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View the full CNQR chart at Wikinvest

Equities research analysts at Needham and Company reiterated a “hold” rating on shares of Concur Technologies (NASDAQ: CNQR) in a research note to investors on Thursday.

Concur Technologies, Inc. (Concur) is a global provider of on-demand Employee Spend Management solutions. The Company’s solutions unite online travel procurement with automated expense reporting, streamline corporate event management, and optimize the process of managing vendor payments, employee check requests and direct reimbursements. The Company sells its solutions and services primarily on a subscription basis and delivers them on-demand. As of September 30, 2009, Concur had approximately 9,000 customers in approximately 90 countries. In August 2009, Concur acquired Etap-On-Line, a provider of business travel and expense management solutions.

Shares of CNQR traded CNQR traded down 6.41% during mid-day trading on Thursday.

Regards,

Don