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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Earnings data Q3 2023

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Earnings data Q1 2024

Earnings data Q2 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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The average of price targets set by Wall Street analysts indicates a potential upside of 44.5% in Altair Engineering (ALTR). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Can Altair Engineering (ALTR) Climb 45% to Reach the Level Wall Street Analysts Expect?

Altair's workload manager and co-scheduler will accelerate critical research and discovery by hundreds of hours on two of the nation's most powerful supercomputers DALLAS , Nov. 14, 2022 /PRNewswire/ -- SC22 -- Altair  (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), and the U.S. Department of Energy's (DOE) Argonne National Laboratory announced the use of the on-demand workload manager and scheduler – Altair PBS Professional – to accelerate scientific breakthroughs, including efforts aimed at solving the world's energy crises. Argonne's Polaris supercomputer is utilizing the technology to help scientists find ways to slash greenhouse gas emissions through research into fusion energy, better biofuels, and safer and more reliable next-generation nuclear reactors.

U.S. Department of Energy's Argonne National Lab Deploys Altair PBS Professional to Fast Track Scientific Discoveries

Altair Engineering Inc. (NASDAQ:ALTR ) Q3 2022 Results Conference Call November 3, 2022 5:00 PM ET Company Participants Dave Simon - SVP, IR James Scapa - Founder, Chairman and CEO Matt Brown - CFO Conference Call Participants Dylan Becker - William Blair Ahmad Khalil - Oppenheimer Blair Abernethy - Rosenblatt Matthew Murakami - RBC Capital Markets Gal Munda - Wolfe Research Mark Schappel - Loop Capital Andrew DeGasperi - Berenberg Operator Good day, and thank you for standing by. Welcome to Altair's Third Quarter 2022 Earnings Conference Call.

Altair Engineering Inc. (ALTR) Q3 2022 Earnings Call Transcript

Altair Engineering (ALTR) delivered earnings and revenue surprises of 400% and 0.74%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Altair Engineering (ALTR) Beats Q3 Earnings and Revenue Estimates

TROY, Mich. , Nov. 2, 2022 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), announced that Ravi Kunju has been named Altair's chief product and strategy officer.

Altair Appoints Ravi Kunju to Chief Product and Strategy Officer

TROY, Mich., Nov. 01, 2022 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence, today announced that Matt Brown, chief financial officer, will present at the RBC Capital Markets Global Technology, Internet, Media, and Telecommunications Conference on Tuesday, November 15, 2022 at 10 a.m. ET.

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

TROY, Mich., Oct. 20, 2022 (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, 2022, after the market close on Thursday, November 3, 2022. 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 results and fourth quarter and full year 2022 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 2022 Financial Results Conference Call

Altair ranked 46th among the top 100 U.S. companies recognized for employee sentiment and satisfaction TROY, Mich. , Oct. 12, 2022 /PRNewswire/ -- Altair  (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), is featured on  Newsweek's 2022 Most Loved Workplaces  list, and ranked 46 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 2022

Comprehensive, end-to-end offering gives anyone the power of digital twin technology TROY, Mich. , Oct. 4, 2022 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), announced the launch of its broad digital twin solution that features the market's most connected, cross-functional capabilities that can be deployed through any and every stage of a product lifecycle.

Altair Presents Open, Flexible, and Scalable Total Digital Twin Solution

New features enable more efficient, sustainable innovations and product lifecycles TROY, Mich. , Sept. 19, 2022 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), announced the latest updates to its simulation portfolio, Simulation 2022.1.

Altair Announces Release of Simulation 2022.1 Software Update

TROY, Mich. , Sept. 16, 2022 /PRNewswire/ --  Altair  (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), has completed the acquisition of RapidMiner, a leader in advanced data analytics and machine learning (ML) software.

Altair Announces Completion of Acquisition of RapidMiner

Virtual event will feature international speakers discussing the latest technology, tools, and trends in computational science TROY, Mich. , Sept. 15, 2022 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), is thrilled to announce the launch of Future.Industry 2022, the company's flagship annual event.

Altair Announces Future.Industry 2022 Global Flagship Event

Key technology extends reach and scale of data analytics suite TROY, Mich. , Sept. 13, 2022 /PRNewswire/ --  Altair  (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), signed a definitive agreement to acquire RapidMiner, a leader in advanced data analytics and machine learning (ML) software.

Altair to Acquire RapidMiner, Continuing Expansion of Broad Data Analytics Portfolio

Global survey finds widespread adoption of digital twins across industries, delivering transformative business impact in product development, risk assessment, and sustainability TROY, Mich. , Sept. 13, 2022 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), today released results from an independent, international survey, which confirms a surge in worldwide adoption of digital twin technology.

Say Goodbye to the Crash Test Dummy? Altair Survey Reveals Digital Twin Technology May Make Physical Prototyping Obsolete in the Next 4-6 Years

OpenRadioss now available worldwide TROY, Mich. , Sept. 8, 2022 /PRNewswire/ -- Altair  (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI) announced that Altair Radioss – an industry-proven finite element analysis (FEA) dynamic simulation code – is now available as an open-source technology under the name OpenRadioss.

Industry-Proven Altair Radioss Finite Element Analysis Solver Now Available as Open-Source Solution

TROY, Mich., Aug. 11, 2022 (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 virtually present via fireside chat at the Rosenblatt 2nd Annual AI Conference on Thursday, August 25, 2022 at 11:00 a.m. ET.

Altair To Virtually Present at the Rosenblatt 2nd Annual AI Conference

Agreement expands upon the companies' collaboration since 2019 to include simulation technology and services TROY, Mich. , Aug. 11, 2022 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), has once again been named an official supplier of Luna Rossa Prada Pirelli for the 37th America's Cup.

Altair Named Official Supplier for Luna Rossa Prada Pirelli Team in its Challenge for the 37th America's Cup

Altair Engineering, Inc. (NASDAQ:ALTR ) Q2 2022 Earnings Conference Call August 4, 2022 5:00 PM ET Company Participants Dave Simon - SVP, Investor Relations Jim Scapa - Founder, Chairman & CEO Matt Brown - CFO Conference Call Participants Ken Wong - Oppenheimer Blair Abernethy - Rosenblatt Operator Good day, and thank you for standing by. Welcome to the Altair Q2 2022 Earnings Conference Call.

Altair Engineering, Inc. (ALTR) CEO Jim Scapa on Q2 2022 Results - Earnings Call Transcript

Altair Engineering (ALTR) delivered earnings and revenue surprises of 44.44% and 2.33%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Altair Engineering (ALTR) Q2 Earnings and Revenues Surpass Estimates

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Ford, Shiloh Industries, General Motors, Toyota, BASF, Nemak, and McMaster University among winners creating a more sustainable, lightweight future TROY, Mich. , Aug. 2, 2022 /PRNewswire/ -- Altair (Nasdaq: ALTR) a global leader in computational science and artificial intelligence (AI), has named the winners of the 10th annual Altair Enlighten Award.

Altair Announces Winners of 10th Annual Enlighten Award

Altair Engineering (ALTR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Can Altair Engineering (ALTR) Keep the Earnings Surprise Streak Alive?

TROY, Mich., July 27, 2022 (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 virtually present at the Oppenheimer 25th Annual Technology, Internet & Communications Conference on Wednesday, August 10, 2022 at 12:25 p.m. ET.

Altair To Virtually Present at the Oppenheimer 25th Annual Technology, Internet & Communications Conference

TROY, Mich., July 21, 2022 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence, will release its financial results for the second quarter ended June 30, 2022, after the market close on Thursday, August 4, 2022. On that day, management will hold a conference call and webcast at 5 p.m. ET to review and discuss the Company's second quarter results and third quarter and full year 2022 outlook. A recorded version of this webcast will be available after the call and accessible at http://investor.altair.com.

Altair Announces Date of Second Quarter 2022 Financial Results Conference Call

Companies Sign Digital Transformation and Simulation Memorandum of Understanding TROY, Mich. , July 11, 2022 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), recently signed a memorandum of understanding with LG Electronics (LG) to accelerate the digital transformation of product development.

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