Momentum has returned to our core PCB business and our business model transition is going smoother than expected with minimal headwinds. He said: “Altium delivered a strong performance for the first half of fiscal 2022. Management commentaryĪltium’s CEO, Aram Mirkazemi, was pleased with the half. This was driven by tailwinds from the global electronic parts shortage. This means there are now over 19,700 monthly active users, which is up 54% since August.īut arguably the highlight of the period was the company’s Octopart search engine, which doubled its revenue to US$22.2 million. Management revealed that it experienced strong adoption of Altium 365 during the period. This was driven by double digit growth across all regions (except for China) and the NEXUS platform. The core Board and Systems business performed very well, reporting a 16% increase in revenue to US$79.17 million. Cash and cash equivalents of US$195 millionįor the six months ended 31 December, Altium delivered a 28% increase in revenue over the prior corresponding period to US$102 million.Interim dividend up 11% to 21 Australian cents per share.Net profit after tax up 38% to US$23 million.Operating cash flow up 33% to US$33 million.EBITDA margin improved by 3.5 basis points to 34.1%.Revenue up 28% over the prior corresponding period to US$102 million.Altium share price lower despite solid growth The Altium Limited (ASX: ALU) share price is on the slide on Monday morning following the release of its half year results.Īt the time of writing, the electronic design software provider’s shares are down 9% to $31.36.
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