Bellevue-based travel expense company Concur beat expectations with GAAP revenue of $178 million in its quarterly earnings report today, an increase of 29 percent from the year-ago quarter.
Concur also broke even last quarter, posting an earnings per share of $0.00, compared to an EPS of $0.05 per share at this time last year. Wall Street expected earnings of $0.16 per share.
It’s been a busy past couple of months for the 21-year-old company, which added more than 1,000 new customers last quarter and inked partnerships with United, Airbnb and Uber in July.
“All of this activity is adding to the foundation for Concur’s long term strategic vision, and building new financial leverage on top of our historically strong core Travel & Expense automation solutions,” CEO Steve Singh said in a statement.
Shares of Concur, which are down 10 percent in the past year, stayed flat in after-hours trading. Here’s a closer look at the company’s latest financials:
