![]() Within that, Octopart revenue soared 85% to US$50 million.Īn improvement in profit margins helped Altium’s earnings before interest, tax, depreciation and amortisation (EBITDA) grow by 33% to $79.8 million and net profit after tax (NPAT) increased 57% to $55.5 million. In FY22, it reported “strong” revenue growth of 23% to US$228.8 million. One year on from rejecting that previous offer, the ASX 200 tech share has returned to strong growth, which may have helped the Altium share price. However, the previously-rejected offer of $38.50 is only 5% higher than the current Altium share price of $36.63, so I think an offer would likely need to be materially bigger than the last one to even be considered by the Altium board. Our view is Autodesk’s Fusion 360 platform is lacking a high-powered ECAD offering so we believe Autodesk would still be very interested in Altium and may come back with a revised offer. They say that the achievements and progress of Altium 365 could lead to Autodesk returning with another takeover approach, partly because Autodesk can’t currently provide the range of functions that Altium’s service can: However, the Australian Financial Reviewreported on comments from Bell Potter analysts that the Altium result was “cracking”. ![]() There hasn’t been any official news at all from Altium. On 7 June 2021, Altium told investors that it had received a formal, non-binding, indicative proposal of A$38.50 per share.īut, while Altium appreciated the interest expressed by Autodesk, it said the offer “significantly undervalued” Altium’s prospects and the company rejected the offer. Some readers may remember that in the middle of last year, it received interest from Autodesk. After a market-pleasing FY22 result, could the S&P/ASX 200 Index(ASX: XJO) tech share be approached with another takeover attempt? The Altium Limited ( ASX: ALU) share price has jumped this week.
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