Altium Ltd. announced its unaudited preliminary earnings results for the quarter and half-year ended December 31, 2014. For the quarter, the company reported revenue of USD 20.3 million, an increase of 17% compared to the previous corresponding period (up 23% on a constant currency basis). Sales of USD 20.5 million, an increase of 6% compared to the previous corresponding period (up 10% on a constant currency basis).

For the first half of fiscal 2015, the company reported revenue of USD 37.5 million, an increase of 17% compared to the previous corresponding period (up 21% on a constant currency basis). Sales of USD 33.7 million, an increase of 8% compared to the previous corresponding period (up 12% on a constant currency basis). Cash flow generated from operating activities during the first half was up 17% from the previous corresponding period.

Challenging economic conditions in Europe and the weakening of the Euro against the USD have created some headwind for Altium to contend with for the remainder of fiscal 2015. Notwithstanding this, Altium delivered strong revenue growth in the second quarter and for the half year of 17% in both instances. The company continues to remain confident that full year performance will be consistent with its expectations.