It’s on target to “exceed 60,000 subscribers for the full year”. The ASX tech share saw its subscription numbers grow to 58,030, up from 55,978 a year ago. Monthly active accounts increased 29% to over 12,000. Net profit after tax (NPAT) grew by 30% to US$29.6 millionĪltium revealed that its cloud platform called Altium 365 continues to see rapid adoption, with 33,500 monthly active users (up 36% from August 2022).Recurring revenue was 79% of total revenue, up from 74%.EBITDA ( EBITDA explained) margin improved from 34.1% to 36.2%. Revenue grew by 17% to US$119.5 million.Here are some of the highlights from the result: The Altium Limited ( ASX: ALU) share price is under the spotlight after announcing strong profit growth in its FY23 half-year result.Īltium is one of the main software companies that is enabling the design of increasingly complex vehicles and devices – its customers include Space X, NASA, Apple, Microsoft and Alphabet (Google).
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