Tuesday, May 3, 2011

Solid First Quarter for ATTUF Stock

Solid First Quarter for ATTUF StockDallas, TX 5/3/2011 (Penny PayDay) -- Attunity Ltd. (OTC:ATTUF), a provider of real-time data integration and event capture software, reported today its unaudited financial results for the first quarter of 2011 ended March 31, 2011.

Commenting on the results, Mr. Shimon Alon, Attunity's Chairman and CEO, stated, "We are pleased to begin 2011 with strong results for the first quarter with revenue growth, profitability and a substantially improved cash position. Our direct business and OEM channels continued to perform well during the quarter, while our product development group continues to focus on delivering products that are expected to contribute to our revenue growth this year."

First Quarter 2011 Financial Summary:

- Revenues were $2,958,000, compared to $2,758,000 in the first quarter of 2010, an increase of 7%.

- Net Income was $408,000, compared to a net income of $463,000 in the first quarter of 2010.

- Cash and cash equivalents were approximately $2.4 million as of March 31, 2011, compared to approximately $0.9 million as of December 31, 2010.

Attunity is a provider of real-time data integration and event capture software. The company's product suite includes software solutions such as Attunity Stream(R), a real-time change-data-capture (CDC) software, its Operational Data Replication (ODR) solution and Attunity Connect(R), its real-time connectivity software.

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