Target Condition: Are Autorouters Friend or Foe?
Fresh PCB Concepts: Assembly Challenges with Micro Components and Standard Solder Mask Practices
Elementary Mr. Watson: Retro Routers vs. Modern Boards—The Silent Struggle on Your Screen
Altium Posts 23% Revenue Growth in Fiscal 2019
August 22, 2019 | AltiumEstimated reading time: 1 minute
Altium achieved double digit revenue growth and expanded its profit margins in the year ended 30 June 2019. This is robust confirmation of the underlying power of the Group’s "Line and Length" strategy to simultaneously:
- Increase revenue by 20% per annum
- Expand EBITDA margins
- Invest in strategic growth opportunities
Operating revenue was a record $171.8 million (growth of 23.1%) for the financial year ended 30 June 2019. Altium profit margins achieved record levels with a 41.1% increase in net profit after tax to $52.9 million, generating earnings per share (EPS) of US 40.57 cents. EBITDA margin was 36.5% for the fiscal year (36.6% on an underlying basis).
Altium’s revenue and EBITDA growth is on target to achieve the Group’s fiscal year 2020 commitment of $200 million in revenue and 35% EBITDA or better. All segments experienced double digit revenue growth which contributed to increased profits through the strong operating leverage inherent in Altium’s business model. The Group further enhanced the performance of the Altium Designer transactional sales engine and invested in solution selling capability for the Altium Nexus product line.
The Altium balance sheet is strong. Operating cash flow contributed US$69.1 million (2018: US$48.5 million) and the Group ended the year with a cash balance of US$80.5 million after dividend payments of US$28.1 million (2018: US$25.6 million), acquisition of Gumstix Inc for upfront consideration of US$2.5 million and contingent consideration payments of US$5.5 million (2018: US$7.5 million) relating to prior period acquisitions. Cash management is an important focus area as we optimize investments in our long-term vision whilst delivering a meaningful return to shareholders.
On the 30 April 2019, Altium completed the acquisition of Gumstix Inc, an American based company specialising in embedded hardware development and manufacturing and conducts its research and development from Gumstix Research (Canada) Ltd. Gumstix will contribute to the Altium transformative vision for a Platform to support design to product realization.
Visit I-007eBooks to download your copy of Altium micro eBook today:
The Printed Circuit Designer's Guide to...Design for Manufacturing (DFM)
Share on:
Suggested Items
Tariff Effects and China Subsidies Soften 1Q25 Downturn; Foundry Revenue Decline Narrows to 5.4%
06/09/2025 | TrendForceTrendForce’s latest investigations find that the global foundry industry recorded 1Q25 revenue of US$36.4 billion—a 5.4% QoQ decline. The downturn was softened by last-minute rush orders from clients ahead of the U.S. reciprocal tariff exemption deadline, as well as continued momentum from China’s 2024 consumer subsidy program.
Nordson Reports Q2 Fiscal 2025 Results and Q3 Guidance
05/30/2025 | BUSINESS WIRENordson Corporation reported results for the fiscal second quarter ended April 30, 2025. Sales were $683 million compared to the prior year’s second quarter sales of $651 million.
Rocket Lab Enters Payload Market with Agreement to Acquire Geost
05/28/2025 | BUSINESS WIRERocket Lab Corporation, a global leader in launch services and space systems, today announced the signing of a definitive agreement to acquire the parent holding company of Geost, LLC (Geost).
Global NEV Sales Top 4 Million in 1Q25; BYD Remains Dual Leader, Xiaomi Enters Top 10 in BEV Segment
05/21/2025 | TrendForceTrendForce’s latest reports reveal that global NEV sales—including BEVs, PHEVs, and FCEVs—reached 4.02 million units in the first quarter of 2025, marking a 39% YoY increase. NEVs accounted for 18.4% of total global auto sales for the quarter.
Geospace Unveils New Brand Identity Reflecting the Company’s Move into Diverse Markets
05/20/2025 | BUSINESS WIREGeospace Technologies Corporation announces a new brand identity, reflecting the company's transformation of its leadership and culture along with a redefined strategy focused on applied intelligent technology.