(Attunity:ATTU) Q2 2013 Numbers. Back on Track? Big Time? Big Data Monopoly?
It appears CEO Shimon Alon has got Attunity back on track and arguably Attunity is in a better position than they were when trading in the $7-$8 range prior to announcing Q1 ending March 31 numbers. Attunity Replicate/MFT/CloudBeam almost appears to be a potential monopoly in their #BigData space. They appear to be the unanimously recognized enabling Big Data technology which breathes life into (Amazon:AMZN) AWS Redshift, S3 (EMC) Greenplum Pivotal, (Teradata:TDC) click-2-load. Q3/Q4 2013, Q1 Q2 2014 will definitively confirm this. Shimon Alon also cannot afford another earnings hiccup nor inexcusable guidance failures. Attunity must now pull the trigger on their "in-place" $20M Secondary as their shares become justifiably fully valued. This simply must occur. Attunity accordingly will never have to look back for some time...
Q2 Ending June 30 2013 announced July 25, 2013
SEC Form 6-K filed July 25, 2013
Earnings Call Transcript (Note: the quality of the analysts/Institutional Investors during Q&A and the fact they are new).
“We are pleased to have effectively executed on several sales and marketing initiatives which generated strong demand for our big data and cloud solutions, resulting in revenue growth and profits in the second quarter, as compared with the first quarter of 2013. These activities have already made a material impact on our financial performance, and the momentum is expected to continue building into the second half of 2013, allowing us to meet our goals for the year,” stated Shimon Alon, Chairman and Chief Executive Officer of Attunity.
“We continue to benefit from our strong partnerships with market leaders. Our strategic relationship with Pivotal Greenplum has experienced increased activity since they completed their spinoff from EMC at the end of the first quarter of 2013 and we expect this to continue, going forward. In addition, through our relationship with Teradata, several data warehouse customers have tested our solutions, resulting in our first customer win in this environment.
“Through expanded marketing efforts, we have begun to build a growing customer base and we are driving greater awareness for our Amazon Web Services (AWS) solutions, as we increase our joint promotional activities. We believe this momentum will continue to increase as the newly launched AWS Redshift gains broader market adoption and is recognized as the premier data warehousing solution in the cloud.
“The appointment of new leadership within our marketing division and a ramped up sales force enabled us to focus on identifying and closing a greater number of deals with large scale data warehousing customers. The result has been strong direct sales growth compared with the first quarter of this year, mainly attributable to the U.S. market.
“These activities have allowed us to rapidly close the year over year gap. Our second quarter of 2013 total revenues are 5% lower compared to the same quarter in 2012, showing significant progress over the gap in the first quarter of 2013,” Mr. Alon concluded.
Recent Financial and Operational Highlights
"...License revenues for the second quarter grew 92%, compared with the first quarter of 2013 Total revenues for the second quarter grew 33%, compared with the first quarter of 2013 Non-GAAP operating income for the second quarter was $434,000, compared with a loss of $950,000 for the first quarter of 2013 Appointed Lawrence Schwartz as Vice President of Marketing, with a focus on positioning Attunity as the leader in data replication and cloud computing markets Closed two deals with new Pivotal Greenplum customers Closed deal with first customer that utilizes Attunity’s click-2-load solution for Teradata’s Big Data warehouse New Latin America sales team closed first deal with a large financial institution..."