It has absorbed at least some of the readjustment of its revenues that inevitably follows such a transition. For one, because the company has already gone through the hard work of transitioning to the cloud. The company has reiterated that it is on track to achieve its 2025 goal.Īutodesk has some excellent reasons for wanting Altium. The company predicts its revenues for 2021 will come in at the low end of its guidance as they transition to the cloud has negatively affected its revenues. Altium CEO Aram Mirkazemi says his company has been set back a bit in its ambitions by the Covid pandemic, but he says Altium’s business in China has recovered. The company would rather not see Dassault or PTC get it.Īltium has revenues in the $200 million range, but it has set a goal for $500 million and 100,000 subscribers by 2025. EDA is integral to Siemens’ vision of a comprehensive digital twin.Īutodesk wants some of that and maybe just as important. The EDA group has significantly boosted the revenues of Siemens Digital Industries, its home division within the Siemens behemoth. Mentor, now known as Siemens EDA, has thrived. Siemens’ acquisition of Mentor Graphics in 2016 has proven to be an excellent deal for the German conglomerate. And, speaking of competition, Altium is pretty confident that Dassault and PTC might be interested in acquiring the PCB design company because that’s where the design and manufacturing industry is headed. Autodesk is determined to build its manufacturing segment into a powerful competitor to market leaders Siemens, Dassault, and PTC. Yes, but Altium has a thriving customer base with interests in automotive, aerospace, consumer electronics, and medical devices. Why does Autodesk want a PCB design company? Autodesk has a PCB design company in its Eagle software, and it’s also included in the Fusion 360 portfolio.
In this case, the company didn’t seem to understand Autodesk’s high-priced interest in Altium. Isn’t it all kind of wonderful? The Motley Fool had a response that reminded us that traders should spend a lot more time paying attention to the companies they talk about.
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