Business
Why the Altium (ASX:ALU) share price is inching lower
The Altium Limited (ASX: ALU) share price is inching lower today after the release of its half-year results for 2021.
At the time of writing, shares in the electronic design software company are down 0.18% to $30.60.
How did Altium perform in H1 FY21?
The Altium share price is losing ground this morning after announcing losses across its key metrics.
In today’s release, Altium delivered a subdued performance for the first half of FY21 as COVID-19 heavily affected trading conditions.
For the period ending 31 December, the company reported group revenue of US$80 million (not including its divested Tasking business). This reflected a fall of 4% when compared to the prior corresponding period (pcp).
Altium revealed that after 8…
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