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What: Shares of software-as-a-service provider Concur Technologies
So what: Concur's performance in the fourth quarter showed that the company is continuing to build its position in the corporate travel market. Revenue of $77.5 million was up 20% from last year while non-GAAP earnings per share rose a penny to $0.19. Sales were above analysts' expectations and earnings per share matched estimates. The company also highlighted some other positive "did you know?" items, like a commissioned Forrester study that showed the company's expense-tracking suite delivers a 242% ROI over three years, as well as spot at No. 37 on Forbes' list of "America's Best Small Companies in 2010."
Now what: Unfortunately, the good news didn't spill over to the company's first-quarter outlook. Revenue growth of 17% and non-GAAP earnings per share of $0.18 were both short of what Wall Street was hoping to see in the upcoming quarter. Worse still, the announcement came on a particularly bad day, as Mr. Market was put on edge by a disappointing outlook from tech giant Cisco
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