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Attunity Ltd. (ATTUF.OB) Posts Solid Q2 Results; Highlights Strategic Business Partnerships

Attunity Ltd., a leading provider of real-time data integration and event capture software, today posted its unaudited financial results for the second quarter ended June 30, 2010, reflecting annual growth and enhanced business relationships.

For the second quarter of 2010, Attunity posted total revenues of $2.54 million, up 18 percent from $2.15 million reported for the second quarter of 2009.

License revenue for the quarter was $1.13 million, compared to $0.89 million reported for the comparable quarter of last year.

The company reported a non-GAAP operating profit of $317,000 for the second quarter of 2010, compared to $280,000 in the second quarter of last year.

As of June 30, 2010, the company had cash and cash equivalents of approximately $1.5 million, as compared to approximately $1.6 million as of March 31, 2010.

“I am pleased that we are continuing to demonstrate year-over-year growth in revenues and operating profit, while we strengthen the business relationships with our major partners” Shimon Alon, chairman and CEO of Attunity stated in the press release.

The company also noted the expansion of a strategic distribution agreement with one of the world’s largest software vendors; the launch of its PowerConnector for Oracle, to support Microsoft’s new Business Intelligence product, the PowerPivot; and the launch of the Attunity Change Data Capture for HP.

“We continue to focus on revenue growth, profitability and generation of cash from operations. We expect that the expansion of our strategic partnership with one of the world’s largest software companies and the introduction of new innovative products, such as the new Attunity Power-Connector for Oracle, and the extension of our CDC product line to support all HP platforms, will contribute and support us in meeting those objectives,” Alon stated.

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