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.
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) 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.
Toggled, a subsidiary of Altair (Nasdaq: ALTR), has launched two innovative products: the Toggled iQ Area Lighting Controller and the Toggled iQ Plug Load Controller. These products aim to enhance energy efficiency and building management by allowing businesses to better control lighting and plug loads, potentially realizing energy savings of up to 50%. Both controllers are featured on the DesignLights Consortium (DLC) Networked Lighting Controls (NLC) qualified products list and will be showcased at LightFair 2021 from October 27-29 in New York.
Altair (Nasdaq: ALTR) will announce its third-quarter financial results for 2021 on November 4, 2021, after market close. A conference call will be held at 5 p.m. ET to discuss the results and provide insights into the fourth quarter and full-year outlook. Investors can listen live or access a recorded version of the webcast at investor.altair.com. The event aims to inform stakeholders about the company's performance in simulation, HPC, and AI, emphasizing its leading position in these sectors.
FAQ
What is the current stock price of Altair Engineeri (ALTR)?
What is the market cap of Altair Engineeri (ALTR)?
What does Altair Engineering specialize in?
What industries does Altair serve?
How does Altair generate revenue?
What makes Altair unique in its market?
Who are Altair's competitors?
What is Altair’s role in sustainability?
What is Altair Units™?
What are Altair’s key technologies?
Does Altair collaborate with other organizations?
What is Altair's market position?
