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

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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."

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