Mind CTI reports 34% rise in fourth quarter revenue.

(From Israel Business Arena)

Byline: Globes correspondent

Billing, mediation, and CRM systems company Mind CTI (Nasdaq: MNDO; TASE: MNDO) reported a profit of $2.14 million, or $0.10 per share, on revenue of $4.88 million in the fourth quarter of 2004. Revenue was 34% higher than in the fourth quarter of 2003.

For 2004 as a whole, Mind reported a net profit of $6.88 million, or $0.32 per share, on revenue of $17.8 million. Revenue was 38% higher than in 2003, and earnings per share 88% higher. At the end of 2004, the company had $48.9 million cash.

Mind president and CEO Monica Eisinger said, "During 2004 we continued to successfully …