MIND CTI revenues dipped 2% in Q3
MIND CTI revenues in the third quarter reached $4.63 million, down 2% from $4.71 million in the same period of 2010 but up 2% from $4.55 million in the previous quarter.
The Americas represented 49.5% of sales while Europe had 36% and the rest divided between Israel, Africa and Asia-Pacific.
Net income was $891,000 or $0.05 per share, more than double year-on-year from $356,000.
The company also won a contract with an Israeli MVNO that is expected to offer cellular services in Israel's communication market starting 2012.