Concur Raises '08 Estimates Again as Big Clients Deploy Faster

Led by the strength of more than 500 new customers and faster than expected travel and expense system deployments, Concur reported record March quarter revenue of $53.7 million, up 82 percent including acquisitions and $3.7 million higher than expected. Expenses also rose substantially, but Concur recorded net income of $3.7 million versus $1.3 million a year earlier.

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