Camelot Records 2011 Loss of USD 41 Mln
Camelot, 3/23/12
Enterprise application services provider Camelot Information Systems (NYSE: CIS) has announced its financial results for the full year 2011, with net revenues up 17.8% YoY to USD 224.1 mln.
Net loss attributable to Camelot for the full year 2011 was USD 40.8 mln, as compared to a net income of USD 18.6 mln in the full year 2010.
Net revenues from enterprise application services were USD 159.2 mln, up 25.8% YoY from the full year 2010. Net revenues from financial industry IT services were USD 67.9 mln, up 2.5% YoY.
Camelot expects net revenues for first quarter of 2012 to be approximately USD 57 mln, representing a 6.4% increase YoY from the first quarter of 2011.
To view the complete report please see here.
Keywords: 2011 application loss software CIS IT services Camelot revenue fiscal report
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