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Attunity Reports Fourth Quarter And Full Year 2012 Financial Results

Stocks in this article: ATTU ATTUD

BURLINGTON, Massachusetts, January 30, 2013 /PRNewswire/ --

Attunity, Ltd.  (NASDAQ CM: ATTU), a leading provider of information availability software solutions, today reported its unaudited financial results for the three month period and year ended December 31, 2012.

Financial Highlights for the Fourth Quarter of 2012

  • Total revenues increased 24% to $7.1 million in the fourth quarter of 2012, compared to $5.7 million for the same period last year
  • License revenues increased 34% to $4.3 million in the fourth quarter of 2012, compared to $3.2 million for the same period last year
  • Operating income increased to $0.9 million in the fourth quarter of 2012, compared to an operating loss of ($14,000) for the same period last year  
  • Non-GAAP operating income increased 82% to $1.4 million in the fourth quarter of 2012, compared to $0.8 million for the same period last year
  • Net income increased to $1.1 million in the fourth quarter of 2012, compared to a loss of ($0.4) million for the same period last year
  • Non-GAAP net income increased 100% to $1.5 million in the fourth quarter of 2012, compared to $0.7 million for the same period last year

Financial  Highlights for the Year Ended December 31, 2012

  • Total revenues increased 68% to $25.5 million in 2012, compared to $15.2 million in 2011
  • License revenues increased 77% to $14.4 million in 2012, compared to $8.1 million in 2011
  • Operating income increased to $2.5 million in 2012, compared to $70,000 in 2011
  • Non-GAAP operating income increased 97% to $4.4 million in 2012, compared to $2.2 million in 2011
  • Net income increased to $1.5 million in 2012, compared to a loss of $0.8 million in 2011
  • Non-GAAP net income increased 175% to $4.1 million in 2012, compared to $1.5 million in 2011
  • Shareholders' equity increased to $9.6 million as of December 31, 2012 compared to $5.2 million as of December 31, 2011

Recent Operational Highlights

  • Record quarterly revenues in the fourth quarter of 2012 for Attunity Replicate, partially attributable to signing major customer agreements across all regions and several industries, including a leading global semiconductor corporation, a large financial services institution, several healthcare organizations and a leading online E-commerce vendor. Closed several competitive wins with Attunity Replicate for EMC Greenplum for Big Data analytics, as well as for Oracle Exadata.
  • Launched commercial availability of Attunity CloudBeam, a fully-managed data transfer platform, with several solutions for Amazon Web Services (AWS) cloud storage.
  • Introduced new solution for Hadoop to accelerate Big Data collection and integration based on Attunity Managed File Transfer (MFT) software.

"We are excited to report a 100% increase in non-GAAP net income for the fourth quarter, which was driven by a 34% increase in license revenues.  This quarter's financial results reflect a surge in demand for both Attunity Replicate and Attunity MFT solutions as we continue to increase our sales and marketing efforts, and continue to ramp up several strategic partnerships and strategic alliances," stated Shimon Alon, Chairman and CEO of Attunity. "Since launching Attunity Replicate earlier this year, we have closed over 20 deals worldwide across several industries, including financial services, semiconductor, and healthcare.  As a result, Attunity Replicate is now recognized as a leading replication software solution for customers and partners with Big Data initiatives."

"Since launching Attunity Replicate, our collaborations with leading data warehouse vendors gave us the ability to sell into their extensive customer bases and led directly to closing new customer agreements. We expect to close additional deals with these large scale data warehouse companies in the upcoming quarters. For example, our EMC Greenplum integration presented us with important opportunities, closing some this quarter and targeting others in 2013."

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