Altium Limited ASX Announcement
ACN 009 568 772
Altium Q2 and half-year sales and revenue update for FY12 Sydney, Australia - 31 January 2012 - Electronics design software company Altium Limited (ASX:ALU)
has announced its unaudited preliminary financial performance
for the quarter and half-year ending 31
December 2011.
• Sales of US$15.9 million, an increase of 18% compared to
the previous corresponding period.
• Revenue of US$14.3 million, an increase of 15% compared to
the previous corresponding period.
• Sales of US$26.5 million, an increase of 20% compared to
the previous corresponding period.
• Revenue of US$26.4 million, an increase of 20% compared to
the previous corresponding period.
• Deferred revenue of US$15.2 million as at 31 December 2011,
down from US$15.7 million as at 30
June 2011.
• Cash balance of US$6.8 million as at 31 December 2011, up
from US$6.6 million as at 30 June
2011.
Our focus on subscription sales continues its momentum from
fiscal year 2011 with 25% growth for the first half when
compared to the previous corresponding period. Subscriptions
sales continue to represent around 40% of total sales.
Demand for Altium training which cultivates the adoption of
Altium design methodology as well as illustrates the value of
our subscription offering grew 68% in sales for the first
half when compared to the previous corresponding period.
Restructuring Charge - As a result of the relocation of the
Altium Group headquarters from Sydney to
China, a provision for future lease commitments of the now
underutilized Sydney premises is in the process of being
determined and is expected to be in the range of US$7 million
to US$8 million.
The Executive team is actively searching for a new tenant for
the Sydney premises as this building now represents
underutilized space post the restructure and relocation to
China. Efficiencies gained from the relocation present a
further opportunity to reduce costs associated with this
location.
The restructuring charge is a one-off provision made to
recognize the estimated net future outflows over the
remaining commercial lease term. The charge is a non cash
item as future lease commitments will be paid as incurred and
offset against this provision.
Second quarter ending 31 December 2011
3 months ending 31 December 2011 (US$,000) | 3 months ending 31 December 2010 (US$,000) | Change | |
Worldwide sales | 15,857 | 13,392 | 18% |
Regional sales | (local currencies, 000's) | (local currencies, 000's) | |
Americas (US$) | 5,841 | 4,803 | 22% |
EMEA (€) | 4,954 | 4,053 | 22% |
Greater China (US$) | 1,882 | 1,698 | 11% |
APAC excluding Greater China (US$) | 1,339 | 1,274 | 5% |
Consulting services (€) | 118 | 125 | -6% |
Half-year ending 31 December 2011
6 months ending 31 December 2011 (US$,000) | 6 months ending 31 December 2010 (US$,000) | Change | ||
6 months ending 31 December 2011 (US$,000) | 6 months ending 31 December 2010 (US$,000) | Change | ||
6 months ending 31 December 2011 (US$,000) | 6 months ending 31 December 2010 (US$,000) | Change | ||
Worldwide sales | 26,524 | 22,080 | 20% | |
Regional sales | (local currencies, 000's) | (local currencies, 000's) | ||
Americas (US$) | 9,177 | 7,962 | 15% | |
EMEA (€) | 8,053 | 6,769 | 19% | |
Greater China (US$) | 3,463 | 2,792 | 24% | |
APAC excluding Greater China (US$) | 2,465 | 2,103 | 17% | |
Consulting services (€) | 310 | 162 | 91% |
The updates outlined in this announcement are based on management accounts and have not been audited
ENDS
About Altium
Altium Limited (ASX:ALU) creates electronics design software
based on the belief that anyone who wants to create
electronic products that make a difference should be able to
do so. Altium's unified electronics
design environment links all aspects of electronics product
design in a single application that is priced to be as
affordable as possible. This helps electronics designers
break down barriers to innovation, harness the latest devices
and technologies, manage their projects across broad design
'ecosystems', and create connected, intelligent designs.
Founded in 1985, Altium operates worldwide. For more
information, visit www.altium.com. Altium, Altium
Designer and LiveDesign, and their respective logos, are
trademarks or registered
trademarks of Altium Limited, or its subsidiaries. All other
registered or unregistered trademarks mentioned
in this release are the property of their respective owners,
and no trademark rights to the same are claimed.
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Documents associés | |
Altium Q2 Half Year Sales and Revenue Update for FY12 |