logo
Plus   Neg
Share
Email

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 RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
In a signing ceremony for a bill rolling back regulations on small and medium-sized banks, President Donald Trump suggested Thursday he would also consider cutting regulations on larger financial institutions. Trump claimed complex and costly regulations implemented following the 2008 financial crisis... Shares of Hong Kong-listed Samsonite International S.A., the world's biggest luggage maker, tumbled almost 10 percent in Thursday's trading after a short seller issued a report saying that the company suffered from questionable accounting practices and poor corporate governance. Trading in Samsonite's shares were halted after the report was released. In a move likely to add to concerns about the possibility of a global trade war, the Commerce Department has initiated an investigation into whether imports of automobiles and parts threaten to impair U.S. national security. Commerce Secretary Wilbur Ross launched the investigation under Section 232...
Follow RTT