Management call this shift the ‘Netflix moment’ when a company shifts to an online model – Netflix used to just be a DVD mailing service. 2: Altium 365Īltium 365 is an online platform for engineers to work online together as a team and access the software. The growing market share is a contributing reason why the Altium share price has risen over the years. 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. In FY20 it said that its Altium Designer subscriber numbers increased by 17% to 51,006, with the number of new Altium Designer seats sold increased by 15%.Īltium says that over 30,000 companies use its software. The company has a long-term goal of 100,000 Altium Designer subscribers. In every financial result, Altium reveals that it has grown its number of subscribers. Microsoft was able to dictate what to focus development on, and it also had strong market power. The company has previously referred to Microsoft as an example of how it gained a huge market position in the office software space. Here are some reasons why investors may wish to consider Altium shares: 1: Growing market shareĪltium management have a long-term goal of dominating the global electronic PCB software space and transforming it. It has been falling in recent months due to COVID-19 impacts. The Altium business has grown a lot over the past decade and it has become a major player in the electronic PCB software world. Here’s why the Altium share price could be worth looking at Whilst the company is headquartered in San Diego, California, it has locations around the world in the US, Europe and the Asia Pacific regions. ![]() It has a number of different products for different clients such as Altium Designer, Altium NEXUS, Octopart and Altium 365. The company says that its products are found everywhere from world leading electronics design systems to the grassroots electronic design community. What is Altium?Īltium describes itself as a multinational software business that focuses on electronic design systems for 3D PCB design and embedded system development. There are a few different reasons why the Altium Limited ( ASX: ALU) share price could be worth looking at.
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