Concur for its December fiscal quarter reported non-GAAP operating income and pre-tax earnings slightly below the year-earlier period, - Business Travel News

Share this page

Business Travel Supplier Directory

Text size: A A A

NewsLog
RSS

January 31, 2013 - 01:10 PM ET

Concur for its December fiscal quarter reported non-GAAP operating income and pre-tax earnings slightly below the year-earlier period, $18.9 million and $17.2 million, respectively. On a GAAP basis, the net loss increased to $12 million from $900,000, due to higher expenses and charges. Despite the impact of Hurricane Sandy, total revenue for the quarter jumped 22 percent to $123 million, thanks partly to what CFO Frank Pelzer described as "stronger-than-anticipated transaction volume." CEO Steve Singh noted momentum "across the business," including that from global multinational clients and small business customers in all geographies, but added that "it's pragmatic to assume that the macro environment is still fairly challenging."

This page is protected by Copyright laws. Do Not Copy. Purchase Reprint

Leave your comment:

Comments

blog comments powered by Disqus
Related NewsLog
Alaska Airlines on Thursday reported a first-quarter 2015 net income of $149 million,... read more »
Reserved occupancy at North American hotels for the second quarter of 2015 is up 0.8 percent from the same period last year,... read more »
The average daily rate at U.S. hotels in March increased 4.9 percent year over year to $120.38,... read more »
Wyndham Hotel Group appointed Carol Bullock as vice president of global sales for North America and Latin America and... read more »
Japan's All Nippon Airways named Hideki Kunugi senior vice president of the Americas.... read more »
InterContinental Hotels Group senior vice president of worldwide sales Stephen Powell will retire in June,... read more »
The number of international air passengers traveling in premium classes worldwide in January increased by a "weak" 2.6 percent year over year,... read more »
Accor appointed Cyril Kovarsky senior vice president of global sales, effective April 1.... read more »
U.S. restaurant spending by corporate clients of dining network Dinova in 2014 increased 5.6 percent year over year,... read more »
Meetings technology firm Cvent on Friday reported $39.3 million in fourth-quarter 2014 revenue, up from $30.7 million year over year.... read more »
International Consolidated Airlines Group, parent company to British Airways and Iberia, on Friday reported a fourth-quarter profit of €138 million,... read more »