SYDNEY -- Altium today announced fiscal fourth-quarter revenue of $23.87 million.

For the fiscal year ended June 30, the PCB design softwate company's revenue rose 13% year-over-year to $80.2 million.

Sales were up 8% to $82 million. Cash on hand at quarter's end was flat sequentially at $61.9 million. Operating costs rose in line with management's forecast of a 7 to 9% increase.

The company said its seat licenses in the Americas rose 16% during the year and the number of subscribers increased as well. Revenues in the Americas rose 33% for the year to $34.2 million. China was up 9% to $9.6 million, while EMEA was up 17% to $26.2 million. APAC (excluding greater China) was off 4% at $5.5 million.

"The Americas has been the standout region, delivering positive momentum that reflects the growing strength of our business in that region. Our confidence in the Americas is high and we expect the Americas to continue to contribute strongly in fiscal year 2016," Altium said.

EMEA sales fell in the quarter, leading Altium to note changes in store for its reseller channel in Europe.

"In fiscal year 2016, Altium will continue its work in EMEA with increased intensity across all business fronts to drive its revenue compensating for the weakening Euro currency and economic conditions. Among other things, this will involve significantly improving the operational capacity of the reseller channel in Europe, bolstering leadership capacity in the region and the establishment of a stronger corporate presence in EMEA's HQ."

Altium said it remains "confident" of reaching $100 million in revenue by fiscal 2017.


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