Oxford, MS 8/16/2011 (PennyPayDay) – Attunity Ltd. (OTC:ATTUF), a provider of real-time data integration and event capture software, last week announced, in a press release, its unaudited financial results for the quarter ended June 30, 2011. As I write, shares of ATTUF were flat at $0.58 per share on no volume.Total revenues for the second quarter of 2011 increased 20% to $3,049,000, compared to $2,544,000 in the second quarter of 2010.
Net income for the second quarter of 2011 increased 235% to $178,000, or $0.01 per diluted share, compared to $53,000, or $0.00 per diluted share, in the second quarter of 2010.
Cash and cash equivalents were approximately $1.9 million as of June 30, 2011, compared to approximately $2.4 million as of March 31, 2011.
"We continue to report solid financial results with total revenue increasing by approximately 20% for the second quarter compared to last year. The growth in the second quarter was primarily due to strong direct sales of software licenses as well as strong demand from companies worldwide for real-time data integration," stated Mr. Shimon Alon, Attunity's Chairman and CEO. "We have maintained a strong pattern of growth through the successful implementation of our strategy to be a leading supplier of data integration and event capture software, supporting the ever growing need for companies to have real-time access to their information. The next phase of our strategy is geared towards penetrating larger markets of cloud computing and application replication. As part of this phase, we have made ongoing investments into R&D, and are currently planning to launch several new products into the market by year-end."
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