Happy with the results achieved across all market segments & pleased with the uptake of the flagship products Designer 18 & Nexus.
Personal highlight was news that Nexus was purchased by a tier one automotive supplier who had been using Mentor. Nexus is targeted at the top end of the market which Altium had not previously supplied.
Not sure (nor personally care) how the market will react to these results. Particularly with Aram’s comments on the earnings call that he is disappointed with the Solidworks partnership. When this partnership was first announced the share price rose strongly.
From the prelim report:
The Altium technology partnership with the SolidWorks division of Dassault Systemes is strategically significant because it will expand the influence and market reach of Altium beyond its historic PCB Market, despite revenue being at the contract minimum. The product ramp is progressing slowly and is highly
dependent on the SolidWorks Channel and marketing efforts. Altium is working with Dassault Systemes to combine Altium’s
electronic CAD (ECAD) expertise with Dassualt’s enterprise capabilities.
ALU Price at posting:
$21.83 Sentiment: Hold Disclosure: Held
