Concur Technologies, Inc. (CNQR) Reports In-Line Q3 EPS, Offers Guidance

Concur Technologies, Inc. (NASDAQ: CNQR) reported Q3 EPS of $0.16, in-line with the analyst estimate of $0.16. Revenue for the quarter came in at $177 million versus the consensus estimate of $175.15 million.

Business Outlook

The following statements are based on our current expectations and we do not undertake any duty to update them. These statements are forward-looking and inherently uncertain. Actual results may differ materially as a result of the factors identified below, the factors identified in our public filings made with the Securities and Exchange Commission, or other factors. Please also refer to "About Concur's Non-GAAP Financial Measures" below for an explanation of our non-GAAP financial measures and a reconciliation of those measures to GAAP equivalents.

Concur expects non-GAAP revenue for the fourth quarter of fiscal 2014 to grow approximately 21% year-over-year from the fourth quarter of fiscal 2013. For the fourth quarter of fiscal 2014, Concur expects non-GAAP pretax income per share to be $0.32. Non-GAAP revenue and pretax income exclude the effects of businesses the company has divested or intends to divest and non-cash related items such as stock-based compensation expenses, amortization of intangible assets, and the accretion of the discount on our convertible senior notes. It also excludes the non-cash accounting implications and cash fees and expenses of acquisitions and other related strategic activity in which the Company may deploy capital.

• Concur expects fiscal 2014 non-GAAP revenue to grow approximately 27% year-over-year from fiscal 2013.
• Concur expects fiscal 2014 non-GAAP pretax income per share to be at least $0.93.
• Concur expects fiscal 2014 non-GAAP operating margin to be approximately 10%.
• Concur expects cash flows from operations in fiscal 2014 to be at least $85 million, excluding excess tax benefits from share based compensation, acquisition and other related costs, and noncontrolling interest. The Company expects capital expenditures to be approximately 8% of fiscal 2014 revenue.

For earnings history and earnings-related data on Concur Technologies, Inc. (CNQR) click here.

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