Altium Q3 sales up 13%

Company News

Altium Limited (ASX:ALU) says third quarter revenue is up 10 per cent with sales jumping by 13 per cent. 
 
In its final quarterly report before shifting to six monthly reports, the electronics design software company says the result was due to strong sales in the Americas, up 35 per cent while delayed sales from the previous quarter in Europe lifted sales there by 29 per cent. 
 
The company still sees China as a significant opportunity despite sales in the region slipping 10 per cent. 
 
Altium says it is confident of maintaining double digit growth in sales and revenue for its full year result. 
 
Altium reported first half net profit of $8.2 million for the 2015 financial year.  

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