AUS
NZ
UK
CA
USA
IND
Highlights
- In its annual general meeting held today, Altium shared its financial highlights and achievements for FY2022.
- The company registered a revenue growth of 23%, with an underlying EBITDA margin of 36.7%.
- Altium forecasts total revenue to be between US$255 million and US$265 million in FY2023.
A multinational software corporation headquartered in San Diego, California, Altium Limited (ASX:ALU) held its annual general meeting today (17 November), giving an insight into its financials and other achievements. According to Altium, it registered strong revenue growth and achieved robust platform adoption, driving its recurring revenue and average subscription seat price.
Meanwhile, on the ASX, the company's shares were spotted trading 2.930% up at AU$37.580 per share at 12:20 PM AEDT on Thursday.
Key highlights from the financials that Altium shared
- The company has marked revenue growth of 23%, to US$221 million.
- The recurring revenue was up 75%, while the operating cash flow was US$72.5 million, up 17%.
- The underlying EBITDA margin rose 36.7%.
- The cash with the company was US$199.3 million, up US$7.8 million.
- Altium announced EPS worth AU42.2 cents, up 6%.
- The dividend declared was AU47 cents per share, up 18%.
- The profit after tax was reported to jump 57% to US$55.5 million.
Altium also shared its outlook for the full-year 2023, as per which the company is on track to meet its guidance range.
The share price performance of Altium
The software firm has gained 7.37% in the last five trading days on the ASX. In the previous trade month, the company gained 7.27% on the ASX. In the past six months, the share price of Altium has moved up 36.42%, while in the last year, the shares have shed 5.67%. On a year-to-date basis, the shares have come down 15.75% on the ASX. Looking at the broader picture, the company's shares have appreciated in value by 190.20% in the last five years.
