Camelot 2010 Profit Up 71% YoY

Camelot, 3/04/11

Enterprise application services provider Camelot (NYSE: CIS) has announced its financial results for the full year 2010, with net revenues up 63.4% YoY to USD 192.9 mln.

Year-end adjusted net income attributable to Camelot increased 71.0% YoY to USD 31.5 mln from USD 18.4 mln in 2009.

Net revenues from enterprise application services were USD 126.56 mln, up 59.3% YoY from 2009. Net revenues from financial industry IT services were USD 66.31 mln, an increase of 71.9% YoY.

Camelot expects net revenues for the first quarter of 2011 to be approximately USD 50 mln, representing a 41.6% increase YoY from the first quarter of 2010.

To view the complete report please see here.

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

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