yet been reconciled with the comparable GAAP outlook because, among other things, we cannot reliably estimate our future stock-based compensation expenses, which are dependent on our future stock price.

Our discussion will include forward-looking statements such as statements regarding our business strategy, demand for our products, certain projected financial results and operating metrics, product development, customer satisfaction and retention, customer attrition rate, market or business growth, our revenue run rate, investment activity in our business, visibility into our business model and results, the effect of capitalized development costs, spending on R&D, professional services and other aspects of our business, our appraisal of our competitors and their products, and our ability to compete effectively.

Words such as expect, believe, anticipate, plan, illustrate, intent, estimate, and other similar words are also intended to identify such forward-looking statements. Forward-looking statements involve risks, uncertainties, and assumptions. If any of the risks or uncertainties materializes or any of the assumptions prove incorrect, actual results could differ materially from those expressed or implied by the forward-looking statements we make.

These risks, uncertainties, assumptions, as well as other information on potential factors that could affect our financial results, are included in today’s press release, the risk factors section of our most recent Form 10-K, and subsequent periodic filings included in our most recent Form 10-Q with the SEC.

With that, I’ll turn the call over to Adam.

Adam Miller

Thanks, Perry, and thank you to everyone for participating in Cornerstone OnDemand’s second quarter earnings call. In a quarter in which many enterprise software companies stumbled, Cornerstone had one of its best quarters ever. Our business continued to performance exceptionally well in Q2 and I’m excited to share some of the highlights of the quarter with all of you today.

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