Attunity Reports Second Quarter 2012 Results Total Revenues Increased 110% to $6.4 Million; Net Income Increased 185% to $0.5 Million

Represents the seventh consecutive quarter of license and total revenue growth Total revenues increased 110% to $6.4 million in the second quarter of 2012, compared to $3.0 million for the same period last year License revenues increased 121% to $3.6 million in the second quarter of 2012, compared t...

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Bibliographic Details
Published inPR Newswire
Format Newsletter
LanguageEnglish
Published New York PR Newswire Association LLC 25.07.2012
Subjects
Big Data
Compensation
Data replication
Data warehouses
Digital archives
Equity
Fair value
Financial performance
GAAP
Net income
Product introduction
Shareholders equity
Software
Software development
Stock splits
Stockholders
Webcasting
BURLINGTON, Massachusetts
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Summary:Represents the seventh consecutive quarter of license and total revenue growth Total revenues increased 110% to $6.4 million in the second quarter of 2012, compared to $3.0 million for the same period last year License revenues increased 121% to $3.6 million in the second quarter of 2012, compared to $1.6 million for the same period last year Net income increased 185% to $508,000 in the second quarter of 2012, compared to $178,000 for the same period last year Non-GAAP net income increased 786% to $1.2 million in the second quarter of 2012, compared to $139,000 for the same period last year Shareholders' equity increased to $6.8 million as of June 30, 2012 compared to $5.2 million as of December 31, 2011 Recent Operational Highlights: Attunity expects to list on the NASDAQ Capital Market on Thursday, July 26, 2012, subject to final approval by NASDAQ Became a partner with Amazon Web Services (AWS) to enable Big Data availability in the Cloud and overcome the data transfer bottleneck in moving data to, from, and across cloud environments through the introduction of the Attunity CloudBeam SaaS platform Teamed with EMC to optimize Attunity Replicate for the EMC Greenplum data warehouse to enable Big Data replication, leveraging Big Data for a combined Enterprise Analytics solution Continuous strong market acceptance of Attunity Replicate platform with several major wins this quarter in competitive environments Expansion of Big Data products with the release of Attunity Replicate for Actian-Vectorwise, a large-scale data warehouse for Big Data analytics Attunity Replicate named winner in the "Best of TechEd 2012" awards by Penton Media's SQL Server Pro Magazine Earned top distinction as "Innovator" in New Managed File Transfer Vendor Landscape Report Commenting on the results for the second quarter, Mr. Shimon Alon, Chairman and CEO of Attunity, stated, "We are pleased with our financial results, and with the increased traction of our replication solutions in today's information availability market, as we achieved our seventh consecutive quarter of revenue growth.