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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

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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Altair Engineering's (ALTR) CEO Jim Scapa on Q2 2021 Results - Earnings Call Transcript

Altair Engineering (ALTR) delivered earnings and revenue surprises of 600.00% and 7.55%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Altair Engineering (ALTR) Tops Q2 Earnings and Revenue Estimates

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

Altair Announces Second Quarter 2021 Financial Results

Industry's only award dedicated to vehicle lightweighting and sustainability honors greatest advancements in reducing the carbon footprint, mitigating water and energy consumption, and promoting material reuse and recycling TROY, Mich., Aug. 4, 2021 /PRNewswire/ -- Altair, the global leader converging simulation, HPC, and AI, proudly announces the winners of the 9th annual Altair Enlighten Award.

Winners of Altair Enlighten Award Feature Weight-saving Design Innovations That Cut Automotive CO2 Emissions

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.

Altair Engineering (ALTR) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

TROY, Mich., July 22, 2021 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global technology company providing solutions in simulation, high-performance computing (HPC), and artificial intelligence (AI), will release its financial results for the second quarter ended June 30, 2021, after the market close on Thursday, August 5, 2021. On that day, management will hold a conference call and webcast at 5:00 p.m. ET to review and discuss the Company's second quarter results and third quarter and full year 2021 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 2021 Financial Results Conference Call

TROY, Mich., July 19, 2021 /PRNewswire/ --  Altair  (Nasdaq: ALTR) announced that Shekar Ayyar has joined Altair's board of directors.

Shekar Ayyar Joins Altair Board of Directors

Altair Engineering's (ALTR) launch of Altair SmartWorks is set to empower augmented, data-driven decision making.

Altair (ALTR) Unveils SmartWorks, Bolsters Product Innovation

TROY, Mich., June 14, 2021 /PRNewswire/ -- Altair  (Nasdaq: ALTR), a global technology company providing solutions in simulation, high-performance computing (HPC), and artificial intelligence (AI) announced the release of Altair SmartWorks, its next-generation, cloud-native platform to empower augmented, data-driven decision making.

Cloud-native Altair® SmartWorks™ Empowers Enterprises to Make Data-driven Decisions

TROY, Mich., June 03, 2021 (GLOBE NEWSWIRE) -- Altair  (Nasdaq: ALTR), a global technology company providing solutions in simulation, high-performance computing (HPC), and artificial intelligence (AI) announced that Jim F. Anderson was elected to Altair's board of directors at the June 2, 2021 annual stockholder meeting.

Jim F. Anderson Joins Altair Board of Directors

TROY, Mich., June 01, 2021 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global technology company providing solutions in the areas of simulation, high-performance computing (HPC), and artificial intelligence (AI), announced today that James Scapa, chairman and chief executive officer, and Matt Brown, chief financial officer, will virtually present via fireside chat format at the Berenberg 2021 Design Software Conference on Tuesday, June 15, 2021 at 10 a.m. EDT / 3 p.m. BST.

Altair to Virtually Present at the Berenberg 2021 Design Software Conference

TROY, Mich., May 26, 2021 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global technology company providing solutions in simulation, high-performance computing (HPC), and artificial intelligence (AI) announces the release of its latest simulation solutions, including comprehensive computational fluid dynamics (CFD) and expanded capabilities in electronic system design (ESD).

Altair Announces Latest Release of Simulation Solutions

Event will feature presentations from NVIDIA, Rolls-Royce, HSBC, Intel, Google, JLR, Microsoft, Oracle, and more TROY, Mich., May 21, 2021 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global technology company providing solutions in simulation, high-performance computing (HPC), and artificial intelligence (AI) will hold its Future.AI event, June 15-17.

Altair Future.AI Global Event to Demonstrate How Artificial Intelligence and Analytics Accelerate Digital Transformation

TROY, Mich., May 20, 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 it has adjourned its 2021 Annual Meeting of Stockholders in order to provide stockholders with ample time to consider the modification of Altair's Board of Directors' proposal to nominate Dr. Mary Boyce, who has served on the Board since 2018, and Jim F. Anderson who has not previously served on the Board. The adjourned meeting will be held at 1:00 p.m. ET on Wednesday, June 2, 2021 at the following url: www.virtualshareholdermeeting.com/ALTR2021. The record date for the annual meeting is March 25, 2021.

Altair Announces Adjournment of Annual Meeting

TROY, Mich., May 10, 2021 /PRNewswire/ --  Altair (Nasdaq: ALTR), a global technology company providing solutions in simulation, high-performance computing (HPC), and artificial intelligence (AI) announced general availability for a host of new features and functionality in Altair One , a fully integrated platform that brings together the company's entire product suite and HPC capabilities to facilitate seamless collaboration and faster time-to-market.

Altair One Cloud Platform Delivers Most Advanced Environment for Collaborative, Data-driven Design and Development

Altair Engineering Inc. (ALTR) CEO Jim Scapa on Q1 2021 Results - Earnings Call Transcript

Delivers Record Software Revenue and Total Revenue, Exceeding Expectations Delivers Record Software Revenue and Total Revenue, Exceeding Expectations

Altair Announces First Quarter 2021 Financial Results

Altair enables 97 percent utilization of HPC infrastructure to optimize processing compute-intensive simulations, powering innovation and cutting-edge design  TROY, Mich., May 6, 2021 /PRNewswire/ --  Altair (Nasdaq: ALTR), a global technology company providing solutions in simulation, high-performance computing (HPC), and artificial intelligence (AI), announces a new technical partnership agreement with the Aston Martin Cognizant Formula One™ Team, who has returned to the world's most prestigious motorsports series for the 2021 season.

Aston Martin Cognizant Formula One Team Accelerates High-Performance Computing with Altair

TROY, Mich., April 19, 2021 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global technology company providing software and cloud solutions in the area of simulation, high-performance computing (HPC), and artificial intelligence (AI), will release its financial results for the first quarter ended March 31, 2021, after the market close on Thursday, May 6, 2021. On that day, management will hold a conference call and webcast at 5:00 p.m. ET to review and discuss the Company's first quarter results and second quarter and full year 2021 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 2021 Financial Results Conference Call

Leading innovators driving the future of HPC convergence showcase advanced workload management and acceleration technologies for new time and cost-to-solution gains TROY, Mich., April 19, 2021 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global technology company providing solutions in simulation, high-performance computing (HPC), and artificial intelligence (AI) will hold its Global HPC Summit May 11-12.

Altair Explores Multi-dimensional High-performance Computing at Global HPC Summit 2021

Altair Engineering (ALTR) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Will Altair Engineering (ALTR) Gain on Rising Earnings Estimates?

TROY, Mich., March 17, 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 the completion of its previously announced CFO transition. Matthew Brown, who joined Altair in January 2021, has succeeded Howard Morof as Altair's chief financial officer.

Altair Announces Completion of CFO Transition

Altair (ALTR) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

How Altair (ALTR) Stock Stands Out in a Strong Industry

Altair Engineering (ALTR) has been struggling lately, but the selling pressure may be coming to an end soon

Altair Engineering (ALTR) Sees Hammer Chart Pattern: Time to Buy?

Altair Engineering (ALTR) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

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