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

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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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Modern, turnkey solution offers unprecedented data analytics capabilities through an out-of-the-box, user-ready, plug-and-play offering TROY, Mich. , June 28, 2022 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science, high performance computing (HPC) and artificial intelligence (AI), is thrilled to announce it has launched the Altair Unlimited data analytics appliance, an all-in-one turnkey solution, which will democratize enterprise-wide data analytics and empower users to glean more data insights than ever.

Altair Releases Altair Unlimited Data Analytics Appliance

Solution can now be sold in the U.S. and around the world, providing customers an alternative to the SAS language environment TROY, Mich. , June 27, 2022 /PRNewswire/ -- Altair  (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), paid and fully satisfied the 2019 North Carolina judgment SAS Institute obtained against recently acquired World Programming (WPL), a UK-based technology company that specializes in data analytics software.

Court Lifts Final Injunction in Favor of Altair in World Programming Case

TROY, Mich., June 24, 2022 (GLOBE NEWSWIRE) -- Altair Engineering Inc. (Nasdaq: ALTR) (“Altair”) today announced the closing of its private offering of convertible senior notes and the exercise in full of the initial purchaser's option to purchase additional convertible senior notes. At a closing on June 14, 2022, Altair sold $200 million aggregate principal amount of 1.750% convertible senior notes due 2027 and at a closing on June 24, 2022, Altair sold an additional $30 million aggregate principal amount of such notes upon the initial purchaser's exercise in full of its option.

Altair Announces Sale of $230 Million Aggregate Principal Amount of Convertible Senior Notes

Latest advancement connects individual fixtures to the Toggled iQ Network Lighting Control system, giving users pinpoint control while delivering added energy savings TROY, Mich. , June 20, 2022 /PRNewswire/ --  Toggled® , a wholly owned subsidiary of Altair (Nasdaq: ALTR) focused on intelligent building management solutions, today announced the new Toggled iQ Fixture Controller.

Toggled Unveils New Fixture Controller for Network Lighting Control Management at LightFair 2022

The Concept Engineering buyout will help Altair Engineering (ALTR) in expanding electronic system design technology.

Altair (ALTR) Acquires Concept Engineering, Expands Reach

TROY, Mich. , June 13, 2022 /PRNewswire/ -- Altair  (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), acquired Concept Engineering, the leading provider of electronic system visualization software that accelerates the development, manufacture, and service of complex electrical and electronic systems.

Altair Expands Electronic System Design Technology with Acquisition of Concept Engineering

TROY, Mich. , June 10, 2022 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence, today announced the pricing of $200 million aggregate principal amount of Convertible Senior Notes due 2027 (the "notes") in a private offering (the "offering") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act").

Altair Announces Pricing of Offering of $200 Million of Convertible Senior Notes

TROY, Mich. , June 9, 2022 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence, today announced its intention to offer, subject to market conditions and other factors, $200 million aggregate principal amount of Convertible Senior Notes due 2027 (the "notes") in a private offering (the "offering") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act").

Altair Announces Proposed Private Offering of $200 Million of Convertible Senior Notes

TROY, Mich. , June 6, 2022 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), acquired Gen3D, a startup out of the University of Bath, U.K. Gen3D is a pioneer implementing the implicit geometry method for describing highly complex geometries such as lattice structures in additive manufacturing (AM).

Altair Expands Design Technology for Additive Manufacturing with Acquisition of Gamma

TROY, Mich., June 01, 2022 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence, today announced that James Scapa, chairman and chief executive officer, and Matt Brown, chief financial officer, will participate in the following investor conferences:

Altair To Present at Upcoming Investor Conferences

Altair Engineering, Inc. (NASDAQ:ALTR ) Q1 2022 Earnings Conference Call May 5, 2022 5:00 PM ET Company Participants Dave Simon - CAO Jim Scapa - Founder, Chairman & CEO Matt Brown - CFO Conference Call Participants Blair Abernethy - Rosenblatt Mark Schappel - Loop Capital Dylan Becker - William Blair Operator Hello. Thank you for standing by, and welcome to the Altair Engineering, Inc. First Quarter 2022 Earnings Conference Call.

Altair Engineering's (ALTR) CEO Jim Scapa on Q1 2022 Results - Earnings Call Transcript

Altair Engineering (ALTR) delivered earnings and revenue surprises of 26.67% and 4.09%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Altair Engineering (ALTR) Q1 Earnings and Revenues Top Estimates

Altair Achieves Record Quarterly Revenue Altair Achieves Record Quarterly Revenue

Altair Announces First Quarter 2022 Financial Results

TROY, Mich., May 02, 2022 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence, today announced that James Scapa, chairman and chief executive officer, and Matt Brown, chief financial officer, will participate in fireside chats at the following investor conferences:

Altair To Virtually Present at Upcoming Investor Conferences

Latest software updates bolster Altair's connectivity, AEC, and electronics capabilities TROY, Mich. , April 26, 2022 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), announces the release of its latest simulation solutions, which focus on next-generation connectivity, architecture, engineering, and construction (AEC), as well as circuit board and electronic design capabilities; the release also includes a myriad of updates to Altair's traditional solutions.

Altair Simulation 2022 Released

TROY, Mich., April 21, 2022 (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, 2022, after the market close on Thursday, May 5, 2022. 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 results and second 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 First Quarter 2022 Financial Results Conference Call

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Proven technology and experienced technical team will amplify Altair's power electronics solutions TROY, Mich., March 3, 2022 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), acquired Powersim, a market-leading provider of simulation and design tools for power electronics, including power supplies, motor drives, control systems, and microgrids.

Altair Expands Electronic System Design Technology with Acquisition of Powersim

The consensus price target hints at a 32.8% upside potential for Altair Engineering (ALTR). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts Think Altair Engineering (ALTR) Could Surge 33%: Read This Before Placing a Bet

Altair Engineering's (ALTR) CEO Jim Scapa on Q4 2021 Results - Earnings Call Transcript

Altair Engineering (ALTR) delivered earnings and revenue surprises of 111.11% and 12%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Altair Engineering (ALTR) Q4 Earnings and Revenues Beat Estimates

Full Year 2021 Software Product Revenue Grew 15.8%, Exceeding Expectations Full Year 2021 Software Product Revenue Grew 15.8%, Exceeding Expectations

Altair Announces Fourth Quarter and Full Year 2021 Financial Results

Altair Engineering (ALTR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Altair Engineering (ALTR) Q4 Earnings Expected to Decline

TROY, Mich., Feb. 16, 2022 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence, today announced that James R. Scapa, founder and chief executive officer, and Matt Brown, chief financial officer, will virtually present via a fireside chat format at the Berenberg Thematic Software Conference on Tuesday, March 1, 2022 at 12:00 p.m. EST.

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