-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, ATBYWXxE4/3MY0EnQAE5v7CeINVhV3xIYrOn0uHKORSUU5r4fU2U7hxW51Hl5Z+7 vE3AhFRXnVJTbuNsGpXUJg== 0000891618-99-004595.txt : 19991019 0000891618-99-004595.hdr.sgml : 19991019 ACCESSION NUMBER: 0000891618-99-004595 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19991005 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19991018 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CONCUR TECHNOLOGIES INC CENTRAL INDEX KEY: 0001066026 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 911608052 STATE OF INCORPORATION: WA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-25137 FILM NUMBER: 99729680 BUSINESS ADDRESS: STREET 1: 6222 185TH AVE NE CITY: REDMOND STATE: WA ZIP: 98052 BUSINESS PHONE: 4257028808 MAIL ADDRESS: STREET 1: 6222 185TH AVE NE CITY: REDMOND STATE: WA ZIP: 98052 FORMER COMPANY: FORMER CONFORMED NAME: PORTABLE SOFTWARE CORP DATE OF NAME CHANGE: 19980714 8-K 1 FORM 8-K 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 --------------- FORM 8-K Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 OCTOBER 5, 1999 - -------------------------------------------------------------------------------- Date of Report (Date of earliest event reported) CONCUR TECHNOLOGIES, INC. - -------------------------------------------------------------------------------- (Exact name of Registrant as specified in its charter) DELAWARE 000-25137 91-1608052 - ------------------------ ------------------------ ------------------------------------ (State of incorporation) (Commission file number) (I.R.S. Employer Identification No.)
6222 185TH AVENUE NE REDMOND, WASHINGTON 98052 - -------------------------------------------------------------------------------- (Address of principal executive offices, including zip code) (425) 702-8808 - -------------------------------------------------------------------------------- (Registrant's telephone number, including area code) 2 ITEM 5: OTHER EVENTS On October 5, 1999, Concur Technologies, Inc. released a preliminary announcement of its results of operations for the three month period ended September 30, 1999. These preliminary results are subject to final analysis and audit. Full fourth quarter and year-end results will be reported on Wednesday, October 27, 1999. ITEM 7: FINANCIAL STATEMENTS AND EXHIBITS. (c) EXHIBITS
NUMBER DESCRIPTION ------ ----------- 99.01 Press release dated October 5, 1999
3 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Concur Technologies, Inc. Date: October 18, 1999 By: /s/ STERLING R. WILSON -------------------------------------- Sterling R. Wilson Executive Vice President of Operations and Chief Financial Officer 4 EXHIBIT INDEX
NUMBER DESCRIPTION ------ ----------- 99.01 Press release dated October 5, 1999
EX-99.01 2 PRESS RELEASE 1 EXHIBIT 99.01 CONCUR TECHNOLOGIES ANNOUNCES PRELIMINARY FOURTH QUARTER FINANCIAL RESULTS Tuesday, October 5, 1999 REDMOND, Wash.--(BUSINESS WIRE)--Oct. 5, 1999--Concur Technologies, Inc. (Nasdaq:CNQR), the global leader in workplace eCommerce solutions, today announced that based on a preliminary analysis of results of operations, the company expects to report total revenues for the fourth quarter of fiscal 1999 in the range of $8.6 million to $9.2 million, which includes approximately $5.0 million to $5.3 million in license revenues. This compares to securities analyst estimates of approximately $12.3 million to $12.7 million for total revenues, which includes license revenues of approximately $8.1 million to $8.8 million. For the fourth quarter of fiscal 1998, the company reported total revenues of $6.3 million, which included license revenues of $3.9 million. These preliminary results are subject to final analysis and audit. Full fourth quarter and year-end results will be reported on Wednesday, October 27, 1999. "Revenues for the fourth quarter, particularly license revenues, were significantly below expectations, primarily due to an unexpected delay in closing quarter-end business," said Steve Singh, Concur President and Chief Executive Officer. "In addition, the three months ended September 30 marked the first quarter in which we included three products within our suite of workplace eCommerce applications. Our products now impact a broader range of departments within companies, and customers need additional time to evaluate the strategic benefits of purchasing our suite of workplace eCommerce solutions, thereby somewhat lengthening the sales cycle." "Despite these disappointing results, we remain confident in our business, the demand for our products, the strength of our suite of applications and in our ability to execute on our workplace eCommerce vision. I am very pleased to announce that we will unveil another component of this vision tomorrow with the launch of our Internet-based eWorkplace.com(TM) products, which allow us to expand our reach into the small and middle market, opening a significant and untapped market." added Mr. Singh. ABOUT CONCUR TECHNOLOGIES Concur Technologies, Inc.(TM) is the leading provider of workplace eCommerce solutions that automate costly and inefficient business processes among employees, partners, suppliers, and service providers. Its flagship product, EmployeeDesktop(TM), integrates Concur's suite of workplace eCommerce solutions, including non-production goods and services procurement, human resource employee and managerial self-service, and travel and entertainment expense management, through a common user interface, and provides a business portal through which employees can access critical information and services. Concur has licensed its workplace eCommerce solutions to more than 1.8 million desktops in over 235 companies worldwide. Concur's workplace eCommerce solutions reduce operating costs, increase employee productivity, and improve supplier management in small and medium sized businesses and Global 2000 enterprises. Its customers include AlliedSignal, AT&T, DaimlerChrysler, Exxon, and Pfizer. Concur's Global Alliance Network -- comprised of over 50 world-class organizations including ADP, American Express, EDS, and Microsoft -- further enhances its ability to provide best-of-breed solutions for maximum results. Headquartered in Redmond, Wash., Concur has 2 offices throughout North America, Europe, and the Asia-Pacific rim. Additional information on Concur is available via the Internet at www.concur.com. Concur, eWorkplace.com and EmployeeDesktop are trademarks of Concur Technologies. All other company or product names are trademarks and/or registered trademarks of their respective owners. This press release contains forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from current expectations. Statements made in this release that relate to future plans, events or performances or statements containing words such as "believes," "anticipates," "plans," or "expects" are forward-looking statements. These statements are based on current expectations and involve risks and uncertainties. Factors that could cause or contribute to actual results differing from current expectations include, but are not limited to, the Company's limited operating history, which makes the prediction of future operating results difficult; risks associated with acquisitions; difficulties associated with strategic relationships; the lengthening of the sales cycle; increased customer caution due to Y2K issues; and uncertainty of market acceptance of the Company's products, including the eWorkplace.com products designed for the small and middle market. Please refer to the Company's public filings made with the Securities and Exchange Commission (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. CONTACT: Concur Technologies, Inc. Kira Bacon, 425/497-7342 -----END PRIVACY-ENHANCED MESSAGE-----