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MAJOR CUSTOMERS
6 Months Ended
Jul. 31, 2015
MAJOR CUSTOMERS  
MAJOR CUSTOMERS

 

NOTE 15 — MAJOR CUSTOMERS

 

During the three and six months ended July 31, 2015 and 2014, the majority of the Company’s consolidated revenues related to services that were provided to the power industry. Revenues from power industry services accounted for approximately 96% and 98% of consolidated revenues for the three months ended July 31, 2015 and 2014, respectively, and approximately 96% and 98% of consolidated revenues for the six months ended July 31, 2015 and 2014, respectively, as well.

 

The Company’s significant customer relationships included two power industry service customers which accounted for approximately 46% and 44%, respectively, of consolidated revenues for the three months ended July 31, 2015, and approximately 46% and 45%, respectively, of consolidated revenues for the six months ended July 31, 2015. The Company’s significant customer relationships last year included three power industry service customers which accounted for approximately 51%, 33% and 14%, respectively, of consolidated revenues for the three months ended July 31, 2014. These three largest customers provided approximately 47%, 34% and 17%, respectively, of consolidated revenues for the six months ended July 31, 2014.

 

Accounts receivable from the two major customers for the current year represented 42% and 41% of the corresponding consolidated balance as of July 31, 2015, respectively, and they represented 50% and 45% of the corresponding consolidated balance as of January 31, 2015, respectively.