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Concur Turning Profit After Years Of Struggle.(B)(NASDAQ STOCKS IN THE NEWS)
Byline: Juan Carlos Arancibia
Concur Technologies is building the right side of a long base stretching back 8 1/2 months. The pattern undercut the previous base, making this a first-stage base.
The Redmond, Wash.-based company automates expense reporting and provides fraud-detection tools to help companies comply with Sarbanes-Oxley accounting regulations.
Concur struggled several years, but started posting earnings the last two fiscal years. In the most recent quarter, earnings per share grew to 4 cents from 1 cent. Sales growth reached 31%, capping four periods of accelerating improvement.
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