Altium share price on watch after smashing guidance in FY22 – The Motley Fool Australia
The Altium Limited (ASX: ALU) share price will be one to watch on Tuesday morning.
This is because the electronic design software company has released its full year results for FY 2022 after the market close.
Altium share price on watch following after smashing expectations
- Revenue up 23% year over year to US$220.8 million
- Recurring revenue up 31% and now 75% of total revenue
- EBITDA margin up 2.4 percentage points to 36.7%
- Net profit after tax up 57% to US$55.5 million
- Final dividend of 26 Australian cents
- Outlook: Revenue growth of 15% to 20% in FY 2023
What happened in FY 2022?
For the 12 months ended 30 June, Altium reported a 23% increase in revenue to US$220.8 million. This was driven by a 12% increase in revenue from the Altium PCB business to US$169.3 million and record Octopart revenue growth of 85% to US$50 million.
The Altium PCB business was boosted by strong adoption for its Altium 365 offering. It ended the period with almost 24,700 monthly active users, up from…
Read Full Story: https://www.fool.com.au/2022/08/22/altium-share-price-on-watch-after-smashing-guidance-in-fy22/
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