QualityStocks News - Attunity Reports Q4, FY2011 Results

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Attunity posts significant increases across the board, led by strong revenues growth

We are pleased to have exceeded our goals and expectations for 2011, which includes achieving our fifth consecutive quarter of revenue growth

QualityStocks would like to highlight Attunity Ltd., a publicly traded company. Attunity is a leading provider of real-time data integration software that enables access, sharing and distribution of data across heterogeneous enterprise platforms, organizations, and the cloud. The company’s offering includes software solutions such as data replication, real-time change data capture (CDC) and real-time data connectivity, as well as enterprise file replication and managed-file-transfer (MFT) offered through our RepliWeb division.

In the company’s news yesterday,

Attunity Ltd. reported its unaudited financial results for the fourth quarter and year ended December 31, 2011, highlighting the company’s fifth consecutive quarter of license and total revenues growth.

“We are pleased to have exceeded our goals and expectations for 2011, which includes achieving our fifth consecutive quarter of revenue growth. This growth was partially driven by the launch and market acceptance of Attunity’s replication products; an increase in the size of client agreements; the strategic large-scale distribution agreements we have entered or renewed with Microsoft and other world leading software companies and the expansion of our portfolio of solutions following the recent acquisition of RepliWeb. This was achieved while we also significantly reduced our debt load, thereby allowing us to continue to invest in our business,” Shimon Alon, Attunity’s chairman and CEO stated in the press release.

Total revenues for the fourth quarter of 2011 increased 121 percent to $5.7 million, compared to $2.6 million reported for the same period of 2010. This included license revenues for the fourth quarter of 2011, which increased 156 percent to $3.2 million, compared to $1.2 million for the same period of 2010.

The company reported a net operating loss for the fourth quarter of 2011 at $14,000, a decrease of over the loss of $126,000 reported for the same period of 2010. Non-GAAP net operating income for the fourth quarter of 2011 was $767,000, compared to $248,000 for the same period last year.

Net loss for the fourth quarter of 2011 decreased to $412,000, or ($0.01) per share, from a net loss of $1.1 million, or ($0.04) per share, in the fourth quarter of 2010. Non-GAAP net income for the fourth quarter of 2011 was $728,000 compared to $105,000 for the same period last year.

Full year 2011 total revenues increased 51 percent to $15.2 million, compared to $10.1 million in full year 2010. This included license revenues, which increased by 75 percent to $8.1 million in 2011, compared to $4.6 million reported in 2010.

Net operating income loss for 2011 was $70,000, compared to a loss of $43,000 for 2010. Non-GAAP net operating income for 2011 was $2.2 million, compared to $1.3 million for the same period last year.

Attunity’s net loss for 2011 decreased to $815,000, or ($0.02) per share, compared to a loss of $1.5 million, or ($0.05) per share, in 2010. Non-GAAP net income for 2011 excludes a total of $2.3 million in expenses and amortization related to the company’s acquisition of RepliWeb.

The company reported cash and cash equivalents of $1.5 million as of December 31, 2011, compared to $872,000 as of December 31, 2011.

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Forward-Looking Statement:
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.

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