Concur said its preliminary March-quarter revenue growth fell short of expectations,

at 17.5 percent year over year versus a previous expectation of 19 percent. "Strong bookings have resulted in longer implementation cycles in the short term, which impacts short-term revenue growth," according to Concur chairman and CEO Steve Singh. "We believe that fiscal year 2013 bookings growth may continue to outpace our previous expectations, and are confident that our implementation cycles will return to historical averages within the next few quarters." Concur indicated revenue in the June quarter would be “at least” $139 million, about 23 percent higher than a year earlier. The company will announce full March-quarter results on May 1.