Concur exceeded forecasts for bookings and had its “strongest
year ever” in 2015, Concur CEO and SAP global managing board member Steve Singh
said at the company's Investor Day Feb. 4. Billing rates grew more than 30
percent year over year, he said.
Concur cloud subscriptions and support revenue totaled €162
million (US$175.6 million) in the fourth
quarter of 2015, based on constant currencies and calculations outside
international financial reporting standards. Concur claimed it brought in 5,000
customers and more than 32 million users for 2015. “We continue to see
fantastic adoption outside of the SAP customer base; about 75 percent comes
from outside the SAP customer base,” Singh said.
Concur’s strong revenue growth owed specifically to the United
States, Europe and Asia. The company saw “fantastic” growth in the United
States, Singh told BTN. He attributed
the success to Elena Donio, who led Concur's worldwide small and midsize
business before becoming president in December 2014.
Singh attributed the increased growth in Europe to SAP’s
strong presence there. Japan, meanwhile, grew 100 percent year over year.
“Every single segment grew faster than what we saw in 2014,”
he said.
Concur also plans to continue to invest in expanding its
global footprint and in its Perfect Trip affiliation of companies.
Concur just completed its first full year under
the umbrella of SAP, which also owns Ariba and Fieldglass. An analyst at
Concur's event questioned SAP's integration with Concur, indicating that the
integration of vendor-management system Fieldglass hasn’t gone well. Singh responded
that several integrations already exist between Concur, Fieldglass and
procurement-management system Ariba. He added that Concur would have native
integration into the SAP S/4 Hana enterprise management cloud platform this
year.