Concur Cloud Subscriptions & Support Revenue Rises In Q4

Concur’s 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 accepted financial reporting standards. The increase from €149 million in the third quarter wraps expense management company Concur's first full year under SAP since being acquired in December 2014. Concur gained 2 million end users during the quarter to reach 32 million.