Redmond, Wash., May 13, 2010 – Concur (NASDAQ: CNQR), the world’s leading provider of on-demand Employee Spend Management services, today announced that executive vice president, corporate development John Torrey will deliver a presentation on behalf of the company at the Robert W. Baird & Co. 2010 Growth Stock Conference, on Thursday, May 20 at 8:20 a.m. CT at the Four Seasons Chicago in Chicago, IL.
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Concur to Present at the JP Morgan 38th Annual Global Technology, Media and Telecom Conference
Redmond, Wash., May 12, 2010 – Concur (NASDAQ: CNQR), the world’s leading provider of on-demand Employee Spend Management services, today announced that executive vice president, corporate development John Torrey will deliver a presentation on behalf of the company at the JP Morgan 38th Annual Global Technology, Media and Telecom Conference, on Wednesday, May 19 at noon ET at the Westin Boston Waterfront Hotel in Boston, MA.
Concur to Present at the DA Davidson 12th Annual Financial Services Conference
Redmond, Wash., May 7, 2010 – Concur (NASDAQ: CNQR), the world’s leading provider of on-demand Employee Spend Management services, today announced chief financial officer John Adair will meet with investors on behalf of the company at the DA Davidson 12th Annual Financial Services Conference in Seattle, on Wednesday, May 12 at the Bell Harbor Conference Center in Seattle, WA.
Concur Exceeds Revenue and Earnings Expectations in Second Quarter of Fiscal 2010
Company continues to invest and execute against strategic priorities; launch of Concur Breeze addresses increasing demand from small and mid-sized businesses
REDMOND, Wash., May. 3, 2010 -- Concur (Nasdaq: CNQR), the world's leading provider of on-demand Employee Spend Management services, today reported financial results for its second fiscal quarter ended March 31, 2010.
Concur reported total revenue for the second quarter of fiscal 2010 of $72.8 million. Total revenue for the quarter was up 17% from the year-ago quarter and up 8% from the prior quarter. Fiscal 2010 second quarter net income was $6.8 million, or $0.13 per share, exceeding company expectations. This compares to net income of $6.7 million, or $0.13 per share, in the year-ago quarter.
"We executed exceptionally well across the business in the second quarter of fiscal 2010, resulting in revenue, earnings and cash flow coming in well ahead of our expectations," said Steve Singh, chairman and CEO of Concur. "The year-over-year growth rate for the second quarter of fiscal 2010 was significantly ahead of our expectations and perhaps just as importantly, our growth comes on top of solid year-over-year growth in the same quarter last year.”
Concur Appoints New Chief Financial Officer
REDMOND, Wash., May 3, 2010 -- Concur (Nasdaq: CNQR), the world's leading provider of on-demand Employee Spend Management services, today announced the appointment of Frank Pelzer as Chief Financial Officer, effective as of May 17, 2010. Mr. Pelzer comes to the company with a wealth of finance and senior strategic advisory experience related both to Concur and the broader technology market.
Mr. Pelzer spent the last six years with Deutsche Bank, serving since 2007 as a Director in the firm's Software Investment Banking group. Prior to that, Mr. Pelzer was a Vice President with Credit Suisse First Boston and a management consultant with Kurt Salmon Associates. An Edward Tuck Scholar with Distinction, Mr. Pelzer earned an MBA from Dartmouth’s Tuck School of Business.
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