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concur technologies inc (CNQR) Key Developments

Concur Technologies, Inc. Presents at 2014 Needham Interconnect Conference, Aug-06-2014 09:00 AM

Concur Technologies, Inc. Presents at 2014 Needham Interconnect Conference, Aug-06-2014 09:00 AM. Venue: The Westin Grand Central Hotel, New York, New York, United States.

Concur Technologies, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 30, 2014; Provides Earnings Guidance for the Fourth Quarter and Full Year of 2014

Concur Technologies, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended June 30, 2014. For the quarter, the company reported revenue was $178,365,000 compared to $138,710,000 for the same period a year ago. Operating loss was $4,428,000 compared to operating income of $13,800,000 for the same period a year ago. Loss before income tax was $1,889,000 compared to income before income tax of $6,821,000 for the same period a year ago. Consolidated net loss was $226,000 compared to consolidated net income of $2,584,000 for the same period a year ago. Net loss attributable to the company was $32,000 compared to net income attributable to the company of $2,815,000 or $0.05 per basic and diluted share for the same period a year ago. Net cash provided by operating activities was $25,471,000 compared to $28,014,000 for the same period a year ago. Capital expenditures were $12,641,000 compared to $19,558,000 for the same period a year ago. Non-GAAP revenue was $177,008,000 compared to $138,710,000 for the same period a year ago. Non-GAAP operating income was $17,491,000 compared to $24,470,000 for the same period a year ago. Non-GAAP pretax income attributable to the company was $14,600 or $0.25 per share compared to $22,396,000 or $0.39 per share for the same period a year ago. For the nine months, the company reported revenue was $510,965,000 compared to $388,878,000 for the same period a year ago. Operating loss was $36,907,000 compared to operating income of $2,875,000 for the same period a year ago. Loss before income tax was $57,857,000 compared to $15,085,000 for the same period a year ago. Consolidated net loss was $80,804,000 compared to $17,587,000 for the same period a year ago. Net loss attributable to the company was $80,233,000 or $1.42 per basic and diluted share compared to net income attributable to the company of $16,862,000 or $0.30 per basic and diluted share for the same period a year ago. Net cash provided by operating activities was $60,358,000 compared to $51,762,000 for the same period a year ago. Capital expenditures were $39,420,000 compared to $40,547,000 for the same period a year ago. Non-GAAP revenue was $504,313,000 compared to $388,878,000 for the same period a year ago. Non-GAAP operating income was $44,782,000 compared to $59,177,000 for the same period a year ago. Non-GAAP pretax income attributable to the company was $36,039,000 or $0.61 per share compared to $53,233,000 or $0.93 per share for the same period a year ago. The company also provided earnings guidance for the fourth quarter and full year of 2014. For the quarter, the company expected non-GAAP revenue to grow approximately 21% year-over-year from the fourth quarter of fiscal 2013. Non-GAAP pretax income per share expected to be $0.32. Non-GAAP revenue and pretax income exclude the effects of businesses the company has divested or intends to divest and non-cash related items such as stock-based compensation expenses, amortization of intangible assets, and the accretion of the discount on convertible senior notes. It also excludes the non-cash accounting implications and cash fees and expenses of acquisitions and other related strategic activity in which the company may deploy capital. For the full year, the company expected non-GAAP revenue to grow approximately 27% year-over-year from fiscal 2013. Non-GAAP pretax income per share expected to be at least $0.93. Non-GAAP operating margin expected to be approximately 10%. Cash flows from operations expected to be at least $85 million excluding excess tax benefits from share based compensation, acquisition and other related costs, and non controlling interest. Capital expenditures expected to be approximately 8% of fiscal 2014 revenue.

Citi to Offer Suite of Global, Enhanced Travel Reports from Concur's TravelTrax Platform

Citi to offer a suite of global, enhanced travel reports from Concur's TravelTrax platform through a recent agreement with Concur. With this new arrangement, the two companies will offer mutual clients a set of consolidated, global reports delivered by Concur that comprise the client's Citi, Concur, and Travel Agency data. Subscribed clients will be able to access card issuer, expense management provider, and travel management agency data, where clients can authorize Concur to receive the data, consolidated into a set of easy-to-read dashboards and drill-down enabled reports. By combining the global data from these core travel program vendors into one series of reports, organizations will gain a more holistic view into their overall travel program activities for improved analysis of their travel program's purchase behavior, spend patterns, and overall performance.

Concur Mobile App Available on Amazon Appstore for Fire Phone Users

Concur announced its availability on the Amazon Appstore, accessible to all Amazon Fire Phone users. Fire Phone enables Concur users to seamlessly access their workspace and resources even when on the go. Key features of the Concur app on the Amazon Fire Phone include: dynamic perspective: one-handed short cuts provide quick access to useful menus and information to increase efficiency and productivity during demanding business travel. The new visual design creates a more appealing and dynamic look to the Concur App. New Enhanced Home Carousel: The Concur app provides relevant information to customers directly from the Fire Phone's enhanced home screen. A user can click on the link and go directly to a special feature of the Concur App saving users several clicks and granting quick access. Timely and convenient, users have the ability to quickly take action without even opening the app during travel. Android apps & tools: the concur App features work exactly the same way they do on other Android devices, enabling an easy transition for the mobile user. The Concur app is now available on the Amazon Appstore.

Concur Technologies, Inc., Q3 2014 Earnings Call, Aug 04, 2014

Concur Technologies, Inc., Q3 2014 Earnings Call, Aug 04, 2014

 

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