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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Collaboration brings together Altair's complete HPC software suite with HPE's HPC systems, ushering in exascale era TROY, Mich., Jan. 6, 2022 /PRNewswire/ -- Altair (Nasdaq: ALTR), the global leader converging simulation, HPC, and AI, signed a multi-year agreement with Hewlett Packard Enterprise (HPE) to offer Altair's HPC solution suite for job scheduling and management with HPE's HPC systems to support next-generation supercomputing.

Altair Signs Comprehensive Multi-Year Agreement with Hewlett Packard Enterprise

TROY, Mich., Dec. 29, 2021 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), the global leader converging simulation, HPC, and AI, today announced that James Scapa, chairman and chief executive officer, and Matt Brown, chief financial officer, will virtually present via a fireside chat format at the 24th Annual Needham Growth Conference on Wednesday, January 12, 2022 at 11:20 a.m. ET.

Altair To Virtually Present at the 24th Annual Needham Growth Conference

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Acquisition enables customers to leverage the SAS language with modern languages like Python and open-source technologies to achieve best-in-class data analytics solutions TROY, Mich., Dec. 15, 2021 /PRNewswire/ -- Altair (Nasdaq: ALTR), the global leader converging simulation, HPC, and AI, today acquired World Programming, a UK-based technology company specializing in data analytics software used by many of the world's leading companies including financial services and insurance organizations.

Altair Acquires World Programming to Advance Organizations' Digital Transformation

TROY, Mich., Dec. 10, 2021 /PRNewswire/ --  Altair  (Nasdaq: ALTR), the global leader converging simulation, HPC, and AI, announced that Sandy Carter, senior vice president and channel chief of Unstoppable Domains, Inc., a software company building domains on blockchains, has joined Altair's board of directors.

Sandy Carter Joins Altair Board of Directors

TROY, Mich., Dec. 9, 2021 /PRNewswire/ -- Altair (Nasdaq: ALTR), the global leader converging simulation, HPC, and AI, was recently selected to Investor's Business Daily's (IBD) "Best 100 ESG Companies" List.

Altair Featured on Investor's Business Daily's Best 100 ESG Companies List

Altair ® PBS Professional® will orchestrate workloads for massive high-performance computing systems including the Polaris and Aurora supercomputers, boosting the world's most important research efforts TROY, Mich. and LEMONT, Ill.

Argonne National Laboratory Selects Altair to Turbocharge Scientific Breakthroughs in the Exascale Era

Altair Engineering Inc. (ALTR) CEO Jim Scapa on Q3 2021 Results - Earnings Call Transcript

Exceeds Expectations for Third Quarter 2021, Raises Outlook for the Year Exceeds Expectations for Third Quarter 2021, Raises Outlook for the Year

Altair Announces Third Quarter 2021 Financial Results

TROY, Mich., Nov. 4, 2021 /PRNewswire/ -- Altair (Nasdaq: ALTR), the global leader converging simulation, HPC, and AI, was named to Inc. magazine's 2021 Best-Led Companies list.

Inc. Magazine Selects Altair for 2021 Best-Led Companies List

TROY, Mich., Nov. 03, 2021 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), the global leader converging simulation, HPC, and AI, today announced that James Scapa, chairman and chief executive officer, and Matt Brown, chief financial officer, will virtually present via a fireside chat format at the RBC Global Technology, Internet, Media and Telecom Conference on Wednesday, November 17, 2021 at 1:20 p.m. ET.

Altair To Virtually Present at the RBC Global Technology, Internet, Media and Telecom Conference

TROY, Mich., Nov. 3, 2021 /PRNewswire/ -- Altair (Nasdaq: ALTR), the global leader converging simulation, HPC, and AI, today relaunched its startup program, a series of tailored, discounted technology packages, which give startups access to Altair's unique software solutions.

Altair Relaunches Startup Program

Altair ranked 35th among the top 100 U.S. companies recognized for employee satisfaction TROY, Mich., Oct. 25, 2021 /PRNewswire/ --  Altair (Nasdaq: ALTR), the global leader converging simulation, HPC, and AI, is featured on Newsweek's 2021 Most Loved Workplaces  list, and ranked 35th 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 2021

New Area Lighting Controller and Plug Load Controller for Toggled iQ lets users better control third-party lighting technology and plug loads to deliver substantial energy savings  TROY, Mich., Oct. 25, 2021 /PRNewswire/ --  Toggled , a wholly owned subsidiary of  Altair  (Nasdaq: ALTR) focused on intelligent building management solutions, today announced two new products that will allow businesses to substantially reduce energy costs and improve facility operations: Toggled iQ Area Lighting Controller and Toggled iQ Plug Load Controller.

Toggled Unveils Next Generation Intelligent Building Technology at LightFair 2021

Toggled iQ's smart building platform improves building facilities management, increases energy efficiency, improves tenant satisfaction, and reduces costs  TROY, Mich., Oct. 18, 2021 /PRNewswire/ --  Toggled , a wholly owned subsidiary of  Altair  (Nasdaq: ALTR) focused on smart building management solutions and lighting technology, today announced the roll-out of its comprehensive connected building data and device management solution, Toggled iQ.

Toggled Launches Toggled iQ Smart Building Control Solutions for Sustainable Operations

2021.2 simulation software update delivers AI-driven speed, democratization, and innovation at every stage of the development cycle for complex products and systems TROY, Mich., Oct. 5, 2021 /PRNewswire/ -- Altair (Nasdaq: ALTR), the global leader converging simulation, HPC, and AI, announced significant enhancements to its integrated portfolio of simulation and design tools.

Altair Fuels Better Decision Making and Faster Optimization with Latest Release of Integrated Simulation and Analysis Portfolio

TROY, Mich., Sept. 30, 2021 /PRNewswire/ -- Altair, the global leader converging simulation, HPC, and AI, is proud to announce the Altair® Material Data Center™ consortium, designed to help make the Altair Material Data Center (AMDC) a best-of-breed materials information resource to support innovative product design and manufacturing.

Altair Launches Consortium to Accelerate World-Class Altair Material Data Center for Engineers and Designers

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TROY, Mich., Sept. 27, 2021 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global technology company providing software and cloud solutions in the areas of simulation, high-performance computing, data analytics and artificial intelligence today announced a private placement financing of $200 million from Matrix Capital Management Company LP, one of the Company's largest stockholders, in exchange for 2,935,564 shares of its Class A common stock. Per the terms of the agreement, the shares will be subject to a 1-year lockup period.

Altair Announces Private Placement Financing of $200 Million from Matrix Capital Management Company LP

Altair Engineering (ALTR) inks collaboration with TrueInsight to offer tailor-made support for customers across the country.

Altair Engineering (ALTR) Ties Up With TrueInsight, Widens Reach

TROY, Mich., Sept. 21, 2021 /PRNewswire/ -- Altair  (Nasdaq: ALTR), the global leader converging simulation, HPC, and AI, signed a new channel partner agreement with TrueInsight, based in Sandy, UT.

Altair Names TrueInsight to Altair Channel Partner Program, Expanding Reach in U.S.

Ford, Samsung Mobile, BMW, and Altium among featured keynotes TROY, Mich., Sept. 16, 2021 /PRNewswire/ -- Altair (Nasdaq: ALTR), the global leader converging simulation, HPC, and AI, will host a global digital experience, Future.Industry, October 19-21, with a focus on advances in manufacturing.

Altair Future.Industry Experience Explores What's Next in Advanced Manufacturing

TROY, Mich., Aug. 12, 2021 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global technology company providing software and cloud solutions in the areas of simulation, high-performance computing, data analytics and artificial intelligence today announced that James Scapa, chairman and chief executive officer, and Matt Brown, chief financial officer, will virtually present via fireside chat format at the Rosenblatt Technology Summit: The Age of AI Scaling on Thursday, August 26, 2021 at 8:00 a.m. ET.

Altair to Virtually Present at the Rosenblatt Technology Summit: The Age of AI Scaling

As an innovator in AEC structural simulation and certification for 40 years, S-FRAME Software is a leading advocate for the use of timber in building design TROY, Mich., Aug. 10, 2021 /PRNewswire/ -- Altair (Nasdaq: ALTR), the global leader converging simulation, HPC, and AI, today announced that it has acquired S-FRAME Software, a structural analysis software platform used by engineers to evaluate a structure's ability to withstand external loads (like wind, water, and snow) and meet design code requirements around the world.

Altair Acquires S-FRAME Software, Powerful Structural Analysis and Design Software, to Strengthen and Accelerate Global Footprint in Architecture, Engineering, and Construction (AEC)

News for Altair Engineering Stock (ALTR)