Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Concur Technologies (Nasdaq: CNQR) are conquering the day with gains upward of 13% after the company reported strong earnings with upbeat guidance.

So what: Revenue jumped 28% to $108.4 million with non-GAAP earnings of $18.5 million, or $0.33 per share. The Street was only asking for $105.9 million in sales and earnings per share of $0.19. However, on a GAAP basis, Concur lost $4.8 million, or $0.09 per share.

Now what: Concur's third-quarter and full-year outlooks smashed estimates, though. The company sees third-quarter earnings per share of $0.31, well above the $0.20 expectation. The full year should see earnings per share of $1.31, trouncing analysts' estimates of $0.84. UBS has boosted its price target to $70, calling the company one of its favorite software-as-a-service plays and even an attractive buyout candidate.

Interested in more info on Concur Technologies? Add it to your watchlist by clicking here.

Fool contributor Evan Niu holds no position in any company mentioned. Click here to see his holdings and a short bio. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.