Camelot Q3 2012 Net Loss Shrinks to USD 32 Mln
Camelot, 12/13/12
Enterprise application services provider Camelot Information Systems (NYSE: CIS) has announced its financial results for the three months ended September 30, 2012. Q3 2012 revenues were USD 63.0 mln, an increase of 15.7% YoY from USD 54.5 mln in the third quarter of 2011 and an increase of 1.5% QoQ from Q2 2012.
Net loss attributable to Camelot for the third quarter of 2012 was USD 31.5 mln, as compared to a net loss of USD 46.5 mln in the year-ago quarter.
Enterprise application services (EAS) net revenues increased 1.8% YoY to USD 41.9 mln in the quarter and also increased 1.6% from the prior quarter. The increase in quarterly EAS revenues was primarily due to strength in most sectors, offset by lower revenues from resource and energy customers. EAS revenues amounted to 66.5% of net revenues in the quarter. FIS net revenues increased 58.6% YoY to USD 21.1 mln and increased 1.2% QoQ from the prior quarter. FIS net revenues accounted for 33.5% of the quarter's net revenues.
Camelot expects net revenues in the fourth quarter of 2012 of approximately USD 70 mln, representing a 17.3% increase YoY from the fourth quarter of 2011.
To view the complete report please see here.
Keywords: loss software CIS Camelot Q3 2012 revenue fiscal report
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