MIND CTI Q1 revenues down 15%
MIND CTI revenues in the first quarter were $4.5 million, down 15% compared with $5.3 million in the same period of 2010.
This brought net income to $1.162 million or $0.06 per share.
Backlog as of March 31 includes $10.2 million that is expected to be billed by year-end.
The dividend declared and distributed was $6 million including $4.7 million that was paid to the shareholders in March 2011 and $1.3 million was paid for the withholding tax to the Israeli Tax authority in April 2011.