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Technology Stocks : Growth Investing

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From: JakeStraw2/1/2019 9:57:25 AM
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Attunity Reports Fourth Quarter and Full Year 2018 Results
License Revenue Growth of 67% in Q4 2018 and 61% in FY 2018; Total Revenue Growth of 42% in Q4 2018 and 39% in FY 2018; Estimated FY 2019 Revenue of $104 Million to $108 Million
“The fourth quarter was a very strong end to a record year for Attunity. In the quarter, we achieved license revenue growth of 67% year-over-year and total revenue growth of 42% year-over-year,” stated Shimon Alon, Chairman and CEO of Attunity. “We won a record number of strategic deals, demonstrating the value of our solution to companies building modern analytics and cloud solutions. In addition, we are seeing a higher attach rate of Attunity Compose, our solution for automating the delivery of analytics-ready data sets for data lakes and data warehouses, a trend we expect to see continue in 2019.”

“We are excited about the market opportunity and the momentum that we are seeing in our business as we continue to focus on building the company to reach over $200 million in revenue over the next several years. We are increasing investments in sales, marketing and product innovation, which we believe will enable us to capture a growing share of the large market opportunity, continue to win large, strategic accounts, and strengthen our leading brand in the data integration market,” concluded Mr. Alon.
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