Altium Limited: Market and Business Update

  • May 12, 2020 AEST
  • Team Kalkine

Altium Limited (ASX:ALU) notified the market about its business update during the outbreak of COVID-19. Key highlights.

  • ALU assures that it is working to deliver a robust result for Q4, however, considers May and June to be impacted by the prolonged restrictions.
  • The renewal business of the Company has a good performance in the past and is expected to attain its target for 50,000 subscribers for the full year.
  • Mr Joe Bedewi, ALU’s CFO stated that the Company is financially strong and have a cash balance of over USD 77 million.
  • ALU is likely to roll out its digital online sales platform and Altium 365.


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