Altium Q3 sales and revenue update
Q3 delivers sales growth in excess of 30%
SYDNEY, Australia – April 18, 2007 – Altium Limited (ASX: ALU), industry-leading developer of unified electronic product development solutions, today advises the market of its sales and revenue results for the quarter ending March 31, 2007.
For the quarter ending March 31, 2007, the company announces that it has achieved sales growth across all regions resulting in another quarter of growth in excess of 30%. This sales growth translates to Q3 revenuesof AU$12.3m representing an increase of 19% on the previous corresponding quarter. The difference between sales and revenue is due to the increasing percentage of sales being derived from maintenance and software assurance contracts which are recognized as revenue over an extended period.
Since June 30, 2006 revenue that has been deferred to be recognized in future periods has increased fromAU$5.3m to AU$7.5m representing significant future value for the business.
Revenue recognized Q3 Net deferred revenue Sales Q3
AU$12.3m AU$0.6m AU$12.9m
"Once again our revenue growth has been driven by continued strong performance in the sales of Altium Designer, our unifed electronic product development system, across all markets. " said Nick Martin, Founder and CEO, Altium Limited. “Altium has just seen it’s third consecutive quarter of 30% growth in sales over the previous corresponding period and we remain confident about our strong strategic position and ability to continue to realize healthy gains through to the end of the financial year.”
Altium Limited (ASX:ALU) is the leading developer of electronic product development solutions dedicated to unifying the different design disciplines involved in electronics product development. Altium products ensure all electronic engineers, designers, developers, and their organizations, take maximum advantage of emerging design technologies to bring smarter products to market faster and easier. Founded in 1985, Altium has headquarters in Sydney, Australia, sales offices in the United States, Europe, Japan, China, and resellers in all other major markets. For more information, please visit www.altium.com.
Altium, Altium Designer, LiveDesign, and their respective logos are trademarks or registered trademarks of Altium Limited or its subsidiaries. All other registered or unregistered trademarks referenced herein are the property of their respective owners, and no trademark rights to the same are claimed.