Why Concur Technologies Conquered Gains

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Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Concur Technologies (NAS: CNQR) are conquering the day with gains upward of 13% after the company reported strong earnings with upbeat guidance.

So what: Revenue jumped 28% to $108.4 million with non-GAAP earnings of $18.5 million, or $0.33 per share. The Street was only asking for $105.9 million in sales and earnings per share of $0.19. However, on a GAAP basis, Concur lost $4.8 million, or $0.09 per share.


Now what: Concur's third-quarter and full-year outlooks smashed estimates, though. The company sees third-quarter earnings per share of $0.31, well above the $0.20 expectation. The full year should see earnings per share of $1.31, trouncing analysts' estimates of $0.84. UBS has boosted its price target to $70, calling the company one of its favorite software-as-a-service plays and even an attractive buyout candidate.

Interested in more info on Concur Technologies? Add it to your watchlist byclicking here.

At the time this article was published Fool contributorEvan Niuholds no position in any company mentioned.Click hereto see his holdings and a short bio. The Motley Fool has adisclosure policy. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. Try any of our Foolish newsletter servicesfree for 30 days.

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