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MIND CTI revenues down to $4.55m in Q2

18 Aug 2011
00:00
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MIND CTI reported revenues of $4.55 million in the second quarter, down from $4.9 million in the same period of 2010.

Operating income was $843,000 or 18.5 % of revenue while net income was $967,000 or $0.05 per share.

During the quarter, MIND CTI engaged one new customer but listed multiple follow-on orders.

CEO Monica Iancu said that while revenues were below expectations, “we are encouraged by the continued follow-on business and the opportunities in our pipeline.”

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