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.

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

Altair (ALTR) Intends to Buy Metrics, Expands in the EDA Market

TROY, Mich., July 01, 2024 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, announced it has entered into a definitive agreement to acquire all of the outstanding capital stock of Metrics Design Automation Inc. (Metrics), a Canadian company with a game changing simulation as a service (SaaS) business model for semiconductor electronic functional simulation and design verification.

Altair Signs Agreement to Acquire Metrics Design Automation Inc. Expands Footprint in EDA Industry

Altair (ALTR) bridges the gap in 3D printing design and production with HP collaboration.

Altair (ALTR) Enhances 3D Printing Capabilities With HP Deal

HP data will bolster Altair ® Material Data Center™ bridging gap between design and production of 3D-printed parts TROY, Mich. , June 24, 2024 /PRNewswire/ --  Altair  (Nasdaq: ALTR), a global leader in computational intelligence, has signed an agreement with HP Inc. in which HP will provide Altair with proprietary material information that will bolster the Altair ® Material Data Center™, which enables designers, engineers, and scientists to browse, search, and compare materials in a standalone application or through the interface of their simulation and optimization tools.

Altair Announces Material Collaboration with HP Inc.

Altair recognized in the report's Leaders' Quadrant for Completeness of Vision and Ability to Execute TROY, Mich. , June 20, 2024  /PRNewswire/ -- Altair  (Nasdaq: ALTR), a global leader in computational intelligence, today announced that it has been positioned by Gartner as a Leader in the Magic Quadrant for Data Science and Machine Learning Platforms for its offering, Altair® RapidMiner®.

Altair Named a Leader in the June 2024 Gartner® Magic Quadrant™ for Data Science and Machine Learning Platforms

TROY, Mich. , June 20, 2024 /PRNewswire/ --  Altair  (Nasdaq: ALTR), a global leader in computational intelligence, was added to the S&P MidCap 400 by S&P Dow Jones Indices effective prior to the open of trading on Monday, June 24.

Altair Added to S&P MidCap 400

Addition will expand access to Altair's digital engineering experience TROY, Mich. , June 17, 2024 /PRNewswire/ --  Altair  (Nasdaq: ALTR), a global leader in computational intelligence, announced that Altair One ®, Altair's cloud innovation gateway, is now available on Google Cloud Marketplace, opening up a world of possibilities for users seeking seamless access to powerful simulation , data analytics , and high-performance computing (HPC) capabilities.

Altair One® Cloud Innovation Gateway Now Available on Google Cloud Marketplace

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) 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).

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