However, as expenses jumped 27 percent, the company reported an operating loss of $2.7 million, reversing positive operating income of $6.1 million in the year-earlier period. The net loss for the quarter was $7.6 million, wider than the $4.8 million net loss a year earlier. "We experienced one of the best bookings performances in Concur's history, with new bookings growing more than 100 percent over the second quarter last year," according to a statement from CEO Steve Singh. "The strong bookings have resulted in longer implementation cycles, which impacts short-term revenue growth. The bookings strength is primarily a result of the better-than-expected momentum in our
federal government ETS2 contract and continued strength in our commercial business. We expect revenue growth to accelerate in the second half of fiscal 2013."