Camelot Information Systems Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, net revenues were $59,634,000 against $57,123,000 a year ago. Los from operations was $3,833,000 against $1,613,000 a year ago. Interest income was $213,000 against $349,000 a year ago. Loss before provisions for income tax was $3,635,000 against $1,356,000 a year ago. Net Loss attributable to the company was $4,287,000 or $0.02 per basic and diluted share against $838,000 or $0.00 per basic and diluted share a year ago. Basic and diluted earnings per ADS were $0.09 against $0.02 a year ago. Net cash used in operating activities was $20,040,000 against $16,368,000 a year ago. Purchase of property and equipment was $88,000 against $141,000 a year ago. Purchase of intangible assets and other assets was $56,000. On non-GAAP basis, operating loss was $2,808,000 against operating income of $627,000 a year ago. Net loss was $3,262,000 or $0.02 per diluted share against net income of $1,402,000 or $0.01 per diluted share a year ago. Diluted LPADS was $0.07 against Diluted EPADS $0.03,000 a year ago. For the second quarter of 2013, the company expects net revenues in the second quarter of 2013 of approximately $62 million, roughly flat with the same period in 2012. The company expects an adjusted net income attributable to Camelot of approximately $1.0 million in the second quarter of 2013. For the full year of 2013, the company expects net revenues of approximately $260 million, representing a 2.3% increase from the prior year. The company also expects adjusted net income attributable to Camelot of approximately $5.0 million, representing a 14.4% decrease from the prior year.

Camelot Information Systems Inc. announced that they will report Q1, 2013 results at 9:00 AM, US Eastern Standard Time on Jun 10, 2013

Camelot Information Systems Inc., Q1 2013 Earnings Call, Jun 10, 2013

Camelot Information Systems Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, reported net revenues of $71,852,000 compared to $59,690,000 a year ago. Operating loss was $9.0 million, as compared to an operating loss of $3.2 million in the year-ago quarter. Adjusted operating loss was $2.8 million, as compared to an adjusted operating loss of $1.0 million in the year-ago quarter. Loss before provisions for income tax was $8,816,000 compared to $2,942,000 a year ago. Net loss attributable to the company was $10,626,000 or $0.06 per diluted and diluted share and $0.24 per basic and diluted ADS, compared to net profit attributable to the company of $461,000 or $0.00 per diluted and diluted share and $0.01 per basic and diluted ADS, a year ago. Adjusted net loss attributable to the company was $4,478,000 or $0.03 per diluted and diluted share and $0.10 per basic and diluted ADS, compared to adjusted net profit attributable to the company of $2,724,000 or $0.01 per diluted and diluted share and $0.06 per basic and diluted ADS, a year ago. Net cash from operating activities was $27,457,000 compared to $13,640,000 a year ago. Purchase of property and equipment was $146,000 compared to $203,000 a year ago. For the year, reported net revenues of $254,063,000 compared to $227,120,000 a year ago. Operating loss was $39.0 million in the year, as compared to an operating loss of $43.1 million in the prior year. Adjusted operating income was $7.8 million in the year, as compared to $13.0 million in the prior year. The adjusted operating margin was 3.1% in the year, as compared to 5.7% in the prior year. Loss before provisions for income tax was $38,258,000 compared to $42,848,000 a year ago. Net loss attributable to the company was $40,546,000 or $0.23 per diluted and diluted share and $0.91 per basic and diluted ADS, compared to net loss attributable to the company of $40,824,000 or $0.23 per diluted and diluted share and $0.91 per basic and diluted ADS, a year ago. Adjusted net profit attributable to the company was $6,237,000 or $0.04 per diluted and diluted share and $0.14 per basic and diluted ADS, compared to adjusted net profit attributable to the company of $15,305,000 or $0.09 per diluted and diluted share and $0.34 per basic and diluted ADS, a year ago. Net cash from operating activities was $5,624,000 compared to net cash used in operating activities of $4,801,000 a year ago. Purchase of property and equipment was $668,000 compared to $867,000 a year ago. Purchase of intangible assets and other asset was $1,304,000.

Camelot Information Systems Inc. announced that they will report Q4, 2012 results at 9:00 AM, China Standard Time on Apr 26, 2013