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 (ALTR) reported record financial results for Q4 and the full year 2020, with software product revenue rising 12% to $113.6 million for Q4. Total revenue increased to $133.4 million, leading to a net income of $2.2 million compared to a net loss in Q4 2019. For the full year, software revenue reached $391.7 million, while total revenue was $469.9 million, albeit with an annual net loss of $10.5 million. The company projects Q1 2021 software revenue between $118.0 million and $120.0 million, and a full year revenue of $502.0 million to $510.0 million.
Altair has acquired Flow Simulator from GE Aviation, a software that enables flow, heat transfer, and combustion design simulations. This acquisition allows Altair to enhance its software capabilities, facilitating mixed fidelity simulations for various industries including automotive and renewable energy. The deal includes a memo of understanding for a long-term partnership to explore further innovations. With a focus on system-level design, this strategic engagement aims to expand Altair's market reach while optimizing complex thermal system models.
Altair (Nasdaq: ALTR) announced its 2021 simulation software update, enhancing speeds, accuracy, and user experience. This release features improved solver technologies, fostering faster product performance simulations and expanded design tools for electronic systems, supporting 5G connectivity and complex product development. Noteworthy enhancements include better simulation for printed circuit boards, thermal analysis, and advanced modeling capabilities. These updates aim to benefit various industries, including automotive, aerospace, and healthcare, by facilitating the creation of smart, connected devices.
On February 4, 2021, Altair (Nasdaq: ALTR) announced it will release its financial results for the fourth quarter and fiscal year ended December 31, 2020, on February 25, 2021, after market close. The management will discuss these results along with the 2021 outlook in a conference call on February 26, 2021, at 8:30 a.m. ET. Investors can access a recorded version of the call post-event via Altair’s investor relations website.
Altair (Nasdaq: ALTR) announced that CEO James Scapa will present virtually at the Goldman Sachs 2021 Technology & Internet Conference on February 10, 2021, at 10:30 a.m. ET. The presentation will provide insights into Altair's software and cloud solutions in simulation, high-performance computing (HPC), and artificial intelligence (AI). Investors can access a live webcast and replay on the company’s investor relations website.
Altair (Nasdaq: ALTR) has entered a memo of understanding (MoU) with Rolls-Royce Germany to integrate artificial intelligence (AI) with engineering processes. This collaboration aims to enhance engineering, testing, and design of aerospace engines, driving significant reductions in development time and costs. By leveraging Altair's Knowledge Works™ platform, engineers will apply machine learning to optimize data usage, potentially saving millions in recurring costs. The partnership underscores the growing demand for AI in engineering and aims to democratize data-driven decision-making.
Altair (Nasdaq: ALTR) has joined forces with Rolls-Royce Germany to leverage artificial intelligence (AI) and data analytics in aerospace engine engineering. This collaboration aims to reduce development time and costs while enhancing product performance and quality. Notably, the partnership will utilize Altair Knowledge Works™ for machine learning applications across various data sources. With potential savings of millions in recurring costs, this initiative signifies a key step in Rolls-Royce's digital transformation.
Toggled, a subsidiary of Altair (Nasdaq: ALTR), has launched its first Canadian distribution center in Vancouver, collaborating with Yorkland Controls, a leader in connected digital solutions. This partnership aims to enhance customer support for IoT-enabled lighting controls and direct-wire LED products in Canada. The initiative underscores a commitment to providing energy-efficient lighting solutions that are scalable and cost-effective. Toggled's offerings allow for seamless integration with existing building systems, promoting improved energy efficiency and advanced maintenance strategies.
Altair (NASDAQ: ALTR) announced that CEO James Scapa and CFO Howard Morof will present at the 23rd Annual Needham Growth Conference on January 13, 2021, at 10:45 a.m. ET. This presentation aims to showcase Altair's advancements in software and cloud solutions for simulation, data analytics, and high-performance computing (HPC). A live webcast and replay will be available on the company's investor relations website.
