Altair Engineering

Altair Engineering, Inc. engages in the provision of software and cloud solutions for product design & development, high performance cloud computing, and data intelligence. It operates through the following segments: Software and Client Engineering Services. The Software segment includes a portfolio of software products, as well as solvers and optimization technology products, modelling and visualization tools. The Client Engineering Services segment engages in the provision of client engineering services to support customers with long-term, ongoing product design and development expertise. The company was founded by James Ralph Scapa in 1985 and is headquartered in Troy, MI.

Earnings data Q1 2021

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Altair Engineering excels in Q4 with record software revenue

Altair Engineering's Q4 2022 was marked by outstanding performance, strong vertical wins, and strategic investments. The company's focus on innovation, partnerships, and market expansion positions it well for future growth. Challenges in optimizing high-performance computing and maintaining steady performance in 2023 are areas of focus for Altair.

Altair Engineering beats Q1 expectations, eyes growth amid EV shifts

Altair Engineering delivered a strong Q1 2023 performance, surpassing financial expectations and highlighting strengths in software revenue and innovation. While facing challenges in seasonality and EV revenue, the company has opportunities for growth through product promotion and technology investments.

Altair Engineering surpasses Q2 guidance, eyes strong 2024 demand

Altair Engineering's Q2 performance exceeded expectations, driven by strong software product revenue and billings growth.
Despite FX challenges, Altair's strategic acquisitions, diverse wins, and focus on expense management position them for future success.
Opportunities in data analytics, automotive vertical, and cross-selling strategies showcase Altair's growth potential and market positioning.

Altair Engineering excels in Q3, poised for sustained growth

Altair Engineering delivered a standout performance in Q3 2023, exceeding guidance across key financial metrics and showcasing strong growth momentum. With a focus on innovation, strategic partnerships, and operational efficiency, Altair is well-positioned for continued success. While challenges exist in a competitive landscape, the company's solid financial position, high customer satisfaction, and expanding market opportunities bode well for its future.

Altair Engineering achieves record revenue, eyes growth in key sectors

Altair Engineering's strong financial performance in Q4 2023 and focus on innovation and partnerships position them well for continued growth. Challenges include evolving revenue seasonality and the need to sustain growth momentum through strategic investments.

Altair Engineering excels in Q1 2024, poised for strategic growth

Altair Engineering's Q1 2024 performance reflects operational excellence and market leadership.
Strategic acquisitions, customer engagement, and industry recognition position Altair for sustained growth.
Challenges from industry dynamics require adaptive strategies to maintain competitive edge.
Opportunities in key sectors and disruptive events offer avenues for expansion and innovation.

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Altair (ALTR) saw a big move last session, as its shares jumped nearly 7% on the day, amid huge volumes.

Altair (ALTR) Catches Eye: Stock Jumps 6.8%

Altair Engineering Inc.'s (ALTR) CEO James Scapa on Q4 2020 Results - Earnings Call Transcript

Altair Engineering (ALTR) delivered earnings and revenue surprises of 950.00% and 16.51%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Altair Engineering (ALTR) Q4 Earnings and Revenues Surpass Estimates

Record Fourth Quarter and Full Year 2020 Software Product and Total Revenue, Exceeding Expectations

Altair Announces Fourth Quarter 2020 Financial Results

Software and cloud solutions provider Altair Engineering Inc (NASDAQ: ALTR) acquired integrated flow, heat transfer, and combustion design software Flow Simulator from General Electric Company (NYSE: GE) subsidiary GE Aviation. The financial terms of the transaction were not disclosed.

Altair Acquires Flow Simulator From GE Aviation For Undisclosed Terms

Altair and GE Aviation establish strategic engagement to pursue new opportunities TROY, Mich., Feb. 24, 2021 /PRNewswire/ -- Altair, (Nasdaq: ALTR) a global technology company providing software and cloud solutions in the areas of simulation, high-performance computing (HPC), and...

Altair Acquires Flow Simulator; an Integrated Flow, Heat Transfer, and Combustion Design Software, from GE Aviation, to Expand into New Industries

Now accepting submissions for 9th annual international award showcasing innovation in automotive lightweighting and sustainability TROY, Mich., Feb. 15, 2021 /PRNewswire/ -- Altair, (Nasdaq: ALTR) a global technology company providing software and cloud solutions in the areas of...

Altair Enlighten Award Expanded to Honor Advancements in Sustainability

TROY, Mich., Feb. 04, 2021 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global technology company providing software and cloud solutions in the area of simulation, high-performance computing (HPC), and artificial intelligence (AI), will release its financial results for the fourth quarter and fiscal year ended December 31, 2020, after the market close on Thursday, February 25, 2021. Management will hold a conference call and webcast on Friday, February 26, 2021 at 8:30 a.m. ET to review and discuss the Company's fourth quarter and full year 2020 results and 2021 outlook. A recorded version of this webcast will be available after the call and accessible at http://investor.altair.com.

Altair to Announce Fourth Quarter and Full Year 2020 Financial Results on Thursday, February 25, 2021

TROY, Mich., Feb. 03, 2021 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global technology company providing software and cloud solutions in the areas of simulation, high-performance computing (HPC), and artificial intelligence (AI), announced today that James Scapa, chairman and chief executive officer, will virtually present at the Goldman Sachs 2021 Technology & Internet Conference on Wednesday, February 10, 2021 at 10:30 a.m. ET.

Altair to Virtually Present at the Goldman Sachs 2021 Technology & Internet Conference

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Toggled and Yorkland Controls to Deliver Intelligent Lighting Solutions in Canada

TROY, Mich., Jan. 04, 2021 (GLOBE NEWSWIRE) -- Altair (NASDAQ: ALTR), a global technology company providing software and cloud solutions in the areas of simulation, data analytics, and high-performance computing (HPC), announced today that James Scapa, chairman and chief executive officer, and Howard Morof, chief financial officer, will present at the 23 rd Annual Needham Growth Conference on Wednesday, January 13, 2021 at 10:45 a.m. ET.

Altair to Virtually Present at the 23rd Annual Needham Growth Conference

Altair Engineering Inc. (ALTR) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Altair Engineering Inc. (ALTR) Upgraded to Strong Buy: Here's What You Should Know

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TROY, Mich., Dec. 08, 2020 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global technology company providing software and cloud solutions in the areas of simulation, data analytics, and high-performance computing (HPC), today announced that Matthew Brown has been appointed to serve as senior vice president, effective January 1, 2021, and will become Altair's chief financial officer (CFO), on March 16, 2021. Brown will succeed Howard Morof, who will be stepping down from the CFO role on March 16, 2021 to pursue new opportunities and personal interests.

Altair Announces Chief Financial Officer Transition

TROY, Mich., Nov. 30, 2020 (GLOBE NEWSWIRE) -- Altair (NASDAQ: ALTR), a global technology company providing software and cloud solutions in the areas of simulation, data analytics, and high-performance computing, announced today that James Scapa, chairman and chief executive officer, and Howard Morof, chief financial officer, will present at the Berenberg European Conference on Tuesday, December 1, 2020 at 11:00 a.m. ET.

Altair to Present at the Berenberg European Conference

TROY, Mich., Nov. 16, 2020 (GLOBE NEWSWIRE) -- Altair (NASDAQ: ALTR), a global technology company providing software and cloud solutions in the areas of simulation, data analytics, and high-performance computing, announced today that James Scapa, chairman and chief executive officer, and Howard Morof, chief financial officer, will present at the RBC Capital Markets Global Technology, Internet, Media and Telecom Virtual Conference on Wednesday, November 18, 2020 at 9:35 a.m. ET.

Altair to Present at the RBC Capital Markets Global Technology, Internet, Media and Telecom Virtual Conference

Altair Engineering's (ALTR) CEO Jim Scapa on Q3 2020 Results - Earnings Call Transcript

Altair Engineering (ALTR) delivered earnings and revenue surprises of 100.00% and 8.67%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Altair Engineering (ALTR) Reports Break-Even Earnings for Q3

Next generation solution provides a modern, integrated approach to simulation-driven design for manufacturing (DFM) of injection molded components to reduce costs and delays Next generation solution provides a modern, integrated approach to simulation-driven design for manufacturing (DFM) of injection molded components to reduce costs and delays

Altair Inspire™ Mold Revolutionizes Injection Molding

Altair Engineering (ALTR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Altair Engineering (ALTR) to Report a Decline in Earnings: What to Look Out for

Database to contain thousands of high-quality materials including polymers, metals, and composites, directly connected to Altair's and other major solvers Database to contain thousands of high-quality materials including polymers, metals, and composites, directly connected to Altair's and other major solvers

Altair Introduces Altair Material Data Center, a Modern, Comprehensive, and High-Fidelity Material Database for Simulation

TROY, Mich., Oct. 27, 2020 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global technology company providing solutions in data analytics, simulation, and high-performance computing (HPC), today announced an agreement with Luna Rossa Prada Pirelli, one of the challengers in the PRADA Cup and the 36th America's Cup presented by Prada. Under this agreement, Altair is named an official supplier for the Luna Rossa Prada Pirelli team and will provide the engineering team of the sailing boat, AC75 Luna Rossa, with simulation software and engineering services.

Altair Named Official Supplier for Luna Rossa Prada Pirelli Team

TROY, Mich., Oct. 22, 2020 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global technology company providing solutions in data analytics, simulation, and high-performance computing (HPC), will release its financial results for the third quarter 2020, ended September 30, 2020, after the market close on Thursday, November 5, 2020. Management will hold a conference call and webcast on Friday, November 6 at 8:30 a.m. ET to review and discuss the Company's results for the third quarter. A recorded version of this webcast will be available after the call and accessible at http://investor.altair.com.

Altair to Announce Third Quarter 2020 Financial Results on Thursday, November 5, 2020

Move allows Altair to offer most comprehensive, high-fidelity plastics database on the market Move allows Altair to offer most comprehensive, high-fidelity plastics database on the market

Altair Acquires M-Base Engineering + Software GmbH, Leader in Plastics Material Data and Technology

Altair Engineering's (ALTR) acquisition of Ellexus is set to provide additional storage functionality for high-performing computer solutions.

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