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Altium: Revises revenue forecast due to COVID-19 | Fintech InShorts: Latest fintech news, analysis by experts

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Altium: Revises revenue forecast due to COVID-19

By Steve Sam

June 22, 2020

Altium: Revises revenue forecast due to COVID-19

Software corporation Altium is again warning revenue growth at the end of the 2020 financial year is likely to be lower than expected
CEO Aram Mirkazemi said the company has already begun offering customers affected by COVID-19
The company today confirmed its run-rate has begun to fall behind current analyst consensus
Despite the likely drop in revenue, seat growth on software licences is up seven per cent on the same period last year
The company also said it expects to get close to, or just surpass, its key target of 50,000 subscribers
Altium shares have dropped 8.31 per cent following the announcement, selling at $33.34 per share

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