Concur Reports Earnings for Third Quarter

Concur

today reported financial results for its third fiscal quarter ended June 30, 2010. Concur reported total revenue for the third quarter of fiscal 2010 of $75.0 million. Total revenue for the quarter was up 20% from the year-ago quarter and up 3% from the prior quarter. Fiscal 2010 third quarter net income was $3.7 million, or $0.07 per share, exceeding company expectations. This compares to net income of $7.2 million, or $0.14 per share, in the year-ago quarter.