TTI Team Telecom International posted total revenues of $10.3 million in the quarter that ended September, dipping 18.9% year-on-year from $12.7 million.
Sequentially, revenues were also 3.7% lower than the $10.7 million posted in the previous quarter.
Chairman and CEO Meir Lipshes said the decline was still due to the continuing recession but that the company was looking forward to its fourth-quarter performance results as it “see(s) an awakening in the market.”
“In preparation, we have decided to accelerate our investment in the building of an LTE (long-term evolution) solution,” Lipshes added.