Attunity (Nasdaq: ATTU), a provider of application and data integration solutions, today reported a net profit of $751,000 for the fourth quarter of 2002. Profit rose slightly from the preceding quarter, when it was $619,000.
In the fourth quarter of 2001, Attunity posted a $6.8 million loss.
Revenue in the fourth quarter totaled $4.52 million, compared with $4.4 million in the preceding quarter. Revenue jumped 115% from the fourth quarter of 2001, when it was $2.1 million.
"We are very pleased to deliver sequential growth throughout this year both in revenue and pro forma net income as forecasted," said Arie Gonen, chairman of Attunity. "We have increased our revenues while decreasing our operating expense by 59%. These are very impressive results and I would like to thank Attunity employees for their remarkable work throughout the year. Our financial results speak for themselves."
Attunity trades on Nasdaq at a $14.5 million capitalization. The company, formerly International Software Group, was founded in Haifa in 1988 by Arie Gonen and Itzik Sagi, and was floated on Wall Street in 1992.
Published by Globes [online] - www.globes.co.il - on 4 March, 2003