Mind CTI Ltd (MNDO)

[longmike2]

so today the fed raised the lending rate

The Federal Reserve raised its key interest rate on Wednesday from a range of 0% to 0.25% to a range of 0.25% to 0.5%.

Operating Margins and Net Income

Similar to our previous quarter, the high operating margins, significantly higher than our target of 20%, are mainly the result of a decrease in expenses due to the devaluation of currencies against the U.S. dollar, a mix of revenues with lower third party expenses, changes in some provisions and some efficiency measures.


This is huge for the bottom line of MNDO..the dollar will continue to get stronger and weaken other currencies.

Take it for what its worth!!!