Concur Sees Strong Customer Demand, Envisions Being $1 Billion Company
Skift Take
Concur sees itself as reinventing corporate travel, with the rest of the industry following along. The company is indeed doing some transformational things, but the rest of the industry hasn't exactly signed off on it all yet.
Concur saw strong customer demand in what CEO Steve Singh characterized as an "exceptional" first quarter, although investments in its platform contributed to widening losses.
In the travel expense-management company's 2014 fiscal first quarter, which ended December 31, Concur says it added 1,000 customers, but its net loss widened to $24.2 million, from $12 million i
