Concur CEO Steve Singh
Concur CEO Steve Singh

Concur, the Bellevue maker of travel and entertainment expense management software, today announced earnings from its fiscal first quarter.

The company reported non-GAAP revenue of $160.3 million, up 31 percent from this time last year and up 4 percent from the prior quarter (full revenue was $163.1 million, which includes $2.8 million in revenue from businesses the company intends to divest). Concur’s net loss for the first quarter was $24.2 million, compared to a $12 million net loss at this time last year.

CEO Steve Singh said the company exceeded expectations for revenue, earnings, cash flow from operations and free cash flow. Concur also added 1,000 new customers during the first quarter.

“Driven by a strong demand environment and strong business execution, we are continuing to invest in our vision of the Perfect Trip and to drive greater efficiency into the corporate travel supply chain,” Singh said in a press release.

Concur’s stock, which is up 50 percent in the past year, is up more than seven percent in after hours trading.

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