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.

Suggested Articles

Wireless operators can provide 5G services with spectrum bands both above and below 6 GHz—but that doesn't mean that all countries will let them.

Here are the stories we’re tracking today.

The 5G Mobile Network Architecture research project will implement two 5G use cases in real-world test beds.