SAN DIEGO – Altium reported revenue of $263.3 million for its 2023 fiscal year, an increase of 19.2% from the $220.8 million in revenue for fiscal year 2022.

That revenue included $203 million from its Design Software segment, which marked an increase of 19.9%, and $60.3 million from its Cloud Platform segment, which was an increase of 17% from the previous fiscal year.

For the coming fiscal year, the company projects total revenue between $315 million to $325 million, which would represent growth of 20-23%, with its Design Software segment seeing between $250 million to $255 million in revenue and its Cloud Platform segment seeing revenue of $65 million to $70 million.

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