Camelot Posts Q1 2012 Loss of USD 1 Mln
Camelot, 5/22/12
Enterprise application services provider Camelot Information Systems (NYSE: CIS) has announced its financial results for the first quarter of 2012, with net revenues up 6.6% YoY to USD 57.1 mln.
Net loss attributable to Camelot for the first quarter was USD 0.8 mln, as compared to a net income of USD 2.3 mln in the first quarter of 2011.
Net revenues from enterprise application services were USD 39.6 mln, up 8.8% YoY from the first quarter of 2011. Net revenues from financial industry IT services were USD 17.8 mln, up 2.1% YoY.
Camelot expects net revenues in the second quarter of 2012 to be approximately USD 62 mln, representing a 4.4% increase YoY from the second quarter of 2011.
To view the complete report please see here.
Keywords: application loss software CIS IT services Q1 2012 Camelot revenue fiscal report
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