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As I work through my research every day, I have come to realize that I constantly navigate back to tech stocks. They intrigue me with their inspirational start-up stories to the amazing growth these companies produce. Here are five Tech companies worth watching …

Camelot Information Systems, Inc. (CIS) is a leading provider of world-class business solutions and IT services to the top 500 business corporations and financial institutions in mainland China, Taiwan, Hong Kong and Japan through a network of 28 regional/local subsidiaries. Over the years, Camelot has been actively expanding its solution and service offerings through sustainable investments in developing proprietary solutions and establishing strategic partnerships with leading international IT product providers.

Camelot reported financial results for the first quarter ended March 31, 2011 with net revenues increasing 51.7 percent year/year to $53.6 million, compared to $35.3 million in the first quarter of 2010 and adjusted diluted earnings at $0.10, as compared to diluted earnings of $0.09 in the first quarter of 2010. On May 20, 2011, the company announced that it renewed its contract with IBM for an additional four-year term relating to the delivery center, developed by Camelot and focused on enterprise application software and services.

Mr. Simon Ma, Camelot's Chairman and CEO, commented, "We are pleased to report a strong start in 2011, with first-quarter results exceeding our revenue and earnings guidance, even though the first quarter is seasonally the slowest for our IT clients. We expect the pace of deliveries to pick up in the second quarter and to accelerate in the second half of the year, which is consistent with historical business patterns."

Also in May, Camelot announced that its Board of Directors authorized a share repurchase program of up to $20 million running through the end of 2011. The repurchases will be funded from the Company's available cash balance, which was $118.9 million as of March 31, 2011.

Citrix Systems, Inc. (CTXS) is the leading provider of virtualization, networking and software as a service technologies company for more than 230,000 organizations worldwide. The Citrix Delivery Center, Citrix Cloud Center (C3) and Citrix Online Services product families radically simplify computing for millions of users, delivering applications as an on-demand service to any user, in any location on any device. Citrix customers include the world's largest Internet companies, 99 percent of Fortune Global 500 enterprises and hundreds of thousands of small businesses worldwide. Citrix partners with over 10,000 companies worldwide in more than 100 countries.

Citrix reported financial results for the first quarter ended March 31, 2011 with revenue of $491 million, compared to $414 million in the first quarter of fiscal 2010, representing 18 percent revenue growth. Net income was $74 million, or $0.38 per diluted share, compared to $47 million, or $0.25 per diluted share, for the first quarter of 2010.

"I'm pleased with our results for the first quarter," said Mark Templeton, President and CEO for Citrix. "Customer demand was solid across our core SaaS, desktop and networking markets, especially in the Americas and Pacific, supported by large, strategic technical services engagements. Clearly, the industry is rapidly moving from "PC era" to "cloud era," where users are demanding -- and CIOs are embracing -- the consumerization of IT. We're driving the transition with products that change how people collaborate, how desktops are delivered, and how delivery networks are built. This transformation is elevating our presence as a strategic vendor, increasing our engagement with C-level executives, and driving more interest in our virtual computing platform."

Citrix also announced that its board of directors authorized it to repurchase up to an additional $500 million of its common stock. As of March 31, 2011, approximately $11.5 million remained for repurchases from previous authorizations.

Cover-All Technologies, Inc. (COVR) through its subsidiary, Cover-All Systems, Inc., provides software products, services and solutions to the property and casualty insurance industry. Its software products and services focus on the functions required to market, underwrite, rate, issue, print, bill and support the life cycle of insurance policies. In addition, it offers on-going support services, including incorporating recent insurance rate and rule changes in its solutions, as well as analyzing the changes, developments, quality assurance, documentation and distribution of insurance rate and rule changes. Cover-All Technologies serves insurance companies, agents, brokers and managing general agents.

Cover-All reported financial results for the quarter ended March 31, 2011 with revenue of $5.2 million compared to $3.8 million for the comparable period in 2010, an increase of 38.5 percent. The $5.2 million in revenue was the second-highest quarterly level in Cover-All's history. The Company's balance sheet remains strong with stockholders' equity at a record $16.6 million as of March 31, 2011. The Company completed the first quarter of 2011 with $4.4 million in cash, $5.5 million in working capital and no long-term debt.

John Roblin, Chairman of the Board of Directors and CEO for Cover-All, commented, "Our focus in 2011 is expansion and profitable growth. These first quarter results represent a very strong start to what we believe will be a great year. Quarterly revenues grew 38.5% from the year-ago period and operating income increased 56.2%, demonstrating that we are successfully leveraging our technology and human capital to create products that are creating excitement in the marketplace."

Responsys, Inc. (MKTG) is a leading provider of on-demand marketing software and professional services that enable companies to engage in relationship marketing across the interactive channels that consumers are embracing today, email, mobile, social and the web.

Its software, the Responsys Interact Suite, provides marketers with an integrated set of applications to create, execute, optimize and automate marketing campaigns across these key interactive channels. Their professional services, in tandem with their software, are focused on enabling the marketing success of our customers.

Responsys, Inc. reported financial results for the quarter ended March 31, 2011 with a total revenue increase of 56 percent to $30.1 million, up from $19.4 million in the first quarter of 2010. Diluted GAAP net income attributable to common stockholders for the first quarter of 2011 was $0.3 million, or $0.02 per share on a diluted basis, compared to $0, or $0.00 per share on a diluted basis for the first quarter of 2010.

"We began 2011 with strong momentum as leading companies continue turning to Responsys for help executing highly effective relationship marketing programs across today's key interactive channels — email, mobile, social and the web. Responsys' market-leading solutions not only help our customers generate solid returns from their investment, they also enable them to engage their own customers in a much more automated and individualized way," said Dan Springer, CEO of Responsys."

VMWare, Inc. (VMW) delivers virtualization and cloud infrastructure solutions that enable IT organizations to energize businesses of all sizes. With the industry leading virtualization platform, VMware vSphere, customers rely on VMware to reduce capital and operating expenses, improve agility, ensure business continuity, strengthen security and go green. With more than 250,000 customers and 25,000 partners, VMware is the leader in virtualization, which consistently ranks as a top priority among CIOs.

VMWare, Inc. reported financial results for the first quarter of 2011 with revenues at $844 million, an increase of 33 percent from the first quarter of 2010. Net income was $126 million, or $0.29 per diluted share, compared to $78 million, or $0.19 per diluted share, for the first quarter of 2010.

"The quarter's strong performance underscores the value that VMware is providing customers on their journey to cloud computing," said Paul Maritz, CEO for VMWare. "Customers continue to invest in our portfolio of virtualization and cloud infrastructure solutions to remove complexity and enable IT as a Service."

VMWare also recently acquired Socialcast, a leading provider of social collaboration solutions for the enterprise, and entered into a definitive agreement to acquire Shavlik Technologies, a leading provider of easy-to-use, effective cloud-based IT management solutions for small and medium businesses (SMBs).

With the recent pullback in Technology, these stocks have held up very well and look very attractive for any portfolio holding long positions.

Source: Top 5 Tech Companies Worth Watching