Yeah, and if you team is doing well you gain 'contracts' which gives you bonus for certain games types. Like +5% exp on Sabotage. Or -5% cooldown on tactical strike in Demolition.
If I've understood correctly, It shows who is leading in the current game mode
the team with 2 contracts next to their logo was the winner of the last round and the team with 1 contract was the second. Both get a certain bonus to the next round.