Some of the world’s leading organisations and businesses use Altium software like Tesla, Space X, Boeing, Lockheed Martin, John Deere, Google, Bosch, CSIRO, Honeywell, Microsoft, Cochlear Limited (ASX: COH), ResMed Inc (ASX: RMD), Siemens, Amazon, Disney, Apple, Qualcomm, Broadcom and Texas Instruments. The growing market share is a contributing reason why the Altium share price has risen over the years. 2: Altium 365Īltium 365 is an online platform for engineers to work online together as a team and access the software. Management call this shift the ‘Netflix moment’ when a company shifts to an online model – Netflix used to just be a DVD mailing service. The company says that Altium 365 provides opportunities for significant addressable market expansion. Not only does it modernise the electronic PCB design process and make it more likely to win more clients, through the cloud, but it also it opens up revenue opportunities.
One possibility for direct monetisation is generating transaction fees on manufacturing (like the Airbnb model) and the other option is offering premium services (like the Amazon Prime model).Īltium is shifting its whole business and operational model towards the cloud with Altium 365 being the main focus of future growth. #Altium designer 18 purchase freeģ: Strong balance sheetĪltium is debt free and it has been steadily growing its cash pile. In FY20 it finished with a cash balance of $91.3 million, which was 16% higher than the previous year.
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