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

Camelot Information Systems Inc., Q4 2012 Earnings Call, Apr 26, 2013