Altium (ASX:ALU), an Australian software firm, saw a surge of as much as 21.4%, reaching A$44.770.

This is their highest since January 4, 2022.

Interestingly, ALU stock turned out to be the top gainer in the ASX 200 benchmark index.

Additionally, the company recorded its biggest intraday percentage gain since August 23, 2022.

An impressive transference of over 416,000 shares occurred, significantly more than the 30-day average of 234,355 shares.

Altium is expecting FY24 revenue to stand between $315 million and $325 million, a substantial increase from the FY23 revenue of $263.3 million.

Furthermore, the firm is predicting FY24 underlying EBITDA margin to stand within the range of 35% to 37%, a small increment from 36.2% in FY23.

Altium also revealed a FY23 final dividend of 29 Australian cents per share, bringing the total dividend to 54 AU cents per share, a 14.9% increase from the previous year.

As of the latest close, ALU stock is up this year by 5.1%, in comparison to a 1.1% rise in the ASX 200 benchmark.

Altium is a circuit board designing software maker.