Financial Data and Key Metrics Changes - Total billings for Q1 2022 were $171.3 million, an increase of 17.5% compared to Q1 2021, driven by strong new and expansion software opportunities [7][22] - Total revenue for Q1 2022 was $159.8 million, reflecting a year-over-year growth of 6.4% [22] - Adjusted EBITDA for Q1 2022 was $46.6 million, an increase of nearly 26% from Q1 2021 [8][25] - Non-GAAP gross margin was 81.4% in Q1 2022, up from 79.0% in the prior year [23] - Free cash flow for Q1 2022 was $3.6 million, but excluding a one-time payment, it was $69.5 million compared to $33.5 million in Q1 2021 [26] Business Line Data and Key Metrics Changes - Software product revenue for Q1 2022 was $140.9 million, an increase of 8.8% year-over-year [7][22] - Software revenue constituted 88.2% of total revenue in Q1 2022, compared to 86.3% in the prior year [8][24] - Recurring software license rate remained high at 93% for Q1 2022, compared to 92% for the full year 2021 [8][22] Market Data and Key Metrics Changes - Growth was observed across all three geographic regions, with particular strength in technology and banking, financial services, and insurance verticals [7] - The company experienced strong software billings, although services and other billings decreased due to declines in the CES business [22] Company Strategy and Development Direction - The company is focused on delivering high-value products and expertise to enhance customer efficiency and competitiveness through computational science and AI [6] - Recent acquisitions of Powersim and World Programming are aimed at expanding Altair's technology offerings in power electronics and data analytics [9][10] - The integration of World Programming's technology is expected to enhance Altair's data science solutions and provide significant cross-sell opportunities [12][53] Management's Comments on Operating Environment and Future Outlook - Management acknowledged macroeconomic challenges, including supply chain disruptions and inflation, but expressed confidence in the company's robust business momentum [6] - The outlook for Q2 2022 includes expected software product revenue growth of 11.5% to 14.5% year-over-year [27] - Management remains optimistic about the company's ability to navigate economic uncertainties, citing strong technology offerings and business model [19] Other Important Information - The company released its Simulation 2022 software suite, which includes significant updates and new features aimed at enhancing customer capabilities [14][16] - The company is committed to sustainability and community involvement, as highlighted in its updated Sustainability Report [20] Q&A Session Summary Question: What changes are being observed in Europe regarding projects or budgets? - Management noted limited exposure to Russia and some stagnation in Eastern Europe, but overall, operations in the rest of Europe remain relatively normal [32] Question: What are the integration plans for World Programming? - Currently, World Programming operates in a standalone mode, but integration efforts are underway, particularly in the go-to-market strategy [34][35] Question: How is SimSolid performing? - SimSolid continues to grow rapidly, with ongoing development and customer engagement, making it a strong lead product in the market [41][43] Question: Why is guidance for the full year remaining flat despite strong Q1 results? - The flat guidance is primarily due to currency headwinds impacting revenue expectations [45] Question: What cross-sell opportunities exist for World Programming? - Significant cross-sell opportunities are identified in the banking and financial services market, as well as within the traditional manufacturing customer base [53][54]

Altair Engineering, Inc. (NASDAQ:ALTR) Q4 2021 Earnings Conference Call February 25, 2022 5:00 PM ET Company Participants Dave Simon – Chief Administrative Officer Jim Scapa – Founder Chairman and Chief Executive Officer Matt Brown – Chief Financial Officer Conference Call Participants Gal Munda – Berenberg Jackson Ader – JPMorgan Blair Abernethy – Rosenblatt Securities Dan Bergstrom – RBC Capital Markets Dylan Becker – William Blair Operator Good day. And thank you for sending by. Welcome to the Altair Fou ...

Altair Engineering Inc. (NASDAQ:ALTR) Q3 2021 Earnings Conference Call November 4, 2021 5:00 PM ET Company Participants Dave Simon - Chief Administrative Officer Jim Scapa - Founder, Chairman, and Chief Executive Officer Matt Brown - Chief Financial Officer Conference Call Participants Operator Good day, and thank you for standing by. Welcome to the Altair Engineering Third Quarter 2021 Earnings conference call. At this time, all participants are in a listen only mode. After the presentation there will be a ...

Altair Engineering Inc. (NASDAQ:ALTR) Q2 2021 Earnings Conference Call August 5, 2021 5:00 PM ET Company Participants Dave Simon – Chief Administrative Officer Jim Scapa – Founder, Chairman, and Chief Executive Officer Matt Brown – Chief Financial Officer Conference Call Participants Bhavan Suri – William Blair Jackson Ader – JP Morgan Ahmad Khalil – Guggenheim Securities Gal Munda – Berenberg Dan Bergstrom – RBC Capital Markets Mark Schappel – Benchmark Blair Abernethy – Rosenblatt Securities Operator Good ...

Altair Engineering Inc. (NASDAQ:ALTR) Q1 2021 Earnings Conference Call May 6, 2021 5:00 PM ET Company Participants Dave Simon - Chief Administration Officer Jim Scapa - Founder, Chairman & Chief Executive Officer Matt Brown - Chief Financial Officer Conference Call Participants Bhavan Suri - William Blair Jackson Ader - JPMorgan Ken Wong - Guggenheim Gal Munda - Berenberg Dan Bergstrom - RBC Capital Markets Brian Essex - Goldman Sachs Mark Schappel - Benchmark Operator Good day, and thank you for standing b ...