MIND CTI nets $2.6m

MIND CTI registered a net income of more than $2.6 million in the first nine months of the year, significantly higher than the $872,000 posted in the same period last year.

 

Revenues from the January-September period, however, were lower at close to $12.9 million, as compared with almost $15 million in the same timeframe a year ago. MIND CTI attributed its low 2006 net income to expenses related to the premature withdrawal of long-term deposits amounting to more than $1.3 million. For the fourth quarter, the company aims to achieve a 10% revenue growth to $5.4 million, from just a little more than $4 million in the third quarter.

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.