SAN DIEGO -- Altium reported revenue picked up in the fiscal second half, boosting the printed circuit board design software developer's sales 25% sequentially.

For its fiscal year 2021 ended Jun. 30, the firm reported revenue from continuing operations of $180.2 million, up 6.4% year-over-year.

In February, Altium divested its Tasking unit, which would have added another $10.9 million to the top line. Including Tasking, Altium had revenue of $189 million in its fiscal year ended Jun. 30, 2020, up about 1%.

For the year, pretax profit fell 7% to $47.7 million, while net profit rose 246% to $107 million.

In November last year, Altium guided for revenues of $200 million to $212 million for its fiscal 2021. It lowered that outlook last June to a range of $190 million to $195 million.

Overall sales of its core PCB design tools rose 10% in the second half to $82.7 million, and were up 2% year-over-year to $150.9 million for the fiscal year. Altium had first-half revenue of $80 million, of which $68.2 million came from ECAD sales.

Sales were up 11% in China and 7% in EMEA, offset in part by a 7% drop in the Americas, Altium's largest geographical market.

EBITDA fell 2.9% to $60 million, and EBITDA margin was 36.1%, 90 basis points below company guidance, and down from 38.5% last year.

Revenue at its Octopart unit grew 42% for the year. The company's Altium 365 cloud platform has almost 13,000 monthly active users and over 6,000 monthly active accounts. Total seats under subscription rose 7% to 54,394.

“From a technical point of view, our library and component management system is quite mature, but from a user’s point of view it needs some time to reach maturity,” said Aram Mirkazemi, chief executive, Altium.

Altium continues to invest in MacroFab, a US contract assembler, which it supported with $3 million in the second half. It took one-time charges of $2.3 million for M&A costs for an unsuccessful bid for Supplyframe, which was acquired by Siemens.

Altium guided for fiscal 2022 revenue of $209 million to $217 million and an underlying EBIDTA margin of 34% to 36%. Annual recurring revenue is expected to grow 23% to 27%.

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