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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TROY, Mich., Aug. 20, 2024 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, today responded to a statement from Matrix Capital Management.

Altair Responds to Matrix Capital Management Statement on Altair Holdings

DuPont, BMW M GmbH, Dow Inc., Toyota, General Motors, and others creating sustainable, lightweight future TROY, Mich., Aug. 6, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, has named the winners of the 2024 Altair Enlighten Award.

2024 Altair Enlighten Award Winners Announced

Fluor

Investors looking for stocks in the Engineering - R and D Services sector might want to consider either Fluor (FLR) or Altair Engineering (ALTR). But which of these two stocks presents investors with the better value opportunity right now?

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

Altair Engineering Inc. (NASDAQ:ALTR ) Q2 2024 Results Conference Call August 1, 2024 5:00 PM ET Company Participants Stephen Palmtag - Head of IR Jim Scapa - Founder, Chairman and CEO Matt Brown - CFO Conference Call Participants Matt Swanson - RBC Blair Abernethy - Rosenblatt Securities Charles Shi - Needham and Company Steve Tusa - JPMorgan Mark Schappel - Loop Capital Markets Dylan Becker - William Blair Operator Good day, and thank you for standing by. Welcome to the Altair Engineering Inc. Q2 2024 Earnings Conference Call.

Altair Engineering Inc. (ALTR) Q2 2024 Earnings Call Transcript

Altair Engineering (ALTR) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.15 per share a year ago.

Altair Engineering (ALTR) Q2 Earnings and Revenues Top Estimates

TROY, Mich., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, today released its financial results for the second quarter and six months ended June 30, 2024.

Altair Announces Second Quarter 2024 Financial Results

Complex fatigue analysis reduced development time for vehicle infotainment components by more than 20% TROY, Mich. , July 31, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, and LG Electronics Vehicle component Solutions Company (LG VS Company) have collaborated to develop analysis solutions aimed at extending product lifespans.

One Model, One Solver: Altair and LG Electronics Develop All-in-One Analysis Solution to Significantly Extend Product Lifespans

Luca Sutton of the TUfast Eco Team slashed 41% of weight from Shell Eco-marathon vehicle suspension with Altair® Inspire™ TROY, Mich. , July 25, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, is thrilled to announce Luca Sutton, a member of the TUfast Eco Team, as the grand prize winner of the 2023-2024 Altair Global Student Contest.

Altair Announces Winner of the 2023-2024 Altair Global Student Contest

University to use the Altair ® HyperWorks® and Altair ® RapidMiner® platforms in groundbreaking electric propulsion digital twin project TROY, Mich. , July 23, 2024 /PRNewswire/ --  Altair  (Nasdaq: ALTR), a global leader in computational intelligence, has signed a memorandum of understanding (MoU) with the U.K.-based University of Nottingham for a digital twin project within the aerospace sector.

Altair Signs MoU with the University of Nottingham to Develop Aerospace Digital Twin Project

TROY, Mich., July 18, 2024 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, will release its financial results for the second quarter ended June 30, 2024, after the market close on Thursday, August 1, 2024. 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 2024 results and third quarter and full year 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 Second Quarter 2024 Financial Results Conference Call

Live technology demos to focus on solutions in aerospace design, production, and maintenance TROY, Mich. , July 18, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, will showcase its latest innovations in engineering simulation, artificial intelligence (AI), and high-performance computing (HPC) at the Farnborough International Airshow 2024, taking place July 22 to July 26 at the Farnborough International Exhibition and Conference Centre, U.K. Altair solutions are transforming aerospace engineering and production processes.

Altair to Showcase Cutting-Edge AI-Powered Engineering at Farnborough International Airshow 2024

Latest enhancements solidify platform's status as the market's world-class environment for AI-powered simulation-driven innovation TROY, Mich. , July 10, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, announced the release of Altair® HyperWorks® 2024, the market's leading platform for design and simulation.

Altair Releases Altair® HyperWorks® 2024

Altair's EDA solutions enable verification from semiconductor design to production in one place, addressing various design requirements SEOUL, South Korea , July 9, 2024 /PRNewswire/ -- Altair  (Nasdaq: ALTR), a global leader in computational intelligence, has been selected as an electronic design automation (EDA) partner for the Samsung Advanced Foundry Ecosystem (SAFE™). Through this collaboration, Altair and Samsung Electronics will combine Altair's comprehensive EDA technology with Samsung Foundry's manufacturing capabilities to establish a more innovative, more efficient semiconductor design and production process.

Altair Named Samsung Advanced Foundry Ecosystem Partner

Altair (NASDAQ: ALTR) is a software solution company.

Here's Why Altair Will Likely Announce a Stock Split

Altair (ALTR) benefits from strategic acquisitions, solid investments in engineering artificial intelligence and rising demand for its differentiative products.

Altair (ALTR) Intends to Buy Metrics, Expands in the EDA Market

TROY, Mich., July 01, 2024 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, announced it has entered into a definitive agreement to acquire all of the outstanding capital stock of Metrics Design Automation Inc. (Metrics), a Canadian company with a game changing simulation as a service (SaaS) business model for semiconductor electronic functional simulation and design verification.

Altair Signs Agreement to Acquire Metrics Design Automation Inc. Expands Footprint in EDA Industry

Altair (ALTR) bridges the gap in 3D printing design and production with HP collaboration.

Altair (ALTR) Enhances 3D Printing Capabilities With HP Deal

HP data will bolster Altair ® Material Data Center™ bridging gap between design and production of 3D-printed parts TROY, Mich. , June 24, 2024 /PRNewswire/ --  Altair  (Nasdaq: ALTR), a global leader in computational intelligence, has signed an agreement with HP Inc. in which HP will provide Altair with proprietary material information that will bolster the Altair ® Material Data Center™, which enables designers, engineers, and scientists to browse, search, and compare materials in a standalone application or through the interface of their simulation and optimization tools.

Altair Announces Material Collaboration with HP Inc.

Altair recognized in the report's Leaders' Quadrant for Completeness of Vision and Ability to Execute TROY, Mich. , June 20, 2024  /PRNewswire/ -- Altair  (Nasdaq: ALTR), a global leader in computational intelligence, today announced that it has been positioned by Gartner as a Leader in the Magic Quadrant for Data Science and Machine Learning Platforms for its offering, Altair® RapidMiner®.

Altair Named a Leader in the June 2024 Gartner® Magic Quadrant™ for Data Science and Machine Learning Platforms

TROY, Mich. , June 20, 2024 /PRNewswire/ --  Altair  (Nasdaq: ALTR), a global leader in computational intelligence, was added to the S&P MidCap 400 by S&P Dow Jones Indices effective prior to the open of trading on Monday, June 24.

Altair Added to S&P MidCap 400

Addition will expand access to Altair's digital engineering experience TROY, Mich. , June 17, 2024 /PRNewswire/ --  Altair  (Nasdaq: ALTR), a global leader in computational intelligence, announced that Altair One ®, Altair's cloud innovation gateway, is now available on Google Cloud Marketplace, opening up a world of possibilities for users seeking seamless access to powerful simulation , data analytics , and high-performance computing (HPC) capabilities.

Altair One® Cloud Innovation Gateway Now Available on Google Cloud Marketplace

TROY, Mich. , June 12, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, is thrilled to showcase the highlights of its role as the official computational science and artificial intelligence (AI) partner for the New York Yacht Club (NYYC) American Magic team ahead of its quest for victory in the 37th America's Cup, beginning August 22.

Altair's Leading Computational Intelligence Technology Drives NYYC American Magic Team's Quest to Win the 37th America's Cup

Investors interested in stocks from the Engineering - R and D Services sector have probably already heard of Babcock International Group PLC (BCKIY) and Altair Engineering (ALTR). But which of these two stocks is more attractive to value investors?

BCKIY vs. ALTR: Which Stock Is the Better Value Option?

Event will  showcase AI-driven innovations in design, simulation, and manufacturing TROY, Mich. , June 10, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR) a global leader in computational intelligence, announced its ATCx AI for Engineers 2024 global virtual event will be held on June 20.

Altair Announces ATCx AI for Engineers 2024 Global Virtual Event

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