QUOTE AND NEWS
Reuters  Mar 26  Comment 
* Says terminates plan to take Camelot Information Systems private as Camelot's shareholders have accepted other merger agreements
StreetInsider.com  Jan 23  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Upgrades/Barclays+Upgrades+Camelot+Information+Systems+%28CIS%29+to+Underweight/9080776.html for the full story.
SeekingAlpha  Dec 27  Comment 
By Yuanxi Zhang: Recommendation: Long Camelot Information Systems (CIS) at $1.94 Target Price: $2.05 Thesis Camelot's go-private deal is likely to close in late January/early February in 2014. We believe the company will announce the exact...
SeekingAlpha  Nov 25  Comment 
Camelot Information Systems Inc. (CIS) Q3 2013 Earnings Call November 25, 2013, 8:00 AM ET Executives John Harmon - CFA and Senior Account Manager, CCG Investor Relations Franklin King - Interim Chief Financial Officer ...
StreetInsider.com  Nov 25  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/Camelot+Information+Systems+%28CIS%29+Misses+Q3+EPS+by+2c/8920935.html for the full story.
Benzinga  Sep 18  Comment 
The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday September 18, 2013 Camelot Information Systems to be Acquired for $2.05/ADS in 'Going Private' Transaction The Deal: Camelot Information Systems...
Benzinga  Sep 18  Comment 
Camelot Information Systems Inc. (NYSE: CIS) ("Camelot" or the "Company"), a leading domestic provider of enterprise application services and financial industry information technology services in China, today announced that it has entered into a...
StreetInsider.com  Aug 22  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/Camelot+Information+Systems+%28CIS%29+Posts+Q2+adj.-Loss+of+16cShare/8626232.html for the full story.
Benzinga  Jun 10  Comment 
Chinese enterprise application services provider Camelot Information Systems (NYSE: CIS) reported first quarter operations Monday that missed analyst expectations on both the top and bottom lines. The company also updated its outlook for the...
StreetInsider.com  Jun 10  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/Camelot+Information+Systems+%28CIS%29+Tops+Q1+EPS+by+5c%3B+Guides+Q2%2C+FY13+Sales/8401606.html for the full story.




 
TOP CONTRIBUTORS

Camelot Information Systems (NYSE :CIS) sells financial industry IT services and enterprise application services in China. According to IDC, a leading independent research firm, Camelot is the largest Chinese based provider of enterprise resource planning services in terms of revenue. The company implements software to improve the efficiency and regulatory compliance of its customers.[1] The company provides these services both directly to the end consumer and indirectly through technology consulting firms such as Accenture (ACN), IBM, and HP.

While Camelot Information Systems is the largest player in the Chinese market as of its IPO, it faces intense competition from outside firms. Organizations such as Tata Consultancy Services and Infosys Technologies have increased their activities in China. In addition, the company is highly dependent on a few large customers, particularly in the Finance Industry. Camelot's 5 largest customers made up 49% of its revenue in 2009.[2]

The company's initial public offering of stock filed on the New York Stock Exchange and went public on 20 July 2010. It was priced at $11, at the bottom of the $11-$13 initial range. The company sold 13.3 million shares and raised $147M.[3] The deal was underwritten by the Asian division of Goldman Sachs Group (GS) and by Barclays (BCS).[4]

The company's revenue has consistently risen from 2007 to 2009. In 2009, the company recorded a revenue of $118M, a 31% rise from 2008. Net Income rose by 40% from $9.3M in 2008 to $13M in 2009.[5] Camelot plans to remain focused in China and expand by offering a broader range of services and by cross selling to its exiting clients.[6]

References

  1. Camelot "About Us" 22 July 2010
  2. CIS 2010 F-1 "Risk Factors" pg. 9-10
  3. Renaissance Capital - IPO "China-based IT services firm Camelot Info prices IPO at the low end" 20 July 2010
  4. Renaissance Capital - IPO "Camelot Information Systems (CIS)"
  5. CIS 2010 F-1 "Summary of Consolidated Financial Data" pg. 6
  6. CIS 2010 F-1 "Our Business Strategy" pg. 2
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