Concur, whose software helps businesses better track travel and entertainment expenses, reported strong earnings today that beat Wall Street analysts estimates. The Bellevue company reported revenue of $169.5 million for the period ended March 31, and earnings per share of 15 cents. Analysts anticipated revenue of $165.6 million, and nine cents per share.
Shares of Concur were up more than four percent in after hours trading. They are down 18 percent in the past year.
“We are experiencing strong traction across all of our key drivers, with continued success in our core products and growing momentum around our open platform initiatives,” said Steve Singh, Chairman and CEO of Concur. “In the second quarter, on a non-GAAP basis, we exceeded expectations for revenue, earnings, cash flow from operations and free cash flow.”
Here’s a closer look at the company’s earnings report.