Concur reported total revenue for the third quarter of fiscal 2009 of $62.2 million, driven by subscription revenue which was up 14% from the year-ago quarter. Total revenue for the quarter was up 13% from the year-ago quarter. Fiscal 2009 third quarter net income was $7.2 million, or $0.14 per share, exceeding company expectations. This compares to net income of $4.5 million, or $0.09 per share, in the year-ago quarter.

"We are very pleased with our fiscal third quarter performance, as subscription revenue grew four percent quarter-over-quarter and non-GAAP EPS grew 14% quarter-over-quarter," said Steve Singh, chairman and CEO of Concur. "New customer growth in the quarter was among the strongest in our history and we see a solid demand environment for our services as we head into the fourth quarter of fiscal 2009."

Singh continued, "Against the backdrop of an environment that is beginning to stabilize, our ongoing ability to execute well, and the large-scale opportunity in front of us, we are beginning to reaccelerate our investments across the business while we continue to execute on our core objectives of expanding distribution, driving innovation in our industry, and setting the bar for service excellence. For example, we recently announced our acquisition of Etap-On-Line, which expands our presence in the European market and underscores our ongoing commitment to providing both global and local leadership to the travel and expense industry."

   Financial Highlights    --  Total revenue was $62.2 million for the third quarter of fiscal 2009,       up 13% compared to the year-ago quarter, and up 0.4% sequentially.       Total subscription revenue was $60.9 million for the third quarter of       fiscal 2009, up 14% compared to the year-ago quarter, and up 4%       sequentially.   --  Net income was $7.2 million, or $0.14 per share, for the third quarter       of fiscal 2009, compared to $4.5 million, or $0.09 per share, for the       year-ago quarter.   --  Non-GAAP pretax income was $16.5 million, or $0.32 per share, for the       third quarter of fiscal 2009, compared to $11.3 million, or $0.24 per       share, for the year-ago quarter. Please refer to "About Concur's       Non-GAAP Financial Measures" below for an explanation of our non-GAAP       financial measures used in this press release.   --  Non-GAAP operating margin was 26% for the third quarter of fiscal       2009, up from 21% the year-ago quarter.    --  Cash flows from operations were $18.1 million for the third quarter of       fiscal 2009, down 7% from the year-ago quarter.     Recent Business Highlights    --  Concur announced the acquisition of Etap-On-Line, a leading European       provider of business travel and expense management solutions based in       Paris, France. Concur expects the acquisition, which closed on August       1, 2009, to be accretive to fiscal 2010 non-GAAP earnings.   --  Concur released Concur  Mobile for general availability. This       innovative companion for business travelers extends the power of       Concur  Travel & Expense by allowing mobile workers using their       smartphones to easily change itineraries; book taxis, hotels or       dining; capture expenses; and approve expense reports - all within       policy while on the road.   --  Concur's  market-leading corporate booking technology is the first to       support the TSA's new Secure Flight Program requirements, making it       easy for corporate travel managers to be in compliance.   --  Concur announced that Concur clients can now access car rental       inventory from Sixt AG, a leading European car rental company and       global provider of high-quality mobility services, and make       reservations via a direct connect between Sixt AG and Concur's online       corporate travel booking services.   --  Concur announced a new partner service in conjunction with       Ireland-based Tax Back International (TBI) to help Concur clients       reclaim foreign value-added tax (VAT) costs.   --  Concur announced that Concur chairman and CEO Steve Singh was       recognized by Business Travel News (BTN) as one the "Top of the Top       25s" leaders in the business travel industry.   --  Concur ranked 5th on Seattle Business Magazine's list of 100 Best       Companies To Work For.   --  Concur was placed 12th on the Northwest 100, The Seattle Times' annual       ranking of the region's best-performing public companies.    --  CIOZone.com named Concur as one of the 50 Fastest-Growing Software       Companies.     Business Outlook   

The following statements are based on our current expectations and we do not undertake any duty to update them. These statements are forward-looking and inherently uncertain. Actual results may differ materially as a result of the factors identified below, the factors identified in our public filings made with the Securities and Exchange Commission, or other factors. Please also refer to "About Concur's Non-GAAP Financial Measures" below for an explanation of our non-GAAP financial measures and a reconciliation of those measures to GAAP equivalents.

   --  Concur expects earnings per share for the fourth quarter of fiscal       2009 to be $0.11, assuming an estimated effective tax rate of 36%, and       non-GAAP pre-tax earnings per share to be $0.27.   --  Concur expects earnings per share for fiscal 2009 to be $0.49,       assuming an estimated effective tax rate of 36%, and non-GAAP pre-tax       earnings per share to be $1.12.   --  Concur expects the fiscal 2009 non-GAAP operating margin to be 22% or       more for the year as a whole.    --  Concur expects cash flows from operations in fiscal 2009 to be between       $64 million and $66 million, and capital expenditures of approximately       $19 million.     About Concur   

Concur is the world's leading provider of on-demand Employee Spend Management services. Trusted by thousands of organizations to reach millions of employees, Concur's award-winning solutions streamline business travel and expense reporting, and improve invoice processing - delivering rapid ROI by helping companies increase efficiency, control employee spend and drive down operational costs. Learn more at http://www.concur.com/.

All company or product names are trademarks and/or registered trademarks of their respective owners.

This press release contains forward-looking statements that are inherently uncertain. These forward-looking statements, such as the statements made by Mr. Singh, are based on Concur's current expectations and involve many risks and uncertainties that could cause actual results to differ materially from current expectations. Factors that could cause or contribute to actual results differing from current expectations include, but are not limited to: adverse economic or market conditions, such as the current economic downturn, which may cause customers and prospects to delay or reduce purchases of our products and services, cause customers to reduce business travel and correspondingly reduce the use of our products and services, reduce the ability of customers, channel partners, vendors and suppliers to fulfill their obligations to us, increase volatility of our stock price and foreign exchange rates, and otherwise adversely affect our operations and financial performance; potential difficulties associated with our realization of the benefits related to our acquisition of Etap-On-Line; potential difficulties associated with our realization of the benefits related to our business relationship with American Express; potential delays in market adoption and penetration of our subscription service offerings; potential difficulties associated with our deployment and support of our products and services; our ability to manage expected growth of our subscription service offerings; the scalability of the hosting infrastructure for our subscription service offerings; potential increases in the rate of attrition of customers of our subscription service offerings; the level of investment in information technology by our customers; the level of business travel that may reduce the use of our products and services or inhibit new sales of our products and services; potential difficulties associated with strategic relationships and with development of new products and services; risks associated with expansion into new geographic markets; the lengthy sales cycle for our products and services; and uncertain market acceptance of recently-introduced or future products and services.

Please refer to the company's public filings made with the Securities and Exchange Commission at http://www.sec.gov/ for additional and more detailed information on risk factors that could cause actual results to differ materially from current expectations. Concur assumes no obligation to update the forward-looking information contained in this press release.

                         Concur Technologies, Inc.