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

Earnings data Q2 2021

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Earnings data Q4 2021

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Earnings data Q2 2022

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Earnings data Q3 2023

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Earnings data Q1 2024

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Earnings data Q3 2024

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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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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.

Altair Fortifies HPC Solutions With Acquisition of Ellexus

Altair Engineering's (ALTR) acquisition of Univa strengthens its position in workload management and cloud enablement for high-performance computing.

Altair Engineering (ALTR) Buys Univa, Fortifies HPC Offerings

Move Solidifies Altair’s Leadership in Workload Management and Cloud Enablement for High Performance Computing Move Solidifies Altair’s Leadership in Workload Management and Cloud Enablement for High Performance Computing

Altair Acquires Univa

TROY, Mich., Sept.  03, 2020  (GLOBE NEWSWIRE) --  Altair , (Nasdaq: ALTR), a global technology company providing solutions in product development, high performance computing (HPC), and data analytics, extended its multi-year OEM agreement with Hewlett Packard Enterprise (HPE) to offer the newly enhanced version of  Altair® PBS Professional®  workload manager and job scheduler across HPE’s industry-leading HPC systems, including HPE Apollo Systems and new line of HPE Cray supercomputers.  HPE Pointnext Technology Services , which provides advisory and professional services to design and deploy solutions, will also be used to offer support for Altair’s latest software offering.

Altair Extends Strategic OEM Agreement with Hewlett Packard Enterprise (HPE) to Optimize High Performance Computing

TROY, Mich., Aug.  31, 2020  (GLOBE NEWSWIRE) --  Altair  (NASDAQ: ALTR), a global technology company providing solutions in product development, high-performance computing (HPC), and data analytics, announced today that Howard Morof, chief financial officer, and David Simon, chief administrative officer, will virtually present at the Deutsche Bank Technology Conference on Monday, September 14, 2020 at 10:05 a.m. ET.

Altair to Virtually Present at the Deutsche Bank Technology Conference

TROY, Mich., Aug.  25, 2020  (GLOBE NEWSWIRE) --  Altair  (Nasdaq: ALTR), a global technology company providing solutions in product development, high-performance computing (HPC), and data analytics, has joined the  Avicenna Alliance , an international consortium committed to the use of simulation to enable faster and more efficient development of new medicine and healthcare solutions.

Altair Joins Avicenna Alliance to Support Simulation-based Development of Medical Breakthroughs

TROY, Mich., Aug.  11, 2020  (GLOBE NEWSWIRE) --  Altair  (Nasdaq: ALTR), a global technology company providing solutions in product development, high-performance computing (HPC), and data analytics, today announced a major update to Altair® PBS Professional®, the market-leading HPC workload manager.

Latest Release of Altair® PBS Professional® Offers Up to Tenfold Faster Performance for More Diverse and Dynamic HPC Workloads

Altair Engineering Inc. (ALTR) CEO James Scapa on Q2 2020 Results - Earnings Call Transcript

Altair Engineering Inc. (ALTR) delivered earnings and revenue surprises of 0.00% and 6.21%, respectively, for the quarter ended June 2020.

Altair Engineering Inc. (ALTR) Reports Q2 Loss, Tops Revenue Estimates

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Altair Announces Winners of 8th Annual Altair Enlighten Awards

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

Earnings Preview: Altair Engineering Inc. (ALTR) Q2 Earnings Expected to Decline

Expanding Solver Portfolio into Growing Market with New Manufacturing Simulation; Polyurethane Foam Solution Expanding Solver Portfolio into Growing Market with New Manufacturing Simulation; Polyurethane Foam Solution

Altair Acquires S&WISE Co., Ltd.

TROY, Mich., July  23, 2020  (GLOBE NEWSWIRE) --  Altair  (Nasdaq: ALTR), a global technology company providing solutions in product development, high-performance computing, and data analytics, will release its financial results for the second quarter 2020, ended June 30, 2020, after the market close on Thursday, August 6, 2020. Management will hold a conference call and webcast on Friday, August 7 at 8:30 a.m. ET to review and discuss the Company’s results for the second quarter. A recorded version of this webcast will be available after the call and accessible at  http://investor.altair.com .

Altair to Announce Second Quarter 2020 Financial Results on Thursday, August 6, 2020

Altair and Ducati Team sign multi-year partnership, expanding use of Altair design and simulation solutions Altair and Ducati Team sign multi-year partnership, expanding use of Altair design and simulation solutions

Altair Named Ducati Corse Technical Partner for Legendary Official Team in MotoGP

New version includes transformative enhancements for data scientists and citizen data analysts New version includes transformative enhancements for data scientists and citizen data analysts

Altair Releases New Version of Altair® Knowledge Studio® Market-leading Machine Learning and Predictive Analytics Solution

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TROY, Mich., June  15, 2020  (GLOBE NEWSWIRE) --  Altair  (Nasdaq: ALTR), a global technology company providing solutions in product development, high-performance computing (HPC), and data analytics, today announced the latest launch of  Altair® Monarch® , a major new release of its powerful and intuitive data preparation solution. Marking the 30th anniversary of Monarch’s original launch, the new version strengthens the ability of users to extract and convert data automatically from sources including Excel spreadsheets, PDFs, and text-based files, and prepare it quickly and precisely for efficient data analysis and machine learning predictions. 

Altair® Monarch® Marks 30th Anniversary with Major New Release of Intuitive and Proven Data Preparation Solution for All Experience Levels

Update release to all products expands available solutions for all user types to accelerate innovation Update release to all products expands available solutions for all user types to accelerate innovation

Altair Announces Most Significant Software Update Release in Company History

Altair Engineering Inc. (ALTR) CEO James Scapa on Q1 2020 Results - Earnings Call Transcript

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