Comparing the current results to its competitors, Cornerstone Ondemand Inc reported Revenue increase in the 2 quarter 2021 by 16.26 % year on year. The sales growth was above Cornerstone Ondemand Inc 's competitors' average revenue growth of 12.73 %, achieved in the same quarter.
Cornerstone Ondemand Inc , despite income growth by most of its competitors recorded a net loss, despite income increase by most of its competitors of 39.81 %
Cornerstone Ondemand Inc 's Comment on Competition and Industry Peers
The market for human capital management software is highly competitive, rapidly
evolving and fragmented. This market is subject to changing technology, shifting
client needs and frequent introductions of new products and services.
Most of our sales efforts are competitive, often involving requests for proposals.
We compete primarily on the basis of providing a comprehensive, fully unified
platform for human capital management as opposed to specific service offerings.
In the applicant tracking systems segment, which the recruiting and onboarding
product offerings each serve, our principal competitors include companies such
as Oracle Corporation, International Business Machines Corporation and Lumesse.
In the learning management systems segment, which the learning and extended
enterprise product offerings each serve, our principal competitors include companies
such as Oracle Corporation, Saba Software, Inc., SAP America, Inc. and SkillSoft
Corp. In the performance management systems segment, which the performance,
succession and compensation product offerings each serve, our principal competitors
include companies such as Saba Software, Inc., Talentsoft, Oracle Corporation,
Peoplefluent, Inc. and SAP America, Inc. These vendors are, like us, largely
SaaS providers. We compete in these segments primarily on the basis of:
the level of integration of our product offerings within our human capital management
platform;
the breath and depth of our product functionality;
the flexibility and configurability of our product offerings to meet the changing
content and workflow requirements of our clients’ business units;
the quality of our service and focus on client success;
our ability to provide scalability and flexibility for large and complex global
deployments; and
the ease of use of our product offerings and overall user experience.
In addition, we occasionally compete with custom-built software that is designed
to support the needs of a single organization, as well as with third-party talent
and human resource application providers that focus on specific aspects of human
capital management.
Overall company sales advanced by 16.26 % Cornerstone Ondemand Inc outperformed its competitors in this segment and improved market share, to approx. 0.18 %. << More on CSOD Market Share.
*Market share is calculated based on total revenue.
is a global software and services company that enables industrial companies to improve growth with a portfolio of innovative digital solutions that work together to transform how physical products are engineered, manufactured, and serviced
Progress Software Corp's business model revolves around providing software solutions and services that help businesses leverage data and applications to drive digital transformation. They offer a wide range of products, including application development, data integration, and analytics tools, enabling organizations to build and deploy scalable and intelligent business applications. Progress Software generates revenue through software licensing, subscriptions, and professional services.
Paylocity Holding Corporation operates as a cloud-based payroll and human capital management software company. They provide a comprehensive suite of solutions to streamline and automate payroll processing, HR administration, and talent management for businesses of all sizes. Their business model focuses on offering subscription-based software services and related support to clients, ensuring efficient and accurate management of their workforce processes.
Sources:
Cornerstone Ondemand Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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