An increase in Profit Before Tax of 12% to US$64.6 million.Cash balance of US$93 million, up 16% on the same period last year.An increase of 15% in new Altium Designer seats sold to 9,251.Record growth of 17% in our subscription base to 51,006 subscribers.Highlights from the financial year 2020 included: Our strategy to drive volume through attractive pricing to support our customers who themselves had been impacted by the Coronavirus during the second half of the financial year was rewarded and allowed the company to maintain momentum and to launch Altium 365. These results are the hallmark of a financially strong company, a market leader that is operationally robust. Altium also increased its dividend to shareholders by 15% for the financial year. We exceeded our subscriber target of 50,000 and met the Rule of 50, on a reported EBITDA basis. To bring smart manufacturing to Altium 365 and to democratise the use of electronics with our Geppetto software.īefore I speak further about these strategic initiatives and our new organizational structure to support them, I would like to reflect upon the achievements of our management team in the financial year 2020.ĭuring the financial year ended 30 June 2020 our revenue increased by 10% to US$189 million.The introduction of Altium 365 in China.The integration of Octopart and Altium 365.The rapid development and adoption of Altium 365.The scaling of our enterprise sales team to prepare for a major offensive into the high-end PCB market.The reinvention of our transactional sales team to utilise a digital platform.
Both measures are up by over 40% since the end of July.Īs we accelerate toward our 2025 goals for dominance and transformation, we are focused on the following:
Altium designer pcb 2020 professional#
Altium Designer is the most widespread professional PCB design tool used by over 100,000 engineers worldwide.Altium is among the fastest growing Electronic Design Automation (EDA) companies with nine consecutive years of double-digit revenue growth and an expanding EBITDA margin.Our performance sets us apart from our global competitors, and Altium is increasingly recognized as a leader in the broader electronics industry. I am proud to say that despite the challenging conditions brought on by the Coronavirus pandemic, Altium continues to deliver industry-leading results, both in technology and engineering, as well as in financial returns for our shareholders. This is an early validation of our vision and strategy for our digital platform to transform the global electronics industry. In May we launched our new cloud platform, Altium 365, ahead of schedule to considerable acclaim from our subscribers. While COVID-19 prevented us from reaching our long-standing aspirational goal of $200 million in revenue, it has been a catalyst for the rapid acceleration of our plans for market dominance and industry transformation. We achieved our goal of market leadership after many years of rapid growth and began a new phase to become the dominant market leader of the PCB design tools industry and from that position of dominance, to transform the way in which Printed Circuit Boards are manufactured. As many of you know, it also was a milestone year and a year of transition for Altium.
Today we will review the results of the 2020 financial year, share details about our progress since then and talk about our future plans to dominate and to transform the global electronics industry.įinancial Year 2020 was marked by the impact of the Coronavirus and the subsequent global pandemic. It is a great pleasure to be with you in our first AGM held on Zoom. Sydney, Australia, 19 November 2020 - Good morning and good afternoon Ladies and Gentlemen and fellow shareholders.