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What: Shares of Concur Technologies
So what: Revenue hit $100 million for the first time ever, and earnings were no slouch either at $0.32 per share. The results looked rather tall when stacked against the Street's expectations of $98.8 million in revenue and $0.19 earnings per share.
Now what: Several analysts also came out with bullish comments to follow up the figures. Needham & Company reiterated its buy rating and $65 price target, calling Concur one of its favorite software-as-a-system names with accelerating growth. UBS upgraded shares from neutral to buy, bumping up its price target from $48 to $66 in the process, saying it has few credible competitors and abundant growth opportunities.
Interested in more info on Concur? Add it to your watchlist.
Fool contributor Evan Niu holds no position in any company mentioned. Check out his holdings and a short bio. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.