SYDNEY – Altium reported fiscal 2019 revenue growth of 23% to $171.8 million, including all business units and all key regions.

China led growth, up 37%. The US and EMEA delivered revenue growth of 14% and 20%, respectively.

For the year ended June 30, net profit after tax was $52.9 million, up 41% year-over-year.

During the fiscal year, Altium had record growth in Altium Designer seats of 27% and record growth in subscribers of 13% to 43,600.

During fiscal 2019, Board and Systems revenue grew 17% to $126.8 million, and operating cash flow was up 42% to $69.1 million.

EBITDA margin for the fiscal year was 36.5%, up from 32%.

Revenue for the second half of fiscal 2019 was $93.7 million, up 20% compared to the first half. After-tax profit was $52.9 million, up 126% compared to the first six months of fiscal 2019.

“Altium has delivered an outstanding performance,” said Altium CEO Aram Mirkazemi. “Revenue growth of 23% and an EBITDA margin of 36.5% demonstrate the momentum in our business across all key regions and all business segments.

“Moreover, Altium delivered record growth in new Altium Designer seats of 27% and record growth of 13% in our subscription base to more than 43,600 subscribers. This is definitely an early sign that Altium is successfully picking up a gear on its climb toward 100,000 subscribers for market dominance.

“What makes this performance most outstanding is it has been achieved while Altium has been focused intensely on investing to accelerate future growth. We are increasing the efficiency and reach of our transactional sales model and rolling out our new cloud platform Altium 365. These initiatives will power Altium’s drive to market dominance and the achievement of our 2025 targets of 100,000 subscribers and $500 million in revenue.

“With these results and the growing momentum, I am fully confident we should not only be able to achieve but surpass our 2020 target of $200 million in revenue.”

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