MIND reports Q1 revenue drop

Israel's MIND CTI registered revenues of $4.81 million in the first quarter, lower than the $5.25 million posted in the same period last year. GAAP net income was 76% higher, however, at $1.15 million or $0.05 per share.

 

Bulk of its sales came from Europe (43%) and the Americas (41%).

 

Revenue from its customer care and billing software totaled $4.05 million, while that from its enterprise call management software was $755,000.

 

Licenses contributed $1.91 million to revenues, maintenance $1.69 million, and services $1.21 million.

 

During the first quarter, the company focused on enhancing its product suite to enable it to secure follow-on orders and new contracts.

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.