Procurement
Concur for the June quarter posted net income of $6.9 million, more than triple the result from a year earlier.
Total revenue jumped 26 percent to $113.2 million. "Our core business continues to perform ahead of our expectations across all geographies and channels," according to chairman and CEO Steve Singh. "Led specifically by exceptionally strong performance within the SMB market segment, we signed a total of more than 1,000 new customers in the [fiscal] third quarter." The travel technology firm raised expectations for its full fiscal year.