News: ALU Altium Sees FY Rev Growth Below Analyst Consensus

June 22 (Reuters) - Altium Ltd (ALU) :

• INCREASE IN REVENUE FOR FULL YEAR, WHILE LIKELY TO BE SOLID, WILL BE BELOW LATEST ANALYST CONSENSUS
• NEW LOCK-DOWNS IN BEIJING & INCREASE IN COVID-19 CASES IN PARTS OF US HAVING SOME IMPACT ON FISCAL 2020
• THIS JUNE, RUN-RATE HAS BEGUN TO FALL BEHIND CURRENT ANALYST CONSENSUS
• GLOBALLY, ALTIUM IS AGGRESSIVELY CLOSING SALES, WITH LARGER DEALS STILL IN PIPELINE, AND SEAT GROWTH IS UP 7%
• PRICING STRATEGY ADOPTED IN RESPONSE TO COVID-19 FOR ALTIUM DESIGNER IS IMPACTING REVENUE POTENTIAL FOR FULL YEAR