Seeking Alpha

Mark Gomes'  Instablog

Mark Gomes
Send Message
With over 20 years of professional experience, Mark Gomes has grown to become one of the world's most experienced technology stock analysts. He is also a Masters Track & Field world record holder and U.S. Gold medalist (http://www.fasterthanforty.com/hello-world/). Currently, Mr. Gomes is... More
My company:
PTT Research & Pipeline Data, LLC
My blog:
Poised To Triple
My book:
Faster Than Forty
  • Attunity Posts 72% Growth In Q3; Amazon Partnership Forges Ahead 1 comment
    Oct 31, 2012 12:55 PM | about stocks: AMZN, ATTU

    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 (NYSE:ORCL), EMC (NYSE: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.

    Themes: earnings Stocks: AMZN, ATTU
Back To Mark Gomes' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (1)
Track new comments
  • Mark Gomes
    , contributor
    Comments (1815) | Send Message
     
    Author’s reply » Here's our analysis of ATTU's earnings results, as promised. Remember, you can be notified of these articles as soon as they're released by signing up for our free Twitter alerts (see below)

     

    Get our free real-time Twitter alerts
    * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
    All you need is a Twitter.com account (free to register --
    even President Obama and Governor Romney have one!)
    & text the words FOLLOW BOSTONGEKKO to 40404.
    31 Oct 2012, 12:57 PM Reply Like
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.