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CONCENTRATION OF REVENUES
6 Months Ended
Jul. 31, 2016
CONCENTRATION OF REVENUES  
CONCENTRATION OF REVENUES

 

NOTE 15 — CONCENTRATION OF REVENUES

 

During the three and six months ended July 31, 2016 and 2015, the majority of the Company’s consolidated revenues related to performance by the power industry services segment which provided 88% and 96% of consolidated revenues for the three months ended July 31, 2016 and 2015, respectively, and 86% and 96% of consolidated revenues for the six months ended July 31, 2016 and 2015, respectively.

 

The Company’s significant customer relationships for the three months ended July 31, 2016 included five customers which accounted for approximately 17%, 17%, 16%, 14% and 13% of consolidated revenues, respectively. The Company’s significant customer relationships for the three months ended July 31, 2015 included two customers which accounted for approximately 46% and 44%, respectively, of consolidated revenues for the period.

 

The Company’s significant customer relationships for the six months ended July 31, 2016 included five customers which accounted for approximately 17%, 16%, 14%, 13% and 13% of consolidated revenues, respectively. The Company’s significant customer relationships for the six months ended July 31, 2015 included two customers which accounted for approximately 46% and 45%, respectively, of consolidated revenues for the period.

 

Accounts receivable balances from three major customers as of July 31, 2016 represented 14%, 13% and 10% of the corresponding consolidated balance as of July 31, 2016, and accounts receivable balances from two major customers each represented 27% of the corresponding consolidated balance as of January 31, 2016.