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MAJOR CUSTOMERS
9 Months Ended
Oct. 31, 2015
MAJOR CUSTOMERS  
MAJOR CUSTOMERS

NOTE 16 — MAJOR CUSTOMERS

 

The Company’s significant customer relationships included two power industry service customers each of which accounted for 36% of consolidated revenues for the three months ended October 31, 2015, and they accounted for 42% and 41% of consolidated revenues for the nine months ended October 31, 2015. In addition, revenues associated with a new significant customer represented 10% of consolidated revenues for the three months ended October 31, 2015. The Company’s significant customer relationships last year included three power industry service customers which accounted for 44%, 44% and 10% of consolidated revenues for the three months ended October 31, 2014, and 45%, 39% and 14% of consolidated revenues for the nine months ended October 31, 2014.

 

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