Oracle and SpringSource have teamed up to propose a new Eclipse project called "Enterprise Modules" and code-named Project Gemini, "to provide a home for subprojects that integrate existing Java enterprise technologies into module-based platforms," the proposal said. According to the proposal, released on Nov. 20, "Gemini will be a parent...
The European Commission has agreed to a request by Oracle to extend the deadline for approval of its proposed $7.4bn merger with Sun Microsystems, it emerged yesterday. The Commission, which has been holding up the deal because of antitrust concerns over Oracle's acquisition of a Sun-owned open source database company,...
Brian Stutland of Stutland Equities said on CNBC's Fast Money that investors should look at Microsoft (NASDAQ: MSFT), Oracle (NASDAQ: ORCL) and Yahoo! (NASDAQ: YHOO), the companies that were sold on Dell's (NASDAQ: DELL) weakness.
Stutland believes that these stocks were oversold and sees the opportunity to pick them up, but only at the short term. He sees Microsoft (MSFT) at $30, Oracle (ORCL) at $23 and Yahoo! (YHOO) at $16.
MSFT closed at $29.62 and ORCL finished at $22.34. YHOO dropped 1.57% today at $15.38.
Concur Technologies Inc (CNQR) reported 2009 fourth quarter earnings per share from continuing operations of 14 cents, matching the Zacks Consensus Estimate.
Concur reported total revenue for the fourth quarter of fiscal 2009 of $64.8 million, driven by subscription revenue. Total revenue for the quarter was also up 13% from the year-ago quarter. Total subscription revenue [...]
Concur Technologies Inc (CNQR) reported 2009 fourth quarter earnings per share from continuing operations of 14 cents, matching the Zacks Consensus Estimate.
Concur reported total revenue for the fourth quarter of fiscal 2009 of $64.8 million, driven by subscription revenue. Total revenue for the quarter was also up 13% from the year-ago quarter. Total subscription revenue was $62.9 million for the fourth quarter of fiscal 2009, up 13% compared to the year-ago quarter, and up 3% sequentially.
Bookings were exceptionally strong as the company signed more business in the fourth quarter than in any of the quarter in the company's history. Looking ahead, it expects the demand environment to remain solid throughout the fiscal year.
The long-term growth rate for both revenue and earnings is driven by new customer additions and cost selling of new services. The company signs more new business in the most recent quarter, with strong performance across all geographies and all market segments. It signed more than 800 new customer contracts in the quarter and more than 60% of our new customers selected Concur Travel & Expense.
While it is comforting to see negative economic trends start to abate, it’s important to recall that unemployment today is double of what it was 14 months ago and travel spend is still down substantially on a year-over-year basis. Looking at these macro trends in aggregate, the company considers it prudent to remain cautious in its growth expectations as it will still take sometime to work through the lingering impact caused by the meaningful contraction of global economy.
Cash flows from operations were $20.4 million for the fourth quarter of fiscal 2009, down 10% from the year-ago quarter. Cash and equivalents were $262.7 million with negligible long-term debt and shareowner’s equity was $521 million.
Concur expects earnings per share for the first quarter of fiscal 2010 to be 11 cents, assuming an estimated effective tax rate of 36.5%. The current Zacks Consensus Estimate is 15 cents per share.
Concur Technologies, Inc. provides employee spend management solutions. Its software solutions include Concur Travel & Expense, a travel procurement and expense reporting solution; Concur Expense, which provides the process and information for management to reduce manual processing, enhance internal controls, increase business policy compliance, speed up reimbursement, and increase expense report accuracy; Concur Cliqbook Travel, an online travel management solution; and Concur Invoice, which enables companies to streamline payment requests, facilitating approval processes, and automatic updating of accounts payable systems. The company was founded in 1993 and is headquartered in Redmond , Washington . Major competitors are Compuware Corporation (CPWR), Oracle Corporation (ORCL) and SAP AG (SAP).
You have to know when to hold them, and when to fold them. That's the not just slightly smug assessment by IBM executives as they reflect -- with twinkles in their eyes -- on the months-stalled Oracle acquisition of Sun Microsystems, a deal that IBM initially sought but then declined earlier this year.[More...]
BloggingStocks: In tech circles, you will hear lots about "cloud computing." Essentially, this means that software applications are operated through Internet connections -- and processed in huge data centers. Often, the results include lower costs and easier ... Read more
