SYDNEY – Altium reported fiscal 2016 revenue ended June 30 of $93.6 million, up 17% year-over-year.

Profit before tax was $24.6 million, up 14% compared to fiscal 2015. EBITDA was $27.4 million, up 21%.

The firm’s Board and Systems revenue was $78.8 million, up 14% year-over-year. Microcontrollers and Embedded Systems accounted for $9.9 million in revenue, an increase of 29% compared to the previous fiscal year.

“Altium has delivered another year of double-digit growth and expanded its profit margin to a record high. This performance places the company well on track to achieve and exceed its previously stated target of $100 million revenue in fiscal 2017,” said CEO Aram Mirkazemi. “This sets us up well to confidently pursue our new goal of $150 million in PCB design software revenue and $200 million in total revenue by 2020 to claim market leadership in PCB design and early traction in the larger and emerging systems design market.”

Register now for PCB West, the Silicon Valley's largest trade show for the printed circuit industry, taking place Sept. 13-15 in Santa Clara: PCBWEST.COM

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