Camelot Q3 2010 Profit Up 50% YoY

Camelot, 11/18/10

Enterprise application services provider Camelot (NYSE: CIS) has announced its financial results for the third quarter of 2010, with net revenues up56.6% YoY to USD 53.5 mln.

Adjusted net income attributable to Camelot for the third quarter increased 49.5% YoY to USD 10.4 mln from USD 6.9 mln in the third quarter of 2009.

Net revenues from enterprise application services were USD 28.94 mln, up 47.9% YoY from Q3 2009. Net revenues from financial industry IT services were USD 18.62 mln, an increase of 76.1% YoY.

Camelot expects net revenues for Q4 2010 to be approximately USD 53 mln, representing a 32% increase YoY from Q4 2009.

To view the complete report please see here.

Keywords: application profit software CIS IT services Q3 2010 Camelot revenue fiscal report

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