Expense Report
Jan.27, 2006 in
Uncategorized
Concur Technologies (CNQR) has experienced amazing earnings and growth and there is nothing more important according to Cramer. He believes that there is more to come also. This company makes a software that automates the management of travel and entertainment expenses for businesses. This helps control company costs and is 60% cheaper than hiring humans to do the same job. CNQR has a superior product and currently has 30% of the market share. 90% of businesses still do the job themselves, so they room to grow is huge in this area. Of the people that use the software, some 97% stay using it. Cramer sees much more growth in CNQR’s future before he sees it come back down.



February 6th, 2006 at 2:03 pm
With the emergence of competitors like ExpenseWire, I can’t see how anyone would maintain Concur’s value much longer into the future.