<PAGE>   1
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                UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                    FORM 10-Q

[X] Quarterly Report Pursuant to Section 13 or 15(d) of the Securities
    Exchange Act of 1934

    For the quarterly period ended June 30, 1999

                                       OR

[ ] Transition Report Pursuant to Section 13 or 15(d) of the Securities
    Exchange Act of 1934

    For the transition period from _____________ to ________________


                         Commission file number 0-16569


                             CAM DATA SYSTEMS, INC.
--------------------------------------------------------------------------------
             (Exact name of registrant as specified in its Charter)


            DELAWARE                                            95-3866450
---------------------------------                           --------------------
  (State or other jurisdiction                                 (IRS Employer
of incorporation or organization)                           Identification No.)


       17520 Newhope Street
   Fountain Valley, California                                      92708
----------------------------------------                         ----------
(Address of principal executive offices)                         (Zip code)


                                 (714) 241-9241
--------------------------------------------------------------------------------
               (Registrant's telephone number including area code)


Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days. Yes X   No
                                      ---    ---

As of June 30, 1999 there were 2,170,000 shares of common stock outstanding.

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<PAGE>   2

                             CAM DATA SYSTEMS, INC.

                                      INDEX

PART I Financial Information

Item 1 Condensed Financial Statements:                           Page Number
                                                                 -----------
       o Condensed Balance Sheet at June 30, 1999 and                 3
         September 30, 1998
       o Condensed Statement of Income for three
         months ended June 30, 1999 and 1998                          4
       o Condensed Statement of Income for nine
         months ended June 30, 1999 and 1998                          5
       o Condensed Statement of Cash Flows for
         nine months ended June 30, 1999 and 1998                     6
       o Notes to Condensed Financial Statements                    7-8

Item 2  Management's Discussion and Analysis of Financial
        Condition and Results of Operations                        9-11

PART II  Other Information                                           12
       o Signature Page                                              13



                                       2

<PAGE>   3

PART I. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

                             CAM DATA SYSTEMS, INC.

                             CONDENSED BALANCE SHEET
                           (all figures in thousands)

                                     ASSETS
<TABLE>
<CAPTION>
                                                          JUNE 30         SEPTEMBER 30
                                                            1999              1998
                                                        -----------       ------------
                                                        (Unaudited)
<S>                                                       <C>              <C>

Current assets:
Cash and cash equivalents                                 $  4,081         $  2,812
Accounts receivable, net                                     3,514            3,009
Inventories                                                    810              622
Prepaid expenses                                                74               66
                                                          --------         --------
Total current assets                                         8,479            6,509

Property and equipment, net                                    954              828
Intangible assets, net                                       1,103              984
Other assets                                                   158              181
                                                          --------         --------
Total assets                                              $ 10,694         $  8,502
                                                          ========         ========

                      LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:
Accounts payable                                          $  1,590         $  1,190
Accrued compensation and related expenses                      948              565
Customer deposits and deferred service revenue                 927              524
Accrued installation costs                                     145              135
Other accrued liabilities                                      446              291
                                                          --------         --------
Total current liabilities                                    4,056            2,705

Stockholders' equity:
Common stock, $.001 par value, 5,000,000 shares
   authorized, 2,170,000 shares issued and
   outstanding                                                   2                2
Paid-in capital                                              4,380            4,283
Less notes receivable for purchase of common stock             (17)             (23)
Retained earnings                                            2,273            1,535
                                                          --------         --------
Total stockholders' equity                                   6,638            5,797
                                                          --------         --------
Total liabilities and stockholders' equity                $ 10,694         $  8,502
                                                          ========         ========
</TABLE>

See notes to financial statements


                                       3

<PAGE>   4

                             CAM DATA SYSTEMS, INC.

                          CONDENSED STATEMENT OF INCOME
                (all figures in thousands except per share data)

<TABLE>
<CAPTION>
                                                       THREE MONTHS ENDED
                                                    -----------------------
                                                    JUNE 30         JUNE 30
                                                     1999            1998
                                                    -------         -------
                                                          (Unaudited)
<S>                                                 <C>             <C>
REVENUES
   Net system revenues                              $ 6,606         $ 3,809
   Net service revenues                               1,173           1,119
                                                    -------         -------
Total net revenues                                    7,779           4,928

COSTS AND EXPENSES
   Costs of system revenues                           3,576           2,184
   Costs of service revenues                            639             589
                                                    -------         -------
Total costs of revenues                               4,215           2,773
Selling, general and administrative expenses          2,600           1,615
Research and development expense                        279             317
Interest income                                         (32)            (27)
                                                    -------         -------
Total costs and expenses                              7,062           4,678
                                                    -------         -------
Income before provision for income taxes                717             250
Provision for income taxes                              285              --
                                                    -------         -------
NET INCOME                                          $   432         $   250
                                                    -------         -------
Basic net income per share                          $   .20         $   .12
                                                    -------         -------
Diluted net income per share                        $   .17         $   .12
                                                    -------         -------
Shares used in computing basic
  net income per share                                2,157           2,090

Shares used in computing
  diluted net income per share                        2,522           2,144
</TABLE>


See notes to financial statements

                                       4

<PAGE>   5

                             CAM DATA SYSTEMS, INC.

                          CONDENSED STATEMENT OF INCOME
                (all figures in thousands except per share data)

<TABLE>
<CAPTION>
                                                        NINE MONTHS ENDED
                                                    -------------------------
                                                    JUNE 30          JUNE 30
                                                      1999             1998
                                                    --------         --------
                                                           (Unaudited)
<S>                                                 <C>              <C>
REVENUES
   Net system revenues                              $ 16,203         $ 10,303
   Net service revenues                                3,499            3,236
                                                    --------         --------
Total net revenues                                    19,702           13,539

COSTS AND EXPENSES
   Costs of system revenues                            9,451            6,002
   Costs of service revenues                           1,774            1,760
                                                    --------         --------
Total costs of revenues                               11,225            7,762
Selling, general and administrative expenses           6,548            4,983
Research and development expense                         787              858
Interest income                                          (86)             (84)
                                                    --------         --------
Total costs and expenses                              18,474           13,519
                                                    --------         --------

Income before provision for income taxes               1,228               20
Provision for income taxes                               490               --
                                                    --------         --------
NET INCOME                                          $    738         $     20
                                                    --------         --------

Basic net income per share                          $    .34         $    .01
                                                    --------         --------

Diluted net income per share                        $    .30         $    .01
                                                    --------         --------
Shares used in computing basic
  net income per share                                 2,147            2,090

Shares used in computing
  diluted net income per share                         2,415            2,136
</TABLE>


See notes to financial statements

                                       5

<PAGE>   6

                             CAM DATA SYSTEMS, INC.

                        CONDENSED STATEMENT OF CASH FLOWS
                           (all figures in thousands)

<TABLE>
<CAPTION>
                                                           NINE MONTHS ENDED
                                                        -----------------------
                                                        JUNE 30         JUNE 30
                                                         1999            1998
                                                        -------         -------
                                                              (Unaudited)
<S>                                                     <C>             <C>
Operating activities:
Net income                                              $   738         $    20

Adjustments to reconcile net income to net cash
  provided by operations:

  Depreciation and amortization                             544             368
  Provision for doubtful accounts                            75              15
  Other                                                       6               8
Net changes in operating assets and liabilities             608            (373)
                                                        -------         -------
Net cash provided by operations                           1,971              38
                                                        -------         -------
Investing activities:

Purchase of property, plant and equipment                  (503)           (353)
Capitalized software                                       (296)           (239)
                                                        -------         -------
Cash used in investing activities                          (799)           (592)

Financing activities:

Proceeds from exercise of stock options                      97              --
                                                        -------         -------
Net increase (decrease) in cash and cash
  equivalents                                             1,269            (554)
Cash and cash equivalents at beginning of period          2,812           2,916
                                                        -------         -------
Cash and cash equivalents at end of period              $ 4,081         $ 2,362
                                                        =======         =======
</TABLE>

See notes to financial statements

                                       6

<PAGE>   7

                             CAM DATA SYSTEMS, INC.

                     NOTES TO CONDENSED FINANCIAL STATEMENTS

                                   (Unaudited)

1. BUSINESS DESCRIPTION

CAM Data Systems, Inc. provides total commerce solutions for small to medium
size, traditional as well as web retailers that are based on the company's open
architecture software products for managing inventory, point of sale, sales
transaction processing and accounting. In addition to software, these solutions
often include hardware, installation, training, service and consulting provided
by the company.

PRESENTATION OF CONDENSED FINANCIAL STATEMENTS

The accompanying financial statements of the Company for the three and nine
months ended June 30, 1999 and 1998 are unaudited; in the opinion of management,
all adjustments necessary for a fair presentation of such financial statements
have been included. Such adjustments consisted only of normal recurring items.
Interim results are not necessarily indicative of results for a full year. The
condensed financial statements and notes are presented as permitted by Form
10-Q, and therefore should be read in the conjunction with the Company's annual
report on Form 10-K for the year ended September 30, 1998.

INVENTORIES

Inventories are stated at the lower of cost determined on a first-in, first out
basis, or net realizable value, and are composed of electronic point of sale
hardware and computer equipment used in the sale and service of the Company's
products.

STATEMENTS OF CASH FLOWS

Net changes in operating assets and liabilities as shown in the condensed
statement of cash flows are as follows:

<TABLE>
<CAPTION>


                                                        NINE MONTHS ENDED
                                                     ------------------------
                                                      JUNE 30       JUNE 30
                                                        1999          1998
                                                     ---------      -------
                                                     (all figures in thousands)
<S>                                                    <C>           <C>
(Increase) decrease in:
Accounts receivable                                    $(580)        $(493)
Inventories                                             (188)          (32)
Prepaid expenses and other assets                         25           121

Increase (decrease) in:
Accounts payable                                         400          (169)
Accrued compensation and related expenses                383            49
Accrued installation costs                                10            50
Customer deposits and deferred revenue                   403            69
Accrued liabilities                                      155            32
                                                       -----         -----
Net changes in operating assets and liabilities        $ 608         $(373)
                                                       =====         =====
</TABLE>

Income taxes paid during the nine months ended June 30, 1999 and 1998 were
$400,000 and $3,000, respectively. There was no interest expense paid in the
first nine months of 1999 or 1998.


                                       7

<PAGE>   8

                             CAM DATA SYSTEMS, INC.

                     NOTES TO CONDENSED FINANCIAL STATEMENTS

                                   (Unaudited)

NET INCOME PER SHARE

In 1997, the Financial Accounting Standards Board issued Statement of Financial
Accounting Standards No. 128, Earnings per Share. Statement 128 replaced the
previously reported primary and fully diluted earnings per share with basic and
diluted earnings per share. Unlike primary earnings per share, basic earnings
per share excludes any dilutive effects of options, warrants, and convertible
securities. Diluted earnings per share is very similar to the previously
reported fully diluted earnings per share. All earnings per share amounts for
all periods have been presented, and where necessary, restated to conform to the
Statement 128 requirements. The computation of basic and diluted earnings per
share for the three and nine month periods ended June 30, 1999 and June 30, 1998
are as follows:

<TABLE>
<CAPTION>
                                                              THREE MONTHS ENDED
                                                             ---------------------
                                                             JUNE 30       JUNE 30
                                                              1999          1998
                                                             ------        ------
                                                           (all figures in thousands
                                                             except per share data)
<S>                                                          <C>           <C>
NUMERATOR:
Net income numerator for basic and diluted
  net income per share                                       $  432        $  250
                                                             ------        ------
DENOMINATOR:
Weighted-average shares outstanding                           2,157         2,090
                                                             ------        ------
Denominator for basic net income per share -
  weighted-average shares                                     2,157         2,090

Effect of dilutive securities:
Stock options                                                   365            54
                                                             ------        ------
Denominator for diluted net income per share -
  weighted-average shares and assumed conversions             2,522         2,144
                                                             ------        ------
Basic net income per share                                   $  .20        $  .12
                                                             ------        ------
Diluted net income per share                                 $  .17        $  .12
                                                             ======        ======
</TABLE>

<TABLE>
<CAPTION>
                                                                NINE MONTHS ENDED
                                                             ----------------------
                                                              JUNE 30       JUNE 30
                                                               1999          1998
                                                              ------        ------
<S>                                                           <C>           <C>
NUMERATOR:
Net income, numerator for basic and diluted
  net income per share                                        $  738        $   20
                                                              ------        ------
DENOMINATOR:
Weighted-average shares outstanding                            2,147         2,090
                                                              ------        ------
Denominator for basic net income per share -
  weighted-average shares                                      2,147         2,090
                                                                            ------
Effect of dilutive securities:
Stock options                                                    268            46
                                                              ------        ------
Denominator for diluted net income per share -
  weighted-average shares and assumed conversions              2,415         2,136
                                                              ------        ------
Basic net income per share                                    $  .34        $  .01
                                                              ------        ------
Diluted net income per share                                  $  .30        $  .01
                                                              ======        ======
</TABLE>


                                       8

<PAGE>   9

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
        OF OPERATIONS

                             CAM DATA SYSTEMS, INC.

                     MANAGEMENT'S DISCUSSION AND ANALYSIS OF
                  FINANCIAL CONDITION AND RESULTS OF OPERATIONS

                Three Months Ended June 30, 1999, as Compared to
                        Three Months Ended June 30, 1998


RESULTS OF OPERATIONS

NET REVENUES for the three months ended June 30, 1999, increased 58% to $7.8
million, consisting of a 73% increase in system revenues, and a 5% increase in
service revenues compared to the three months ended June 30, 1998. The increase
in system revenues was due to an increase in sales to existing customers.
Service revenues increased due to higher consulting services in 1999.

GROSS MARGIN for the three months ended June 30, 1999, was 46%, compared to 44%
for the three months ended June 30, 1998. Gross margin on system revenues
increased to 46% for the three months ended June 30, 1999, compared to 43% for
the three months ended June 30, 1998. Gross margin for service revenue was 46%
for the three months ended June 30, 1999, compared to 47% for the three months
ended June 30, 1998. The margin increase in system revenues was a result of a
higher ratio of software sales and revenue for installation services compared to
hardware sales, this sales mix yielded a higher gross margin. The decrease in
gross margin for service revenue is related to an increase in labor costs due to
the staffing of open positions for technical support personnel.

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES expressed as a percentage of net
revenues for the three month period ended June 30, 1999 and 1998, was 33%.
Selling, general and administrative expenses for the three months ended June 30,
1999, increased 61% to $2.6 million, from the three months ended June 30, 1998.
The increase was related to increases in bad debt expense, payroll expense, and
commission expense related to higher sales volume.

RESEARCH AND DEVELOPMENT EXPENSE decreased 12% to $279,000 for the three month
period ended June 30, 1999, from $317,000 for the same period in 1998. The
decrease for the period was attributed to a higher capitalization rate in
research and development expenses in 1999.

INCOME TAXES, the effective tax rate was 40% for the three months ended June 30,
1999. There was no income tax expense booked for the three months ended June 30,
1998, due to the loss incurred during the first six months of fiscal 1998.

                 NINE MONTHS ENDED JUNE 30, 1999, AS COMPARED TO
                         NINE MONTHS ENDED JUNE 30, 1998

RESULTS OF OPERATIONS

NET REVENUES for the nine months ended June 30, 1999, increased 46% to $19.7
million, consisting of a 57% increase in system revenues, and an 8% increase in
service revenues compared to the nine months ended June 30, 1998. The increase
in system revenues was due to an increase in sales to existing customers.
Service revenues increased due to higher consulting services in 1999.

GROSS MARGIN. for the nine months ended June 30, 1999 and 1998 was 43%. Gross
margin on system revenues remained constant at 42% for the nine months ended
June 30, 1999 and 1998. Gross margin for service revenue was 49% for the nine
months ended June 30, 1999, compared to 46% for the nine months


                                       9


<PAGE>   10

ended June 30, 1998. The gross margin on system revenues remained constant. The
increase in gross margin for service revenue is related to the decrease in labor
costs due to unstaffed positions for technical support personnel during 1999.

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES expressed as a percentage of net
revenues decreased for the nine month period ended June 30, 1999 was 33%
compared to 37% for the nine months ended June 30, 1998. Selling, general and
administrative expenses for the nine months ended June 30, 1999, increased 31%
to $6.5 million, from the nine months ended June 30, 1998. The increase was
related to increases in bad debt expense, payroll expense, telephone expense,
and commission expense related to higher sales volume.

RESEARCH AND DEVELOPMENT EXPENSE decreased 8% to $787,000 for the nine month
period ended June 30, 1999, from $858,000 for the same period in 1998. The
decrease for the period was attributed to a higher capitalization rate in
research and development expenses in 1999.

INCOME TAXES, the effective tax rate was 40% for the nine months ended June 30,
1999. There was no income tax expense booked for the first nine months ended
June 30, 1998, due to the Company being at close to a breakeven profit level.

LIQUIDITY AND CAPITAL RESOURCES The Company's cash and cash equivalents totaled
$4.1 million on June 30, 1999, compared to $2.8 million on September 30, 1998.
The Company generated $2 million from operations, expended $800,000 for fixed
assets and capitalized software development during the nine months ended June
30, 1999, compared to a breakeven cash flow from operations, and expended
$600,000 for fixed assets and capitalized software development during the nine
months ended June 30, 1998.

The Company has no significant commitments for expenditures. Management believes
the Company's existing working capital, coupled with funds generated from the
Company's operations, will be sufficient to fund its presently anticipated
working capital requirements for the foreseeable future.

Inflation has had no significant impact on the Company's operations.

YEAR 2000 ISSUE

We have developed a plan to modify our information technology to recognize the
year 2000 and we are converting our critical data processing systems. We
currently expect the project to be substantially complete by late fall and to
cost between twenty-five and fifty thousand dollars. This estimate includes
internal costs, but excludes the costs to upgrade and replace systems in the
normal course of business. We do not expect this project to have a significant
effect on operations. As of June 30, 1999, approximately $30,000 has been
expended on this project. We will continue to implement systems with strategic
value though some projects may be delayed due to resource constraints.

The Company has relationships with various third parties on whom it relies to
provide goods and services. These include suppliers and vendors. As part of its
determination of Year 2000 readiness, the Company has identified material
relationships with third party vendors, and is in the process of assessing the
status of their compliance through the use of inquiries and review of hardware
and software documentation. Due to the broad diversification of these vendors,
the risk associated with potential business interruption as a result of year
2000 non-compliance by one or more vendors is not considered significant.

It is anticipated that the steps the Company has taken and is continuing to take
to deal with the year 2000 issue will reduce the risk of significant business
interruptions, but there is no assurance that this outcome will be achieved.
Failure to detect and correct all internal instances of non-compliance or the
inability of third parties to achieve timely compliance could result in the
interruption of normal business operations which could, depending on its
duration, have an adverse effect on the Company.


                                       10


<PAGE>   11

This Item II section contains certain forward looking statements regarding the
Company, its business, liquidity, prospects and results of operations that are
subject to certain risks and uncertainties posed by many factors and events that
could cause the Company's actual business, liquidity, prospects and results of
operations to differ materially from those that may be anticipated by such
forward looking statements. All statements contained herein that are not
historical facts, including but not limited to, statements regarding anticipated
future revenue and expense levels, and capital requirements, and the Company's
ability to generate cash from operations, are forward looking statements based
on current expectations. No assurances can be given that events or results
mentioned in any such forward looking statements will in fact occur. Readers are
cautioned not to place undue reliance on any forward looking statements, which
speak only as of the date of this report. The Company undertakes no obligation
to revise any forward looking statements in order to reflect events or
circumstances that may subsequently arise. Readers are urged to carefully review
and consider the various disclosures made by the Company in this report and in
the Company's other reports filed with the Securities and Exchange Commission.



                                       11

<PAGE>   12

                             CAM DATA SYSTEMS, INC.

                          PART II - OTHER INFORMATION

Items 1 -- 3  Not Applicable

Item 4        Submission of Matters to a Vote of Security Holders

On May 6 1999, the Company held its annual meeting of shareholders. The
following items were voted upon at the annual meeting with the results of the
voting:

1. The re-election of six persons to serve on the Company's Board of Directors.
The term shall be until the next meeting of shareholders in 2000.


<TABLE>
<CAPTION>
                                                  VOTES
                           ----------------------------------------------
                               For               Against          Abstain
                           ---------             -------          -------
<S>                        <C>                   <C>              <C>
Geoffrey D. Knapp          1,502,800                --               --
Walter Straub              1,502,800                --               --
David Frosh                1,502,800                --               --
Corley Phillips            1,502,800                --               --
Fredrick Haney             1,502,800                --               --
Scott Broomfield           1,502,800                --               --
</TABLE>

2. The confirmation of Ernst & Young as the independent auditors of the Company.

<TABLE>
<CAPTION>
                                                  VOTES
                           ----------------------------------------------
                               For               Against          Abstain
                           ---------             -------          -------
<S>                        <C>                     <C>              <C>
                           1,891,500               650              100
</TABLE>


Items 5       Not Applicable

Item 6        Exhibits and Reports on Form 8-K

(A) Exhibits: Exhibit 27 -- Financial Data Schedule

(B) Reports on Form 8-K --  None


                                       12

<PAGE>   13

                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                          CAM DATA SYSTEMS, INC.
                                          (Registrant)

Date: August 9, 1999                      By /s/ PAUL CACERES JR.
                                             -----------------------------------
                                                 Paul Caceres Jr.
                                                 Chief Financial and
                                                 Accounting Officer




                                       13

<PAGE>   14

                                 EXHIBIT INDEX

           EXHIBIT
           NUMBER          DESCRIPTION
           -------         -----------
             27            Financial Data Schedule