Altium (ALU) one of the WAAAX stocks reported today , with its sp falling 17% today.
PBIT was up 24% although because of higher income tax expense, PAT (profit after tax) for 1H dropped 1% p-c-p.
Results was not good enough due to high expectations, but it is the second statement below that probably was cause for concern.
Altium maintains its full year revenue and margin guidance between US$205 million to US$215 million in revenue and an EBITDA margin guidance of 39% to 41% (on a reported basis) and 37% to 38% (excluding the impact of AASB16 Leases)
Due to the coronavirus in China and Octopart having underperformed during the first half, the full year is likely to land at the lower end of revenue and margin guidance
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Altium (ALU) one of the WAAAX stocks reported today , with its...
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