CTI Group loss widens in first quarter

May 16, 2007
Indianapolis software developer CTI Group Inc. said yesterday that it lost $582,896 in the first quarter, a 26-percent decline from the prior year quarter.

CTI, which focuses on software for enterprise networks and telecommunication services providers, attributed the setback to a reduction in patent income and its Ryder Systems Ltd. acquisition. It is the first full quarter in which CTI has reported results including the British company.
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