Mind CTI lifts quarterly revenue 28%

BSS company MIND CTI lifted its Q1 revenue 28% to $5.3 million, on the back of significant contract wins.

Net profit grew to 1.3 million from just $212,000 the year before.

The company said it had added one new customer and won one major upgrade and one major contract enhancement.

The company earned $4.3 million in revenue from sales of customer billing and care software, and $956,000 from enterprise call accounting software.

Broken down by region, sales from the Americas represented 51.7% of MIND CTI's revenue, with 33.1% from Europe and the rest divided between Israel, Africa and APAC.