REDMOND, Wash., March 29, 2010 -- Concur (Nasdaq: CNQR), the world's leading provider of on-demand Employee Spend Management services, today announced expected financial results for its second fiscal quarter, ending March 31, 2010.
-- Concur expects revenue for the second quarter of fiscal 2010 to be $70 million or above.
-- Concur expects diluted net income per share for the second quarter of fiscal 2010 to be $0.10 and non-GAAP diluted pre-tax income per share to be $0.28. Previously, Concur provided expectations for diluted net income per share for the second quarter of fiscal 2010 of $0.10 and non-GAAP diluted pre-tax income per share of $0.27.
Please refer to "About Concur's Non-GAAP Financial Measures" below for an explanation of this non-GAAP financial measure and a reconciliation of this measure to its GAAP equivalent. These statements are based on current expectations and Concur does not undertake any duty to update them. These statements are forward-looking and inherently uncertain; actual results may differ materially as a result of the factors identified below, or other factors.