YOQNEAM, Israel, May 08, 2024 (GLOBE NEWSWIRE) -- MIND C.T.I. LTD. – (NASDAQGM:MNDO), a leading provider of convergent end-to-end prepaid/postpaid billing and customer care product-based solutions for service providers, enterprise solutions for unified communications analytics and call accounting solutions as well as enterprise messaging solutions, today announced results for its first quarter ended March 31, 2024. The following will summarize our major achievements in the first quarter of 2024, as well as our business. The financial results can be found in the Company News section of our website at http://www.mindcti.com/company/news/ and in our Form 6-K. Financial Highlights Revenues were $5.8 million, compared with $5.5 million in the first quarter of 2023. Operating income was $1.2 million, or 22% of total revenues, compared with $1.3 million, or 24% of total revenues in the first quarter of 2023. Net income was $1.3 million, or $0.07 per share, same as in the first quarter of 2023. Cash flow from operating activities was $0.9 million, compared with $0.6 million in the first quarter of 2023. Multiple follow-on orders. Cash position was $17.4 million as of March 31, 2024 (before the dividend distribution of $4.9 million in April 2024). Monica Iancu, MIND CTI's Chief Executive Officer, commented: "Our messaging segment was favorably impacted this quarter by larger than usual customer campaigns. In our billing segment, we continue to invest in new technologies, mainly to ...