Shares of software outfit Cornerstone OnDemand (NASDAQ: CSOD) are higher by 13.4% as of midday Friday following the release of its second-quarter results and the announcement that the company is set to be acquired.
The numbers were good. Cornerstone OnDemand turned $214.3 million worth of revenue into a per-share profit of $0.73, both well up year over year and, perhaps more important, topping analyst estimates for sales of $209.5 million and operating earnings of $0.52 per share. The results extend years of uninterrupted top-line growth for the software-as-a-service outfit, and bottom-line growth as well.
Image source: Getty Images.
For further details see:
Why Cornerstone OnDemand Is Up 13% Today