Company continues to focus investments on strategic priorities including mobile innovation, increased presence in the SMB segment and geographic expansion

REDMOND, Wash., July 28 -- Concur (Nasdaq: CNQR), the world's leading provider of on-demand Employee Spend Management services, 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.