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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Award spotlights the automotive industry's finest innovations in sustainable, lightweight design TROY, Mich. , Feb. 16, 2023 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), announced the 2023 Enlighten Award is now open for submissions.

2023 Altair Enlighten Award Open for Entries

Altair provides data analytics and AI technology to optimize NYYC American Magic team's performance TROY, Mich. , Feb. 14, 2023 /PRNewswire/ --  Altair  (Nasdaq: ALTR) announced it has been named the official computational science and artificial intelligence (AI) partner for the New York Yacht Club American Magic, challenger for the 37th America's Cup.

Altair and New York Yacht Club American Magic Announce Partnership for the 37th America's Cup

TROY, Mich., Feb. 09, 2023 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence, will release its financial results for the fourth quarter and fiscal year ended December 31, 2022, after the market close on Thursday, February 23, 2023. On that day, management will hold a conference call and webcast at 5 p.m. ET to review and discuss the Company's fourth quarter and full year 2022 results and 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 Fourth Quarter and Full Year 2022 Financial Results Conference Call

Virtual event will feature experts discussing the latest technology, tools, and trends in computational science and data analytics TROY, Mich. , Feb. 8, 2023 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and intelligence is pleased to announce Future.Industry 2023, the company's flagship annual event, that will take place virtually on March 8-9.

Altair Announces Future.Industry 2023 Global Flagship Event

Altair Engineering (ALTR) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Altair Engineering (ALTR) Stock Jumps 7.5%: Will It Continue to Soar?

Altair SimSolid will streamline Airbus teams in their development of the world's first zero-emission commercial aircraft TROY, Mich. , Jan. 31, 2023 /PRNewswire/ -- Altair  (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), announced that Airbus Commercial has selected Altair SimSolid – the game-changing simulation technology that performs structural analyses on fully featured CAD assemblies within minutes – in its  ZEROe global initiative , which aims to create the world's first zero-emission commercial aircraft.

Airbus Commercial Selects Altair SimSolid in ZEROe Sustainable Aircraft Initiative

Nearly 30,000 students and faculty to access simulation, data analytics, and high-performance computing solutions TROY, Mich. , Jan. 24, 2023 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), has signed a multiyear campuswide license agreement with TU Delft, the Netherlands' oldest and largest public technical university which is ranked 10th for engineering and technology in the QS World University Rankings.

Altair and TU Delft Sign Campuswide License Agreement

Altair Units licensing system will provide access to full suite of Altair solutions TROY, Mich. , Jan. 17, 2023 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI) announced that Soltec, a global solar equipment manufacturer based in Murcia, Spain, will be utilizing Altair technology within its research and development (R&D) division.

Soltec Will Adopt Altair Technology to Accelerate and Advance Research and Development Efforts

New features improve cloud elasticity/scalability, electrification capabilities, and product development decision-making TROY, Mich. , Jan. 9, 2023 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), announced the latest updates to its simulation portfolio, Simulation 2022.2.

Altair Announces Release of Simulation 2022.2 Software Update

ALTR has healthy business fundamentals that I believe are not fully reflected in the stock price. Automotive remains a strong market for the long term, and I believe ALTR can target and achieve 30%+ EBITDA margins.

Altair Engineering: Strong Business Fundamentals And Expanding Margins

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TROY, Mich. , Dec. 20, 2022 /PRNewswire/ -- Altair (Nasdaq: ALTR) a global leader in computational science and artificial intelligence (AI), has invested $10 million in Xscape Photonics, a start-up that developed patented technology for photonic chips for ultrahigh-bandwidth connections inside data centers and high-performance computing (HPC) systems.

Altair Leads Seed Funding for Xscape Photonics with $10 Million Investment

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

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.

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