New Plan, 13% Layoffs, Mark Concur’s Third Quarter Disappointment
D. Geller - June 13, 2000

Event Summary

Concur Technologies, Inc. expects third quarter revenues between $12.8 million and $14 million. These numbers are lower than Wall Street analyst estimates. Further, the company's loss is now expected to be larger than analyst estimates of 70 cents per share (approximately $17.5 million). By comparison, Concur's Q2 revenues were $10.8 million with a net loss of $19.3 million...