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

Earnings data Q3 2021

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Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 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

Earnings data Q2 2024

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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Ultra Librarian gives Altair users access to more than 16 million symbols, footprints, and 3D models TROY, Mich., Sept. 19, 2023 /PRNewswire/ --  Altair  (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), announced that the Ultra Librarian® CAD model library is now available to Altair users in several Altair ECAD verification and multiphysics solutions, including Altair® PollEx™, Altair® SimLab®, and Altair One UDE.

Altair and EMA Design Automation Announce Integration of Ultra Librarian into Altair ECAD Verification and Multiphysics Solutions

TROY, Mich., Aug. 31, 2023 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence, today announced that James R. Scapa, chairman and chief executive officer, and Matt Brown, chief financial officer, will participate in a fireside chat at the Goldman Sachs Communacopia + Technology Conference on Thursday, September 7 at 8:10 a.m. PT (11:10 a.m. ET).

Altair to Present at the Goldman Sachs Communacopia + Technology Conference

Altair SLC is an alternative SAS language environment that reduces costs and improves efficiency TROY, Mich. , Aug. 22, 2023 /PRNewswire/ -- Altair  (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), is thrilled to announce that Altair SLC™ is now available on Google Cloud Marketplace.

Altair SLC Now Available on Google Cloud Marketplace

Altair Engineering (ALTR) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Down -16.14% in 4 Weeks, Here's Why You Should You Buy the Dip in Altair Engineering (ALTR)

Data highlights sector's broad use of digital twins for behavior modeling, personalization, fraud prevention, and more TROY, Mich. , Aug. 15, 2023 /PRNewswire/ --  Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), released results from a global survey that reveals the widespread use of digital twin technology in the banking and financial industries.

Altair Global Survey Reveals Growing Impact of Digital Twin Technology in Banking, Financial Services, and Insurance Industries

TROY, Mich., Aug. 14, 2023 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence, will participate in a fireside chat at the Rosenblatt 3rd Annual Technology Summit on Wednesday, August 23 at 11 a.m. CT (noon ET).

Altair to Present at the Rosenblatt 3rd Annual Technology Summit

Altair Engineering (ALTR) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Down -18.35% in 4 Weeks, Here's Why You Should You Buy the Dip in Altair Engineering (ALTR)

Altair Engineering Inc. (NASDAQ:ALTR ) Q2 2023 Earnings Conference Call August 3, 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 Matt Swanson – RBC Capital Markets Ken Wong – Oppenheimer Dylan Becker – William Blair Luke Mott – Wolfe Research Charles Shi – Needham & Company Blair Abernethy – Rosenblatt Securities Mark Schappel – Loop Capital Markets Operator Good day, and thank you for standing by. Welcome to Altair's Second Quarter 2023 Earnings Conference Call.

Altair Engineering Inc. (ALTR) Q2 2023 Earnings Call Transcript

Polestar, Toyota, Marelli, and others among winners creating a more sustainable, lightweight future TROY, Mich. , Aug. 1, 2023 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI) has named the winners of the 2023 Altair Enlighten Award.

Altair Announces Winners of 2023 Altair Enlighten Award

TROY, Mich., July 27, 2023 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), acquired OmniV, a technology out of XLDyn, a product development software company based in southeast Michigan.

Altair Expands Digital Engineering Technology with Acquisition of OmniV

TROY, Mich. , July 25, 2023 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), was honored as one of the 2023 Best Workplaces for Millennials by Fortune Media and Great Place To Work.

Altair Named to 2023 Fortune Best Workplaces for Millennials List

Altair provides simulation, data analytics, and high-performance computing solutions but has a history of average growth and efficiency. Despite exposure to AI, Altair's growth is weak, and indicators suggest demand is softening across its markets, presenting significant downside risk. Altair's valuation seems stretched, given its modest growth, average efficiency, and the risk of macro weakness.

Altair: Counting On AI Amid Stretched Valuation

Altair included among the top 100 U.S. companies recognized for employee sentiment and satisfaction TROY, Mich. , June 13, 2023 /PRNewswire/ --  Altair  (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), is featured on Newsweek's 2023 Most Loved Workplaces list, and ranked 57 among the top 100 companies measured by employee happiness and satisfaction at work.

Altair Named to Newsweek's List of the Most Loved Workplaces for 2023

Survey identifies opportunities to remove organizational, technological, and financial friction       TROY, Mich. , June 6, 2023 /PRNewswire/ -- Altair (NASDAQ: ALTR), a global leader in computational science and artificial intelligence (AI), released results from an international survey which revealed high rates of adoption and implementation of organizational data and AI strategies globally.

Altair Global Survey Reveals Significant Opportunities to Improve Efficiency, Scale, and Success of Enterprise AI and Data Projects

TROY, Mich., May 31, 2023 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence, today announced that James R. Scapa, chairman and chief executive officer, and Matt Brown, chief financial officer, will participate in a fireside chat at the William Blair Growth Stock Conference on Wednesday, June 7, 2023 at 1:20 p.m. CT (2:20 p.m. ET).

Altair to Present at the William Blair Growth Stock Conference

Altair (ALTR) benefits from strategic innovation investments, accretive acquisitions and solid market demand.

Altair (ALTR) Hits 52-Week High: What's Driving the Stock?

New features deliver enhanced cloud collaboration, efficient end-to-end simulation workflows, and superior design creation with AI-powered simulation TROY, Mich. , May 23, 2023 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI) announced the latest updates to its simulation portfolio, Simulation 2022.3.

Altair Announces Release of Simulation 2022.3 Software Update

78% of businesses have adopted smart building tech to drive energy efficiency, lower costs, decrease carbon emissions, and manage return to work – yet gaps still exist TROY, Mich., May 19, 2023 /PRNewswire/ --  Toggled® , a wholly owned subsidiary of Altair (Nasdaq: ALTR) focused on intelligent building management solutions, released survey results revealing that while many businesses are embracing smart building technology to increase energy efficiency and lower costs, they fall short of their goals due to an inability to master the data.

Altair's Toggled Survey Reveals Overwhelming Adoption Rates for Smart Building Tech, Significant Headroom Remains for Data Analytics in Facilities Management

Scholarships will be awarded to undergraduate students pursuing a STEM-related degree TROY, Mich. , May 11, 2023 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI) is pleased to announce the creation of the "Altair #OnlyForward Scholarship" at the University of Michigan-Dearborn.

Altair Establishes $225,000 Scholarship at the University of Michigan-Dearborn

Altair hailed as top innovator in the manufacturing data analytics sector TROY, Mich. , May 9, 2023 /PRNewswire/ --  Altair  (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI) was named the overall leader in the manufacturing data analytics sector in the latest report by global technology intelligence firm ABI Research for advanced data collection, normalization, and analytics capabilities.

Altair Named Overall Leader in Latest ABI Research Report

Altair Engineering Inc. (NASDAQ:ALTR ) Q1 2023 Earnings Conference Call May 4, 2023 5:00 PM ET Company Participants David Simon - Senior Vice President, Investor Relations Jim Scapa - Founder, Chairman, and Chief Executive Officer Matt Brown - Chief Financial Officer Conference Call Participants Blair Abernethy - Rosenblatt Securities Ahmad Khalil - Oppenheimer Andrew Degasperi - Berenberg Charles Shi - Needham & Company Mark Schappel - Loop Capital Markets Operator Good day, and welcome to Altair's First Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only-mode.

Altair Engineering Inc. (ALTR) Q1 2023 Earnings Call Transcript

TROY, Mich., May 04, 2023 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence, today released its financial results for the first quarter ended March 31, 2023.

Altair Announces First Quarter 2023 Financial Results

Cloud-native software offers rapid structural simulation at the speed of thought TROY, Mich. , April 25, 2023 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), announced the release of Altair SimSolid Cloud, an innovative, cloud-native structural simulation software, allowing users to access next-generation simulation technology from any web browser anywhere, anytime.

Altair Releases Altair SimSolid Cloud

TROY, Mich., April 20, 2023 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence, will release its financial results for the first quarter ended March 31, 2023, after the market close on Thursday, May 4, 2023. 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 2023 results and second 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 First Quarter 2023 Financial Results Conference Call

Podcast features leading experts discussing the convergence of artificial intelligence, high-performance computing (HPC), data analytics, and more TROY, Mich. , April 20, 2023 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI) has launched the Future Says podcast, which is now available on all leading podcast platforms, including Spotify, Apple Podcasts, Google Podcasts, Amazon Music/Audible, and Podcast Addict.

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