Camelot Q2 2011 Profit Down 15% YoY

Camelot, 8/18/11

Enterprise application services provider Camelot Information Systems (NYSE: CIS) has announced its financial results for the second quarter of 2011, with net revenues up 34.8% YoY to USD 59.4 mln.

Net income attributable to Camelot for the second quarter fell 14.5% YoY to USD 2.9 mln from USD 3.4 mln in the second quarter of 2010.

Net revenues from enterprise application services were USD 42.0 mln, up 45.3% YoY from Q2 2010. Net revenues from financial industry IT services were USD 17.38 mln, an increase of 14.9% YoY.

Camelot expects net revenues for the third quarter 2011 to be approximately USD 63 mln, representing a 17.8% increase YoY from the third quarter of 2010.

To view the complete report please see here.

Keywords: application profit software CIS IT services Q2 2011 Camelot revenue fiscal report

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