Much of that revenue boost came from the one-time gain of a 36 per cent increase to Altium's perpetual license fee. Revenue for the half year was up 17 per cent from the year prior, and in constant currency terms rose by 21 per cent. Despite growing revenues at 14 per cent per year for the past three years there are signs that Altium is just getting started.Īltium announced its latest quarterly results last Friday. And demand for that software has been growing fast. You can think of it as software that helps design the parts that put the smart into all those smart devices. Altium (ASX: ALU) may not be a familiar name to most investors, but its software has helped design the electronics that power thousands of the products we use every day.Īltium's main product is an advanced piece of software called Altium Designer that helps engineers design printed circuit boards (PCB). And one Australian company is reaping the rewards. Everything from toasters to the family car is now filled with processing power. The smart machine revolution has arrived.
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