Concur Q1 Loss Widens - Quick Facts

(RTTNews) - Concur (CNQR) reported a first-quarter net loss attributable to company of $24.2 million, or $0.43 per share, compared to a loss of $12.0 million, or $0.22 per share, last year. GAAP pretax loss was $30.8 million, compared to a loss of $13.4 million, a year ago. Non-GAAP pretax income was $12.4 million, or $0.21 per share, compared to $17.2 million, or $0.30 per share, prior year.

GAAP revenue was $163.1 million, for the quarter. Excluding revenue from businesses that the company intends to divest, non-GAAP revenue was $160.3 million, up 31% from the year-ago quarter.

Concur expects non-GAAP revenue for the second quarter of fiscal 2014 to grow approximately 30% year-over-year from the second quarter of fiscal 2013. For the second quarter of fiscal 2014, Concur expects non-GAAP pretax income per share to be $0.14.

Concur expects fiscal 2014 non-GAAP revenue to grow approximately 26% year-over-year from fiscal 2013. Concur expects fiscal 2014 non-GAAP pretax income per share to be at least $0.93.