MIND C.T.I. reports Q3 EPS 6c vs. 7c last year.

Reports Q3 revenue $5.3M vs. $7M last year. Monica Iancu, MIND CTI’s Chief Executive Officer, commented: "While we operate in a challenging business environment, we benefit from the long-term successful relationships with our customers. We continue to invest in new technologies, mainly cloud related. We fully support our customers’ 5G deployments and have expanded our platforms to support digital transformations. The online store / e-commerce module that we developed over the last two years was already implemented successfully at our first customer. Our ongoing investment in maintaining up-to-date technology and infrastructure ensures increased security for the customers running our platforms. Exchange rate fluctuations impact our financial results. Currently, the majority of our revenues and of our expenses are denominated in Euros and both were affected by the depreciation of the Euro."