SAN DIEGO – Altium posted net profit after tax grew 51% to $15 million for the half of fiscal 2018 through December, with record revenue growth of 30% year-over-year to $63 million.
Altium’s EBITDA was nearly $19 million, up 51.3% compared to the same period the year before.
Spending increased by 23% in the first half of fiscal 2018 to $44.2 million. Operating cash flow contributed $14.9 million in the first half of fiscal 2018, and Altium ended the period with a cash balance of $36 million.
Sales in the Americas grew 17%; EMEA grew 29% (in local currency); and China delivered 30% growth in revenue compared to first half of fiscal 2017.