Altium Full Year 2023 Earnings: Beats Expectations
Altium (ASX:ALU) Full Year 2023 Results
Key Financial Results
Revenue: US$263.3m (up 19% from FY 2022).
Net income: US$66.3m (up 20% from FY 2022).
Profit margin: 25% (in line with FY 2022).
EPS: US$0.50 (up from US$0.42 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Altium Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 7.5%. Earnings per share (EPS) also surpassed analyst estimates by 5.3%.
Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in Australia.
Performance of the Australian Software industry.
The company's shares are up 29% from a week ago.
Valuation
Our analysis of these results suggests Altium may be overvalued based on 6 important criteria we look at. To explore our complete evaluation click here and get an understanding of what analysts are thinking about the company's future.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
