Question-and-Answer Session
Operator
(Operator instructions) Our first question comes from the line of Ben Mackovak with Rivanna Capital.
Ben Mackovak – Rivanna Capital
Hi guys. When do you expect to see sequential revenue growth? You said you expected, can you put a timeframe on that?
Ofer Gneezy
We believe that our growth initiatives are beginning to kick in now and our result in the second half as we said will start improving. So, hopefully that improvement will be on those various metrics.
Ben Mackovak – Rivanna Capital
Okay. Can you share with us the exact minutes for the different businesses?
Ofer Gneezy
Yes. We did 3.5 billion minutes in trading, 700 million minutes in outsourcing.
Ben Mackovak – Rivanna Capital
Do you have more granular numbers or is that all we have?
Ofer Gneezy
Yes. That’s all the numbers. We don’t further break it into products or smaller granularity.
Ben Mackovak – Rivanna Capital
Can you talk a little more about the gross margin for the outsource businesses? Are we getting to a point where it's going to stabilize or do you see them continue to decline?
Ofer Gneezy
We have several streams in outsource, some of them are negotiated pricing and some of them are on some declining scale pre-negotiated in our agreement. So, those will step down as in the agreement and the rest of the impact has to do with the mix between the different streams. So if we get more traffic on the higher margin streams, it could improve the margin, if we get more traffic on the lower margin stream, it pulls it down.
Ben Mackovak – Rivanna Capital
Do they step down throughout the life of the contract or is there a point where they just plateau?
Ofer Gneezy
They have one more step down and then they are negotiated prices.
Ben Mackovak – Rivanna Capital
Great quarter and we think about 55 is too low. Thank you.
Ofer Gneezy
Thank you.
Operator
I assure that there are no further questions at this time. I would now like to hand the presentation off to Mr. Ofer Gneezy.
Ofer Gneezy
Thank you, Peggy. And thank you all for attending this call. We appreciate your ongoing support. Good-bye.
Operator
This concludes your conference call. Thank you for your participation today. You may now disconnect.
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