Camelot Records Q3 2011 Loss of USD 47 Mln
Camelot, 11/30/11
Enterprise application services provider Camelot Information Systems (NYSE: CIS) has announced its financial results for the third quarter of 2011, with net revenues up 1.9% YoY to USD 54.5 mln.
Net loss attributable to Camelot for the third quarter was USD 46.5 mln, as compared to a net income of USD 6.9 mln in the third quarter of 2010.
Net revenues from enterprise application services were USD 41.1 mln, up 18.0% YoY from Q3 2010. Net revenues from financial industry IT services were USD 13.3 mln, down 28.5% YoY.
Camelot expects net revenues for the full year 2011 to be approximately USD 225 mln, representing a 16.7% increase YoY from the full year 2010.
To view the complete report please see here.
Keywords: application loss software CIS IT services Camelot Q3 2012 revenue fiscal report
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