MIND CTI Q3 profit up 40%

MIND CTI posted a net income of $1.25 million or $0.07 per share in the third quarter, up 40% year-on-year.
 
The provider of convergent end-to-end billing and customer care product based solutions for service providers recorded revenues of $4.71 million, up 2% YoY.
 
Revenue from customer care and billing software totaled $3.58 million, while revenue from enterprise call accounting software was $1.13 million.
 
Revenue from licenses was $1.1 million, or 23.2% of total revenue, while revenue from maintenance and additional services was $3.61 million, or 76.8%.

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