Altium records $US17.4m Q2 revenue

Altium records $US17.4m Q2 revenue

Sales grow 14 per cent to $US19.4m

According to its unaudited preliminary financial performance, Altium recorded worldwide revenue of $US17.4 million in its second financial quarter of 2014, ending December 31, marking a 10 per cent increase compared to the previous corresponding period.

The Australian electronic design software developer reported it achieved a total $US19.4 million in sales, an increase of 14 per cent. The company’s sales in Asia-Pacific (APAC; excluding greater China) dipped slightly from its December 31, 2012, total of $US1.6m, to $US1.3m.

Greater China alone saw sales increase by 30 per cent to $US2.6m, with Europe, the Middle East and Africa achieving $US6.8m in sales for a 31 per cent hike.

The figures bring Altium’s global half-year revenue and sales to $US32m and $US31.1m, respectively.

“Altium achieved double digit sales growth for the second quarter as well as for the first half of the financial year ending June 30, 2014,” Altium chief financial officer (CFO), Richard Leon, said. “This was achieved despite the restructure to our sales organisation in the Americas, as reported in our Q1 announcement, which continues to be implemented.”

Leon claims the company expects to report growth in underlying profit and statutory profit in its reviewed half-year financial statements based on the sales and revenue results.

The company also said its cash balance of $14.

Follow Us

Join the newsletter!

Error: Please check your email address.

Tags financialsvendorrevenueAltiumsoftwaresales



Sizing up the NZ security spectrum - Where's the channel sweet spot?

Sizing up the NZ security spectrum - Where's the channel sweet spot?

From new extortion schemes, outside threats and rising cyber attacks, the art of securing the enterprise has seldom been so complex or challenging. With distance no longer a viable defence, Kiwi businesses are fighting to stay ahead of the security curve. In total, 28 per cent of local businesses faced a cyber attack last year, with the number in New Zealand set to rise in 2017. Yet amidst the sensationalism, media headlines and ongoing high profile breaches, confusion floods the channel, as partners seek strategic methods to combat rising sophistication from attackers. In sizing up the security spectrum, this Reseller News roundtable - in association with F5 Networks, Kaspersky Lab, Tech Data, Sophos and SonicWall - assessed where the channel sweet spot is within the New Zealand channel. Photos by Maria Stefina.

Sizing up the NZ security spectrum - Where's the channel sweet spot?
Show Comments