Great set of numbers from Altium with really positive guidance for the new year
Sydney, Australia – 22 August 2022 - Electronic design software company Altium Limited (ASX: ALU) has announced its audited financial results for the year to 30 June 2022. Altium outperformed all expectations and exceeded its financial targets for revenue and margin. Highlights for the year include: • Strong revenue growth of 23% to US$220.8 million. • Strong underlying EBITDA margin of 36.7% (up from 34.3%). • Recurring revenue of 75% of total revenue, with 31% growth in ARR. • Double-digit revenue growth for Altium PCB business of 12% to US$169.3 million. • Record revenue growth of 85% for Octopart to US$50.0 million. • Acceleration of term-based licenses; up by 63% (33% of all new licenses). • Strong Altium 365 adoption with almost 24,700 monthly active users at year end (up from 19,700 in February 2022) and over 9,300 monthly active accounts at year end (up from 7,700 in February 2022). • Strong growth in Profit After Tax of 57% to US$55.5 million. • Earnings Per Share (EPS) grew by 57% to US$42.2 cents. • Final dividend of AU 26 cents (AU 47 cents for full year up 18%). Key Full Year Financial Measures Compared with Prior Corresponding Period1