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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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Fool contributor Matt Koppenheffer does not own shares of any of the companies mentioned. You can check out what Matt is keeping an eye on by visiting his CAPS portfolio, or you can follow Matt on Twitter @KoppTheFool or on his RSS feed. The Fool's disclosure policy assures you no Wookiees were harmed in the making of this article.