Shares of Australian based software developer Altium Ltd soar 32%

August 22, 2018

Australian based printed circuit board (PCB) design software developer, Altium Ltd, soared today following the release of its FY18 results to the ASX.  Key metrics were record growth in revenue of 26% and net profit growth of 34%.  The company expressed its confidence of achieving its 2020 targets of US$200 million revenue and profit margin of 35% or better.  Altium CEO, Aram Mirkazemi, was reported in the AFR in January 2017 as saying” Altium is realistically close to being … for PCB design what Adobe Photoshop is for picture editing”.

Altium Ltd is a significant holding of clients of Morgan Wealth Management Group and has returned 237% for the 12months ended 22 August 2018.