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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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.

2024 Altair Enlighten Award Open for Entries

TROY, Mich., Feb. 08, 2024 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence, will release its financial results for the fourth quarter and fiscal year ended December 31, 2023, after the market close on Thursday, February 22, 2024. On that day, management will hold a conference call and webcast at 5 p.m. ET to review and discuss the Company's fourth quarter and full year 2023 results and 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 Fourth Quarter and Full Year 2023 Financial Results Conference Call

TROY, Mich., Feb. 02, 2024 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence, today announced that it will host an Investor Day on Wednesday, March 20, 2024 in the San Francisco Bay Area from 8 a.m. to noon PT.

Altair To Host Investor Day on Wednesday, March 20, 2024

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Virtual event will explore the "Science of Possibility" and bring together thought leaders, industry experts, and visionaries to explore tomorrow TROY, Mich. , Jan. 4, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI) is pleased to announce Future.Industry 2024, the company's flagship annual event, which will take place virtually on March 6-7.

Altair Announces Future.Industry 2024 Global Flagship Event

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Altair to provide simulation and data analytics tools, and expertise to expedite breakthrough results TROY, Mich. , Dec. 7, 2023 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), announced together with JLR and battery manufacturer Danecca, the company has been awarded funding from the U.K. government through the Faraday Battery Challenge.

Research consortium of Altair, JLR, and Danecca awarded funding through the Faraday Battery Challenge to create a new design process for electric vehicles

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ACM vs. ALTR: Which Stock Should Value Investors Buy Now?

All competing teams now have free access to Altair technology, including leading tools like Altair® RapidMiner® and Altair® Inspire™ TROY, Mich. , Dec. 5, 2023 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), has expanded its relationship with FIRST ® (For Inspiration and Recognition of Science and Technology) and Altair technology is now available to all teams in FIRST® Robotics Competition Kit of Parts.

Altair Technology Now Available to More Than 3,500 Teams in the FIRST® Robotics Competition Kit of Parts

Updates include auto-clustering, expanded SAS, Python, and R coding capabilities, and more TROY, Mich. , Nov. 28, 2023 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI) announced that Altair® RapidMiner®, its data analytics and AI platform, is becoming more integrated, more powerful, and easier to use thanks to a new series of groundbreaking updates.

Launch of Altair® RapidMiner® 2023 Platform Delivers Next-Generation Generative AI Capabilities

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Upgrades deliver powerful scheduling capabilities, cloud and AI integration, and HPC monitoring and reporting TROY, Mich. , Nov. 14, 2023 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), announced significant upgrades to Altair® HPCWorks™, its high-performance computing (HPC) and cloud platform.

Altair Announces Next-Generation Altair® HPCWorks™ 2024

Altair Engineering Inc. (NASDAQ:ALTR ) Q3 2023 Results Conference Call November 2, 2023 5:00 PM ET Company Participants Dave Simon - Senior Vice President-Investor Relations Jim Scapa - Founder, Chairman, and Chief Executive Officer Matt Brown - Chief Financial Officer Conference Call Participants Charles Shi - Needham & Company Blair Abernethy - Rosenblatt Securities Mark Schappel - Loop Capital Markets Matthew Hedberg - RBC Capital Markets Arsenije Matovic - Wolfe Research Ahmad Khalil - Oppenheimer Operator Good day, ladies and gentlemen. Thank you for standing by.

Altair Engineering Inc. (ALTR) Q3 2023 Earnings Call Transcript

TROY, Mich., Oct. 31, 2023 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence, today announced that Matt Brown, chief financial officer, will participate in a fireside chat at the RBC Capital Markets Global Technology, Internet, Media, Telecommunications Conference on Tuesday, November 14 at 11:20 a.m. ET.

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

TROY, Mich., Oct. 19, 2023 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence, will release its financial results for the third quarter ended September 30, 2023, after the market close on Thursday, November 2, 2023. On that day, management will hold a conference call and webcast at 5 p.m. ET to review and discuss the Company's third quarter 2023 results and fourth quarter and full year 2023 outlook. A recorded version of this webcast will be available after the call and accessible at http://investor.altair.com.

Altair Announces Date of Third Quarter 2023 Financial Results Conference Call

Landmark release in open computer-aided engineering (CAE) environment TROY, Mich. , Oct. 18, 2023 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), announced the release of Altair® HyperWorks® 2023.

Altair Releases Altair® HyperWorks® 2023

TROY, Mich. , Oct. 2, 2023 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), acquired OmniQuest, a Novi, Mich.

Altair Enhances Leadership in Optimization Technology by Acquiring OmniQuest

Altair was named to Newsweek's "America's 100 Most Loved Workplaces" list and Fortune's "Best Workplaces in Technology" list for 2023 TROY, Mich., Sept. 27, 2023 /PRNewswire/ -- Altair  (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), is proud to have been named to two lists that recognize companies that put employees first by placing them at the core of the business model and fostering an environment where they feel respected, inspired, and appreciated.

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