Concur (CNQR), which makes employee spend management software, posted revenue for its fiscal second quarter ended March 31 of $72.8 million, up 8% sequentially, 17% from a year ago and ahead of the Street at $70.1 million. Non-GAAP profits of 20 cents a share beat the Street by two cents.
For Q3, the company sees non-GAAP EPS of 17 cents a share, which is below the Street at 20 cents. The company said the non-GAAP figure includes 4 cents a share of interest expense and fees related to a recent convertible note offer.
For the full fiscal year ending September, the company sees non-GAAP profits of 76 cents a share, below the Street at 80 cents; the forecast includes 8 cents a share in expenses related to the convert.
The company also said it has named Frank Pelzer as CFO, succeeding John Adair, who is retiring. Pelzer since 2007 has been a director in the software investment banking group at Deutsche Bank.
CNQR in late trading is unchanged at $43.27.
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