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 Q1 2022

Earnings data Q2 2022

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

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Earnings data Q1 2024

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Earnings data Q3 2024

Earnings data Q4 2024

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. , June 12, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, is thrilled to showcase the highlights of its role as the official computational science and artificial intelligence (AI) partner for the New York Yacht Club (NYYC) American Magic team ahead of its quest for victory in the 37th America's Cup, beginning August 22.

Altair's Leading Computational Intelligence Technology Drives NYYC American Magic Team's Quest to Win the 37th America's Cup

Investors interested in stocks from the Engineering - R and D Services sector have probably already heard of Babcock International Group PLC (BCKIY) and Altair Engineering (ALTR). But which of these two stocks is more attractive to value investors?

BCKIY vs. ALTR: Which Stock Is the Better Value Option?

Event will  showcase AI-driven innovations in design, simulation, and manufacturing TROY, Mich. , June 10, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR) a global leader in computational intelligence, announced its ATCx AI for Engineers 2024 global virtual event will be held on June 20.

Altair Announces ATCx AI for Engineers 2024 Global Virtual Event

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Investors with an interest in Engineering - R and D Services stocks have likely encountered both Babcock International Group PLC (BCKIY) and Altair Engineering (ALTR). But which of these two stocks offers value investors a better bang for their buck right now?

BCKIY or ALTR: Which Is the Better Value Stock Right Now?

TROY, Mich., May 23, 2024 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, today announced that Matt Brown, chief financial officer, will present in a fireside chat at each of the following investor conferences:

Altair to Present at Upcoming Investor Conferences

Certification cements Altair's commitment to global information security TROY, Mich. , May 15, 2024 /PRNewswire/ --  Altair  (Nasdaq: ALTR), a global leader in computational intelligence, has earned the ISO/IEC27001:2022 – an information security management system (ISMS) certification – externally audited against the frameworks set by the International Organization for Standardization (ISO) and International Electrotechnical Commission (IEC).

Altair Earns ISO/IEC27001:2022 Certification for Global Operations

Altair Engineering Inc. (NASDAQ:ALTR ) Q1 2024 Earnings Conference Call May 2, 2024 5:00 PM ET Company Participants Stephen Palmtag – Head-Investor Relations Jim Scapa – Founder, Chairman and Chief Executive Officer Matt Brown – Chief Financial Officer Conference Call Participants Dylan Becker – William Blair Stephen Tusa – JPMorgan Chase & Company Charles Shi – Needham & Company Ahmad Khalil – Oppenheimer & Company Joshua Tilton – Wolfe Research Blair Abernethy – Rosenblatt Securities Matthew Hedberg – RBC Capital Markets Operator Good day and thank you for standing by. Welcome to the Altair Engineering Inc. Q1 2024 Earnings Conference Call.

Altair Engineering Inc. (ALTR) Q1 2024 Earnings Call Transcript

Altair Engineering (ALTR) came out with quarterly earnings of $0.40 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.36 per share a year ago.

Altair Engineering (ALTR) Q1 Earnings and Revenues Surpass Estimates

Flagship solution, FlightStream®, pushes the boundaries of modern computational techniques TROY, Mich., May 1, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR) a global leader in computational intelligence, announced it has acquired Research in Flight, maker of FlightStream®, which provides computational fluid dynamics (CFD) software with a large footprint in the aerospace and defense sector and a growing presence in marine, energy, turbomachinery, and automotive applications.

Altair Acquires Research in Flight, Forging a New Path for Aerodynamic Analysis

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Covering an array of topics and trends, podcast's fifth season features guests from, McKinsey & Co., Hyatt, Nokia, John Deere, EY, and more. TROY, Mich.

Altair Kicks Off Season Five of the Future Says Podcast

Altair (ALTR) benefits from strategic acquisitions, solid investments in engineering artificial intelligence and rising demand for its differentiative products.

Altair (ALTR) Buys Cambridge Semantics, Enhances AI Technology (Revised)

Altair (ALTR) Buys Cambridge Semantics, Enhances AI Technology

TROY, Mich., April 18, 2024 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, will release its financial results for the first quarter ended March 31, 2024, after the market close on Thursday, May 2, 2024. On that day, management will hold a conference call and webcast at 5 p.m. ET to review and discuss the Company's first quarter 2024 results and second quarter and full year 2024 outlook. A recorded version of this webcast will be available after the call and accessible at http://investor.altair.com.

Altair Announces Date of First Quarter 2024 Financial Results Conference Call

Acquisition expands Altair's data analytics and AI offerings TROY, Mich., April 18, 2024 /PRNewswire/ --  Altair  (Nasdaq: ALTR) a global leader in computational intelligence, acquired Cambridge Semantics, a modern data fabric provider and creator of one of the industry's leading analytical graph databases.

Altair Acquires Cambridge Semantics, Powering Next-Generation Enterprise Data Fabrics and Generative AI

Key topics will include democratizing AI, supercharging data-driven manufacturing, and more TROY, Mich. , April 10, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, will demonstrate the power of artificial intelligence (AI)-powered engineering at Hannover Messe 2024, taking place April 22-26 in Hanover, Germany.

Altair to Showcase AI-Powered Engineering Capabilities at Hannover Messe 2024

Award recognizes Google Cloud partner that best prioritized DEI initiatives to transform and strengthen their organization TROY, Mich. , April 9, 2024 /PRNewswire/ --  Altair  (Nasdaq: ALTR), a global leader in computational intelligence, announced that it has received the 2024 Google Cloud North America Partner of the Year Award for Diversity, Equity, and Inclusion (DEI).

Altair Wins 2024 Google Cloud North America Partner of the Year Award for Diversity, Equity, and Inclusion

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Revolutionary multi-disciplinary solver for printed circuit boards (PCB) and integrated circuits (IC) TROY, Mich. , March 20, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, announced the upcoming release of Altair SimSolid for electronics, bringing game- changing fast, easy, and precise multi-physics scenario exploration for electronics, from chips, PCBs, and ICs to full system design.

Altair SimSolid Transforms Simulation for Electronics Industry

Altair Engineering Inc. is recommended as a buy due to strong secular tailwinds in the simulation and analysis market and positive changes in go-to-market strategy. The company's recent financials show growth in revenue and improved margins. The potential for mergers and acquisitions serves as a "floor" to the company's valuation.

Altair Engineering: Strong Tailwinds To Drive Growth With Potential Downside Protection

Altair Engineering Inc. (ALTR) Q4 2023 Earnings Call Transcript

TROY, Mich., Feb. 22, 2024 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, today released its financial results for the fourth quarter and full year ended December 31, 2023.

Altair Announces Fourth Quarter and Full Year 2023 Financial Results

Appointment of Caroline Phares and Chip Colbert to bolster Altair's industry expertise TROY, Mich. , Feb. 22, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, announced that Chip Colbert and Caroline Phares have joined Altair in leadership roles for two priority industry segments.

Altair Expands Defense and Healthcare and Life Sciences Segment Leadership

Award spotlights the automotive industry's finest innovations in sustainable, lightweight design TROY, Mich., Feb. 20, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, announced that the 2024 Altair Enlighten Award is now open for submissions.

News for Altair Engineering Stock (ALTR)