Concur Technologies Inc. (CNQR) reported that its fourth-quarter net income was $5.88 million compared to $5.64 million last year. Earnings per share available to stockholders was $0.11, flat with last year.
Non-GAAP pre-tax income was $15.03 million or $0.29 per share compared to $12.27 million or $0.24 per share last year.
On average, 20 analysts polled by Thomson Reuters expected the company to report profit of $0.18 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues increased to $64.82 million from $57.55 million last year. Analysts expected revenue of $64.41 million for the quarter.
Fiscal 2009 net income increased to $25.68 million from $17.18 million a year ago. Earnings per share available to stockholders was $0.50 compared to $0.35 last year. Total revenue increased to $247.60 million from $215.49 million last year.
Concur expects earnings per share for the first quarter of fiscal 2010 to be $0.11, assuming an estimated effective tax rate of 36.5%, and non-GAAP pre-tax earnings per share to be $0.27.
Concur expects earnings per share for fiscal 2010 to be $0.52, assuming an estimated effective tax rate of 36.5%, and non-GAAP pre-tax earnings per share to be $1.27.
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