Welcome to our dedicated page for Altair Engineeri news (Ticker: ALTR), a resource for investors and traders seeking the latest updates and insights on Altair Engineeri stock.
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.
Access up-to-date press releases covering earnings reports, product innovations, strategic partnerships, and leadership updates. Investors and industry professionals can track developments in Altair’s core technologies, including advancements in simulation accuracy, cloud-based HPC scalability, and data analytics integration.
All content is curated to meet investor needs while maintaining technical relevance. Expect updates on regulatory filings, intellectual property milestones, and cross-sector applications in automotive, aerospace, and industrial manufacturing. Our neutral presentation ensures compliance with financial disclosure standards.
Bookmark this page for direct access to Altair’s verified announcements. Check regularly for insights into how the company’s engineering solutions address evolving market demands in digital transformation and sustainable design practices.
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.
Altair (Nasdaq: ALTR) announced the appointment of Sandy Carter to its board of directors. Carter, who brings over 20 years of experience from roles at Amazon Web Services and IBM, is expected to enhance Altair's global partnership and marketing strategies. Carter has a successful track record in generating business strategies that significantly increased partnership participation at AWS. She is recognized for her contributions to diversity and inclusion in tech. Her appointment aims to leverage her multidisciplinary expertise to further Altair's digital transformation initiatives.
Altair (Nasdaq: ALTR) announced that Argonne National Laboratory will implement Altair PBS Professional as its primary workload manager for the Polaris and Aurora supercomputers. This partnership aims to enhance scientific research efficiency and productivity in exascale computing. PBS Professional will replace the existing Cobalt workload manager, optimizing thousands of node hours for diverse tasks, including machine learning. In 2020, ALCF utilized over 100 million node hours for computing, significantly impacting fields such as cancer research and clean energy.
Altair (Nasdaq: ALTR) reported strong financial results for Q3 2021, with software product revenue rising by 16.5% to $102.3 million from $87.8 million in Q3 2020. Total revenue increased 14.0% to $121.3 million. The company's net loss improved to $8.1 million from $8.5 million year-over-year, with a diluted net loss per share of $0.11. Adjusted EBITDA grew 81.4% to $14.8 million, and non-GAAP net income surged 107.1% to $9.6 million. Altair raised its guidance for Q4 and full year 2021, projecting software product revenue of $437-440 million.
Altair (Nasdaq: ALTR) was recognized in Inc. magazine's 2021 Best-Led Companies list, marking its first award from the publication. The company was selected from over 10,000 midsize firms, categorized as those earning between $50 million and $2 billion annually. The selection criteria included performance, market penetration, talent, and leadership. Additionally, Altair was also honored in Newsweek's 100 Most Loved Companies list. CEO James R. Scapa emphasized the organization's culture of communication and innovation as key to its success.
Altair (Nasdaq: ALTR) has scheduled a virtual presentation at the RBC Global Technology, Internet, Media and Telecom Conference on November 17, 2021, at 1:20 p.m. ET. The session will feature CEO James Scapa and CFO Matt Brown in a fireside chat format. A live webcast and replay will be accessible on the company's investor relations website.
Altair specializes in software and cloud solutions focused on simulation, high-performance computing, and artificial intelligence, aiming to enhance organizational competitiveness and sustainability.
Altair (Nasdaq: ALTR) has relaunched its Startup Program, offering tailored technology packages to assist startups in utilizing simulation, HPC, and AI solutions. This initiative aims to foster innovation and reduce development costs, thereby enhancing competitiveness. The program includes four distinct packages: Smart Product Development, Data Intelligence, Cloud/HPC Starter, and Altair Unlimited Appliance on Oracle Cloud. Each package caters to specific startup needs, enabling access to critical technology and support for business growth.
