Camelot Information Systems Inc Reaffirms FY 2012 Guidance; Issues Q2 2012 Guidance; Net Income Guidance Below Analysts' Estimates

Camelot Information Systems Inc announced that for the second quarter of 2012, it expects net revenues of approximately $62 million, adjusted net income of approximately $3.2 million. For fiscal 2012, the Company continues to expect net revenues of approximately $266 million, adjusted net income of approximately $18 million. According to I/B/E/S Estimates, analysts were expecting the Company to report net income of $5.34 million; revenue of $64.5 million for the second quarter of 2012; net income of $14.7 million on revenues of $260.6 million for fiscal 2012.