The 10-second takeaway
For the quarter ended March 31 (Q2), Concur Technologies met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly. Non-GAAP earnings per share grew. GAAP loss per share grew.
Margins dropped across the board.
Concur Technologies logged revenue of $127.4 million. The 17 analysts polled by S&P Capital IQ anticipated revenue of $127.7 million on the same basis. GAAP reported sales were 18% higher than the prior-year quarter's $108.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.25. The 20 earnings estimates compiled by S&P Capital IQ predicted $0.16 per share. Non-GAAP EPS of $0.25 for Q2 were 14% higher than the prior-year quarter's $0.22 per share. GAAP EPS were -$0.14 for Q2 versus -$0.09 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 71.3%, 80 basis points worse than the prior-year quarter. Operating margin was -2.6%, 720 basis points worse than the prior-year quarter. Net margin was -6.0%, 150 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $139.4 million. On the bottom line, the average EPS estimate is $0.24.
Next year's average estimate for revenue is $541.2 million. The average EPS estimate is $0.90.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 186 members out of 257 rating the stock outperform, and 71 members rating it underperform. Among 77 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 52 give Concur Technologies a green thumbs-up, and 25 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Concur Technologies is hold, with an average price target of $70.25.
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