Concur reported record June quarter revenue of $75 million, 20 percent more than a year ago

. Net income was $3.7 million, about half the $7.2 million reported a year earlier. The company slightly trimmed its revenue growth expectations for the September quarter to 18 percent from 20 percent. Travel transactions in the June quarter were "ahead of expectations and are clearly continuing to trend back towards the waterline," CEO and chariman Steve Singh said, warning that volumes are "still well below pre-recession levels and it will likely take at least until the end of 2011" to exceed those levels.