Revolutionary multi-disciplinary solver for printed circuit boards (PCB) and integrated circuits (IC)TROY, Mich., March 20, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, announced the upcoming release of Altair SimSolid for electronics, bringing game-changing fast, easy, and precise multi-physics scenario exploration for electronics, from chips, PCBs, and ICs to full system design. Altair announced the upcoming release of Altair SimSolid for electronics, bring ...

Altair Engineering Inc. (NASDAQ:ALTR) Q4 2023 Earnings Conference Call February 22, 2024 5:00 PM ET Company Participants Dave Simon - Senior Vice President-Investor Relations Jim Scapa - Founder, Chairman & Chief Executive Officer Matt Brown - Chief Financial Officer Conference Call Participants Ken Wong - Oppenheimer Dylan Becker - William Blair Joshua Tilton - Wolfe Research Matt Hedberg - RBC Capital Markets Charles Shi - Needham & Company Stephen Tusa - JPMorgan Mark Schappel - Loop Capital Markets Oper ...

Appointment of Caroline Phares and Chip Colbert to bolster Altair's industry expertiseTROY, Mich., Feb. 22, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, announced that Chip Colbert and Caroline Phares have joined Altair in leadership roles for two priority industry segments. Phares has been named vice president for healthcare and life sciences (HLS) and Colbert has been named senior director for Federal and Department of Defense (DoD), part of Altair's aerospace ...

Exhibit 99.1 Altair Announces Fourth Quarter and Full Year 2023 Financial Results Record-High Revenue and Profit for the Fourth Quarter and Full Year TROY, Mich. – February 22, 2024 – Altair (Nasdaq: ALTR), a global leader in computational intelligence, today released its financial results for the fourth quarter and full year ended December 31, 2023. "Altair finished 2023 with a strong fourth quarter, notching record-high revenue and profit for the quarter and full-year," said James R. Scapa, founder, chair ...

Financial Performance - In 2023, 36% of software billings were attributed to the Americas, 31% to EMEA, and 33% to APAC[84]. - Seasonal variations in customer purchases significantly affect cash flows, with new and renewal licenses concentrated in the first and fourth quarters[115]. - As of December 31, 2023, Altair had cash, cash equivalents, and restricted cash totaling $467.6 million, primarily from bank deposits and money market funds[422]. Acquisitions and Growth - The company has acquired 51 companies or strategic technologies since 1996, including 22 in the last five years[113]. - In September 2023, the company acquired OmniQuest, enhancing its optimization leadership in the market[117]. - In July 2023, the company acquired OmniV technology, improving its capabilities in digital twins and simulation data management[117]. Intellectual Property - As of December 31, 2023, the company had 290 issued patents and 15 published patent applications worldwide[93]. Employee and Operational Insights - The company employs over 3,200 in-house employees, with more than two-thirds located in the United States, India, Germany, and the UK[99]. - The company’s software applications are noted for high performance and scalability, crucial for the high-end simulation market[88]. Business Model and User Engagement - The company’s subscription-based business model aims to reduce barriers to adoption and encourage user engagement within its ecosystem[91]. - The company’s solutions for data preparation, data science, and AI are recognized for their ability to handle large, complex data sets[89]. Financial Instruments and Risks - The company issued $230.0 million in 1.750% convertible senior notes due in 2027 and $230.0 million in 0.250% convertible senior notes due in 2024, with approximately $148.3 million of the latter repurchased by the end of 2023[421]. - Altair does not have any foreign currency hedging contracts as of December 31, 2023, and does not plan to engage in hedging activities in the near future[420]. - The appreciation of the U.S. dollar against foreign currencies negatively impacts reported revenue and operating income, while depreciation has a positive effect[419]. - Interest rate risk is present due to the potential impact on debt balances and interest expenses, although historical fluctuations in interest expense have not been significant[423]. - The fair market value of Altair's fixed interest rate convertible notes is influenced by changes in interest rates and the company's stock price[421]. - Altair's policy prohibits entering into derivative instruments for speculative purposes, and no such instruments are held for trading[424]. - The company is exposed to foreign currency risks due to substantial international operations, affecting financial results when translating into U.S. dollars[418]. Investor Relations - Altair's financial information is disclosed through press releases, SEC filings, and public conference calls[123]. - The company maintains a website where investors can access financial reports and other relevant information[122].

Investors interested in Engineering - R and D Services stocks are likely familiar with Babcock International Group PLC (BCKIY) and Altair Engineering (ALTR) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estima ...

TROY, Mich., Feb. 02, 2024 (GLOBE NEWSWIRE) -- Altair (NASDAQ:ALTR), a global leader in computational science and artificial intelligence, today announced that it will host an Investor Day on Wednesday, March 20, 2024 in the San Francisco Bay Area from 8 a.m. to noon PT. The Investor Day will showcase how Altair plans to lead a new era of computational intelligence. The agenda will feature presentations by: James R. Scapa, Founder, Chairman, and Chief Executive OfficerSam Mahalingam, Chief Technology Office ...

Are you looking for AI stocks that could provide long-term growth? Artificial intelligence is undoubtedly the most popular theme of 2023, grabbing headlines left and right and significantly impacting the performance of most of the IT industry. The impact of AI has created new opportunities for various industries to grow and expand, ranging from health care to banking and even real estate. The applications of AI are virtually limitless. Now that we’ve arrived at the 2024 starting line, the next question is, ...

Altair Engineering Inc. (NASDAQ:ALTR) Q3 2023 Results Conference Call November 2, 2023 5:00 PM ET Company Participants Dave Simon - Senior Vice President-Investor Relations Jim Scapa - Founder, Chairman, and Chief Executive Officer Matt Brown - Chief Financial Officer Conference Call Participants Charles Shi - Needham & Company Blair Abernethy - Rosenblatt Securities Mark Schappel - Loop Capital Markets Matthew Hedberg - RBC Capital Markets Arsenije Matovic - Wolfe Research Ahmad Khalil - Oppenheimer Operat ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38263 ALTAIR ENGINEERING INC. (Exact name of registrant as specified in its charter) Delaware 38-2591828 (State or other jurisdiction ...