The chief executive of ASX-listed software maker Altium has defended the company’s performance despite its share price tumbling on the back of latest results.
Tech darling Altium has lost the $5 billion offer on the table after US tech giant Autodesk said it has pulled the pin on takeover talks.
The software maker’s boss Aram Mirkazemi says he would be open to Autodesk taking a strategic stake in his company rather than a fully fledged takeover.
The ASX-listed software maker’s shares have soared after it said the offer put on the table by its US suitor undervalued its growth potential.
The ASX-listed tech darling is confident it can get back to growth after posting a decline in revenue for the first time in nearly a decade.
Altium says it has plans to address the threat of the trade battle between its two most significant markets,the US and China.
Tech darling Altium says lockdowns in key markets of the US and Europe will hit its traditionally strong sales in the current quarter.
High flying software group Altium is expected to come back to earth on Tuesday after it warned that its full year results is likely to come in at the lower end of guidance due to the impact of the Coronavirus and a slow start to its Octopart business.
From teenage refugee without a word of English to CEO of one of Australia's multibillion-dollar tech stocks,cricket tragic Aram Mirkazemi has plans to dominate the electronics field.
Donald Trump's escalating trade war with China is not the biggest challenge facing one of Australia's tech success stories,Altium.