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Re: longmike2 post# 305

Monday, 11/21/2016 7:04:38 PM

Monday, November 21, 2016 7:04:38 PM

Post# of 389
Yep and after some kinda blah (but solid) quarters this year, MNDO should be set up for some strong comps in 2017 thanks to the recent contract win. This was from the Q2 earnings PR:

Monica Iancu, MIND CTI CEO, commented: "While we are disappointed with our weak revenues in the second quarter we are happy to announce that after quarter end we closed a significant new win. We repeatedly mentioned the hesitance of carriers in the markets we are active in, to commit to large projects of business transformation and the very long sales cycles. Such a long cycle came to completion recently and we expect to recognize the revenue of this multi-million deal mainly during 2017.
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