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About Altair Engineering (NASDAQ: ALTR)
Altair Engineering Inc. is a global leader in computational intelligence, specializing in software and cloud solutions for simulation, high-performance computing (HPC), data analytics, and artificial intelligence (AI). With over 30 years of experience, the company empowers organizations across diverse industries to optimize designs, improve decision-making, and drive sustainable innovation. Altair’s integrated suite of software solutions enables end-to-end product lifecycle management, from concept design to in-service operation, ensuring superior performance and efficiency.
Core Business Areas
Altair operates through two primary segments:
- Software: This segment includes advanced tools for structural simulation, fluid dynamics, thermal management, system modeling, embedded systems, and data visualization. Flagship platforms like Altair® HyperWorks® and Altair® RapidMiner® integrate optimization, AI, and machine learning to address complex engineering challenges.
- Client Engineering Services: Altair provides specialized engineering support, enabling clients to address unique technical challenges and achieve project-specific goals.
The majority of Altair’s revenue is derived from its software segment, reflecting its strong position in enterprise-class engineering solutions.
Industry Applications
Altair serves over 5,000 corporate clients worldwide across industries including:
- Automotive: Lightweighting, structural optimization, and autonomous vehicle development.
- Aerospace: Advanced simulation for aircraft design, propulsion systems, and space exploration.
- Energy: Renewable energy optimization and grid efficiency solutions.
- Life Sciences: Medical device design and healthcare analytics.
- Financial Services: Predictive analytics and risk management.
Altair’s technology also supports emerging markets such as eVTOL (electric vertical takeoff and landing) and quantum computing, demonstrating its commitment to cutting-edge innovation.
Competitive Position and Differentiation
Altair distinguishes itself through its holistic approach to computational intelligence, integrating HPC, AI, and simulation into unified platforms. Key differentiators include:
- Innovation: Pioneering technologies like quantum computing for fluid dynamics and generative AI for automation systems.
- Sustainability: Solutions that enable greener designs, such as lightweight materials and energy-efficient manufacturing processes.
- Partnerships: Collaborations with industry leaders like LG Electronics, Siemens, and the European Space Agency (ESA) to drive transformative outcomes.
Altair’s flexible licensing model, Altair Units™, further enhances its appeal by offering scalable access to its extensive software portfolio.
Future Outlook
As industries increasingly adopt AI-driven solutions, Altair is well-positioned to capitalize on this trend. Its focus on sustainability, digital transformation, and next-generation technologies ensures its relevance in a rapidly evolving market. With a robust ecosystem of partners and a growing presence in high-growth sectors, Altair continues to drive innovation and deliver value to its stakeholders.
Why Altair Matters
Altair’s mission to bridge the gap between simulation, AI, and HPC makes it a cornerstone for organizations aiming to innovate and compete effectively. Its solutions not only enhance product performance but also contribute to a more connected and sustainable future, making Altair a key player in the global technology landscape.
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.
Altair (Nasdaq: ALTR) has partnered with Hewlett Packard Enterprise (HPE) in a multi-year agreement to integrate Altair's high-performance computing (HPC) software suite with HPE's HPC systems. This collaboration aims to enhance next-generation supercomputing capabilities, featuring tools like Altair PBS Professional for efficient job scheduling and management. The partnership will provide users with access to advanced solutions tailored for complex HPC tasks, supporting fields such as modeling, machine learning, and deep learning, ultimately optimizing resource utilization and productivity.
Altair (Nasdaq: ALTR) announced that CEO James Scapa and CFO Matt Brown will present at the 24th Annual Needham Growth Conference on January 12, 2022, at 11:20 a.m. ET. The fireside chat will be available via a live webcast on the company’s investor relations website. Altair specializes in software and cloud solutions focused on simulation, high-performance computing (HPC), and artificial intelligence (AI), aiming to enhance competitiveness and sustainability across various industries.
Altair (Nasdaq: ALTR) has acquired World Programming, a UK-based firm specializing in data analytics software, enhancing its capabilities in modern languages and open-source technologies. This acquisition supports companies in transitioning to hybrid architectures while preserving the SAS language. World Programming's flagship product, WPS Analytics, enables execution of multi-language software solutions, helping approximately 500 global enterprise customers. This strategic move strengthens Altair's presence in various industries, including healthcare and finance, by providing an integrated data analytics solution.
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