“It’s the second half where subscribers will be paying us the new price. “The first half essentially did not pick up any lift from price adjustments because subscribers got their quotes two to three months ahead ,” he said. However, Mr Mirkazemi said the impact of this pricing shift would only be felt in the second half of the financial year. This helped Altium achieve a 17 per cent increase in group revenue to $US119.5 million – 2 per cent behind market expectation – and a 30 per cent jump in net profit to $US29.6 million, 9 per cent ahead of estimates.Īltium chief executive Aram Mirkazemi said the company had also passed on price increases to subscribers, with the average subscription seat value up by 11 per cent to $US2304 in the six months to December 31. Altium’s electronic parts search engine, Octopart, recorded a 22 per cent revenue surge to $US27 million as manufacturers continued to grapple with supply chain challenges.Īltium chief executive Aram Mirkazemi is confident the business will hit its 2026 targets. The company benefited from a strong performance from its enterprise design software division, which grew revenue from a low base of $US3.6 million ($5.2 million) to $US12.7 million in the first six months of the financial year. Altium has flexed its pricing power in the six months to December 31, offsetting headwinds and helping the electronic design software business maintain its full-year guidance of 15 per cent to 20 per cent revenue growth.

Altium subscription price