logo
Share SHARE
FONT-SIZE Plus   Neg

Camelot Information Systems Slips To Loss In Q4 - Quick Facts

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

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Alphabet Inc., (GOOG, GOOGL), the parent company of Google, Thursday reported an increase in profit for the second quarter, driven mostly by increase in search and advertising revenues. Earnings and revenues for the quarter trumped Wall Street expectations, sending shares of the company up by 3 percent... Apple Inc. (AAPL) has announced that it recently sold its 1 billionth iPhone, about nine years after the first iPhone was launched. "iPhone has become one of the most important, world-changing and successful products in history. It's become more than a constant companion. iPhone is truly an essential... Fiat Chrysler Automobiles's US will focus on Jeep SUVs and Ram Pickups and plans to stop producing small passenger cars from early next year. The plan to stop Dart and Chrysler 200 production will be effective by first quarter of 2017. The new plans are expected to increase profit margins, as SUVs...
comments powered by Disqus
Follow RTT