Camelot Information Systems Inc. (CIS) reported that its fourth-quarter net loss attributable to the company was $10.6 million, compared to net income of $0.5 million in the year-ago quarter. Loss per ADS for the quarter was $0.06, compared to profit of $0.01 per ADS last year.
Adjusted net loss attributable to Camelot was $4.5 million, as compared to adjusted net income of $2.7 million in the year-ago quarter.
Adjusted net income includes $3.9 million in compensation received in exchange for shares in a subsidiary.
Net revenues were $71.9 million in the fourth quarter of 2012, an increase of 20.4% from $59.7 million in the fourth quarter of 2011.
by RTT Staff Writer
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