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Attunity Posts 72% Growth In Q3; Amazon Partnership Forges Ahead

|About:Attunity Ltd (ATTU) Includes:Amazon.com, Inc. (AMZN)

This morning, Attunity (NASDAQ:ATTU) posted 72% year over year growth for the third quarter ended September 30. Net income increased to a profit of $43,000 compared to a loss of ($792,000) for the same period last year.

The recent months have been highlighted by several new strategic relationship wins with Big Data giants like Teradata (NYSE:TDC), Oracle (NASDAQ:ORCL), EMC (EMC), and Amazon (NASDAQ:AMZN). These relationships continue to lay the foundation for Attunity's future growth in the fast-growing Big Data market. This was evident in the company's guidance for Q4 which calls for record revenue and profit.

In addition, on the earnings call, CEO Shimon Alon stated that the EMC relationship has already begun bearing fruit, with a large booking in Europe. He also stated that the company's relationship with Oracle yielded a win where one of Oracle's own units was the competition.

Just ahead of the earnings release, Attunity also announced that its cloud platform for Amazon Web Services (AWS) has moved from private beta into public beta, bringing its relationship with Amazon one step closer to contributing to the top line. The company also launches new cloud services, enabling customers to upload to cloud and replication between cloud regions on Amazon's AWS.

Net-net, it was been an eventful quarter for the company. It now enters its seasonally strongest period of the year (Q4 and Q1) with significant momentum and a number of new relationships that promise to contribute to revenue growth in 2013 and beyond. This provides us with confidence in our forward projections for the company and solidify ATTU's place in our Stocks to Triple portfolio.

Disclosure: I am long ATTU. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Stocks: AMZN, ATTU