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Altair Engineering (ALTR) provides cutting-edge simulation software, high-performance computing (HPC), and AI-driven solutions that transform product design and operational efficiency across industries. This page serves as the definitive source for verified news and official announcements from Altair, offering stakeholders timely insights into the company’s strategic direction.
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TROY, Mich., May 02, 2022 – Altair (Nasdaq: ALTR), a leader in computational science and AI, announced participation in upcoming investor conferences. James Scapa, chairman and CEO, and Matt Brown, CFO, will engage in fireside chats at the following events: 17th Annual Needham Technology & Media Conference on May 16, 2022, at 10:15 a.m. ET, and the J.P. Morgan 50th Annual Global Technology, Media and Communications Conference on May 25, 2022, at 2:30 p.m. ET. Live webcasts will be available on Altair's investor relations website.
Altair (Nasdaq: ALTR) announced the release of its latest software, Simulation 2022, enhancing capabilities in connectivity, AEC, and electronics design. The update includes advanced simulations for antennas and autonomous vehicle systems, improving efficiency and accuracy. Notable features encompass better 5G technology support, enhanced AEC tools compliant with global standards, and expanded functionalities for circuit board design. This release aims to foster sustainable development and innovation in engineering, supporting organizations in achieving smarter product outcomes.
Altair (Nasdaq: ALTR) will announce its first-quarter financial results for 2022 after the market closes on May 5, 2022. The management will hold a conference call at 5 p.m. ET to discuss the results and the outlook for the second quarter and the full year. A replay of the webcast will be available post-call. Altair specializes in computational science and AI, offering software and cloud solutions across various industries, aiming for enhanced decision-making and sustainability.
Altair (Nasdaq: ALTR) has acquired Powersim, specializing in simulation and design tools for power electronics. This strategic move enhances Altair's electronic system design capabilities, particularly in electric motor design. The acquisition includes Powersim's flagship product, PSIM, known for its rapid simulation speed and accurate system-level results. Powersim's technology aims to reduce development costs and time-to-market for various sectors including automotive and aerospace. The integration of Powersim's software into Altair's offerings is set to expand its market reach.
Altair (Nasdaq: ALTR) reported a strong financial performance for 2021, with software product revenue growth of 15.8%, reaching $453.7 million. Total revenue for the year was $532.2 million, up from $469.9 million in 2020. Despite a net loss of $(8.8) million, adjusted EBITDA improved to $85.3 million. In Q4 2021, software product revenue increased to $122.4 million, while total revenue grew to $140.8 million. The company projects Q1 2022 software product revenue between $134.0 million and $137.0 million.
Altair (Nasdaq: ALTR) announced that its CEO James R. Scapa and CFO Matt Brown will present at the Berenberg Thematic Software Conference on March 1, 2022, at 12:00 p.m. EST. The presentation will be in a fireside chat format and will focus on the company’s advancements in computational science and artificial intelligence. A live webcast of the event will be available on Altair's investor relations website, allowing investors to stay informed about the company's strategic direction and industry insights.
Altair (Nasdaq: ALTR) announced the acquisition of Cassini, enhancing its Altair One platform aimed at Industry 4.0. This strategic move will improve digital thread solutions, allowing for streamlined product development and better management of product lifecycles. Cassini, led by Raghuram Tera, brings innovative cloud-native technology and a skilled team to Altair. The integration is expected to offer enhanced simulation capabilities and provide clients with a comprehensive view of digital activities, ultimately driving value for various engineering roles.
Altair (Nasdaq: ALTR) will release its financial results for Q4 and fiscal year 2021 on February 24, 2022, after market close. The management team will hold a conference call at 5 p.m. ET to discuss these results and provide an outlook for 2022. The event is accessible via a live webcast, and a recorded version will be available afterward on their investor relations website.
Altair (Nasdaq: ALTR) has opened submissions for the 2022 Enlighten Award, marking its tenth year of recognizing automotive sustainability innovations. This award, given in partnership with the Center for Automotive Research, showcases advancements in vehicle lifecycle decarbonization. Categories include Sustainable Product, Sustainable Process, and Enabling Technology. Notable past winners include GM, Ford, and Toyota. Submissions are due by May 31, 2022, with winners announced at the CAR Management Briefing Seminars on August 2, 2022.
Altair (Nasdaq: ALTR) has launched a free edition of Altair PollEx for Altium users, enhancing electronic system design capabilities for printed circuit board (PCB) designers. This tool integrates board-level simulation and design verification, significantly improving the predictability and manufacturability of PCB designs. The official announcement was made at AltiumLive on January 26, 2022, with Altair expressing excitement over expanding access to advanced simulation technology. Altair PollEx for Altium is positioned to accelerate design cycles and foster innovation among PCB designers.
