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Altium (ASX:ALU) sales fell 9% in FY10

Altium (ASX:ALU) sales fell 9% in FY10

Electronics design software company Altium (ASX:ALU) has revealed that its sales fell 9% in FY10, despite second-half and fourth-quarter increases.

The company said sales for the full year fell 9% to US$46.5 million ($53.2 million), with the largest declines felt in Greater China, as well as the rest of APAC.

But sales in the second half grew 9% compared to FY09 to US$26.2 million, and 4Q sales increased 9% year-on-year to US$15.1 million.

The second half sales uplift came mostly from the Americas. But growth was felt in every region apart from Greater China, where sales fell by 33%.

The company will release its full audited results shortly.

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