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Attunity misses expectations in latest quarter as 2015 sales are also off the mark

Despite the difficulties, Alon remained upbeat, calling 2015 “a transformational year” for the firm.

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Shares in the company plummeted as it reported US$0.01 earnings per share for its fourth quarter

Big data management firm Attunity (NASDAQ:ATTU) failed to impress markets with its latest earnings results.

Shares in the company plummeted as it reported US$0.01 earnings per share for its fourth quarter, missing estimates of US$0.13.

It also released results for 2015, which saw revenues rise 36% compared to the previous year, though this was lower than expected as well.

Shimon Alon, chairman and chief executive, said: “Revenue for the year was slightly impacted by longer sales cycles and new licensing models associated with providing these large-scale solutions to global customers.”

“As a result, revenue was slightly lower than the annual guidance we provided in March after acquiring Appfluent," he added.

Shares in the company have performed admirably since listing a year ago, but were more than 30% down on Thursday to US$6.61.

Despite the difficulties, Alon remained upbeat, calling 2015 “a transformational year” for the firm.

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