ALTR - Earnings announcements

TROY, Mich., Feb. 20, 2025 (GLOBE NEWSWIRE) -- Altair (NASDAQ:ALTR), a global leader in computational intelligence, today released its financial results for the fourth quarter and full year ended December 31, 2024. Fourth Quarter 2024 Financial Highlights Software revenue was $179.4 million compared to $155.9 million for the fourth quarter of 2023, an increase of 15.0% in reported currency and 16.5% in constant currencyTotal revenue was $192.6 million compared to $171.5 million for the fourth quarter of 2023, an increase of 12.3% in reported currency and 13.8% in constant currencyNet income was $1.0 million compared to $19.7 million for the fourth quarter of 2023, a decrease in earn

TROY, Mich., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Altair (NASDAQ:ALTR), today released its financial results for the third quarter and nine months ended September 30, 2024. Immediately prior to the dissemination of this press release, Altair issued a press release announcing that it has entered into a merger agreement with a subsidiary of Siemens pursuant to which Altair will be acquired and stockholders of Altair will receive cash merger consideration as more fully described in that press release. Third Quarter 2024 Financial Results Software revenue was $138.7 million compared to $119.1 million for the third quarter of 2023, an increase of 16.5% in reported currency an

TROY, Mich., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Altair (NASDAQ:ALTR), a global leader in computational intelligence, today announced that it has entered into a definitive agreement to be acquired by Siemens, a leading technology company focused on industry, infrastructure, mobility, and healthcare. Altair stockholders will receive $113.00 per share in cash, representing an equity value of approximately $10.6 billion.  The $113.00 per share cash consideration represents a 19% premium to the closing price of Altair common stock on October 21, 2024, the last trading day prior to media speculation regarding a potential transaction, and a 13% premium to Altair's unaffected all-time high closing

TROY, Mich., Oct. 16, 2024 (GLOBE NEWSWIRE) -- Altair (NASDAQ:ALTR), a global leader in computational intelligence, will release its financial results for the third quarter ended September 30, 2024 after the market close on Wednesday, October 30, 2024. On that day, management will hold a conference call and webcast at 5 p.m. ET to review and discuss the Company's third quarter 2024 results and fourth quarter and full year 2024 outlook. A recorded version of this webcast will be available after the call and accessible at http://investor.altair.com. What:Altair's Third Quarter 2024 Financial Results Conference CallWhen:Wednesday, October 30, 2024Time:5 p.m. ETWebcast:http://investor.altair.

TROY, Mich., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Altair (NASDAQ:ALTR), a global leader in computational intelligence, today released its financial results for the second quarter and six months ended June 30, 2024. "Altair maintained its strong trajectory during the second quarter, with software revenue and total revenue above the high end of guidance," said James R. Scapa, founder, chairman, and chief executive officer, Altair. "Our Q2 results underscore the robustness of our software product lineup, which continues to empower customers with industry-leading computational intelligence." "We are pleased with our execution in the second quarter and first half of the year," said Matt Brown, c

TROY, Mich., July 18, 2024 (GLOBE NEWSWIRE) -- Altair (NASDAQ:ALTR), a global leader in computational intelligence, will release its financial results for the second quarter ended June 30, 2024, after the market close on Thursday, August 1, 2024. On that day, management will hold a conference call and webcast at 5 p.m. ET to review and discuss the Company's second quarter 2024 results and third quarter and full year 2024 outlook. A recorded version of this webcast will be available after the call and accessible at http://investor.altair.com. What:Altair's Second Quarter 2024 Financial Results Conference CallWhen:Thursday, August 1, 2024Time:5 p.m. ETWebcast:http://investor.altair.com (liv

TROY, Mich., May 02, 2024 (GLOBE NEWSWIRE) -- Altair (NASDAQ:ALTR), a global leader in computational intelligence, today released its financial results for the first quarter ended March 31, 2024. "Altair continued its positive momentum into the start of 2024, with record-high quarterly software revenue and total revenue," said James R. Scapa, founder, chairman, and chief executive officer, Altair. "The first quarter exceeded our expectations and demonstrates the strength of our product portfolio in bringing computational intelligence to our customers." "The start of this year has been marked by strong execution, setting new records in software revenue and total revenue in the first quart

TROY, Mich., April 18, 2024 (GLOBE NEWSWIRE) -- Altair (NASDAQ:ALTR), a global leader in computational intelligence, will release its financial results for the first quarter ended March 31, 2024, after the market close on Thursday, May 2, 2024. On that day, management will hold a conference call and webcast at 5 p.m. ET to review and discuss the Company's first quarter 2024 results and second quarter and full year 2024 outlook. A recorded version of this webcast will be available after the call and accessible at http://investor.altair.com. What:Altair's First Quarter 2024 Financial Results Conference CallWhen:Thursday, May 2, 2024Time:5 p.m. ETWebcast:http://investor.altair.com (live and r

TROY, Mich., Feb. 22, 2024 (GLOBE NEWSWIRE) -- Altair (NASDAQ:ALTR), a global leader in computational intelligence, today released its financial results for the fourth quarter and full year ended December 31, 2023. "Altair finished 2023 with a strong fourth quarter, notching record-high revenue and profit for the quarter and full-year," said James R. Scapa, founder, chairman and chief executive officer of Altair. "We are seeing strong momentum across a number of verticals, where computational intelligence is becoming increasingly important. We are excited about our recent and upcoming product releases and believe that our investments in engineering AI are positioning us as a leader in t

TROY, Mich., Feb. 08, 2024 (GLOBE NEWSWIRE) -- Altair (NASDAQ:ALTR), a global leader in computational science and artificial intelligence, will release its financial results for the fourth quarter and fiscal year ended December 31, 2023, after the market close on Thursday, February 22, 2024. On that day, management will hold a conference call and webcast at 5 p.m. ET to review and discuss the Company's fourth quarter and full year 2023 results and 2024 outlook. A recorded version of this webcast will be available after the call and accessible at http://investor.altair.com. What:Altair's Fourth Quarter and Full Year 2023 Financial Results Conference CallWhen:Thursday, February 22, 2024Time:

TROY, Mich., Nov. 02, 2023 (GLOBE NEWSWIRE) -- Altair (NASDAQ:ALTR), a global leader in computational science and artificial intelligence, today released its financial results for the third quarter and nine months ended September 30, 2023. "The third quarter of 2023 was excellent for Altair, with software product revenue and total revenue again above the high end of guidance," said James Scapa, founder, chairman and chief executive officer of Altair. "Our Q3 performance demonstrates the power and veracity of our vision for the convergence of computational science and AI across industries and verticals including engineering, scientific discovery, and business." "Fiscal 2023 continues to p

TROY, Mich., Oct. 19, 2023 (GLOBE NEWSWIRE) -- Altair (NASDAQ:ALTR), a global leader in computational science and artificial intelligence, will release its financial results for the third quarter ended September 30, 2023, after the market close on Thursday, November 2, 2023. On that day, management will hold a conference call and webcast at 5 p.m. ET to review and discuss the Company's third quarter 2023 results and fourth quarter and full year 2023 outlook. A recorded version of this webcast will be available after the call and accessible at http://investor.altair.com. What:When:Time:Webcast:Altair's Third Quarter 2023 Financial Results Conference CallThursday, November 2, 20235 p.m. ETh

TROY, Mich., Aug. 03, 2023 (GLOBE NEWSWIRE) -- Altair (NASDAQ:ALTR), a global leader in computational science and artificial intelligence, today released its financial results for the second quarter and six months ended June 30, 2023. "Altair had a solid second quarter of 2023, with software product revenue and total revenue above the high end of guidance," said James Scapa, founder, chairman and chief executive officer of Altair. "Our Q2 performance aligns well with our guidance for the full year and demonstrates our continued success and strength." "We're pleased with the outperformance we've seen in the first half of the year," said Matt Brown, chief financial officer of Altair. "Our

TROY, Mich., July 20, 2023 (GLOBE NEWSWIRE) -- Altair (NASDAQ:ALTR), a global leader in computational science and artificial intelligence, will release its financial results for the second quarter ended June 30, 2023, after the market close on Thursday, August 3, 2023. On that day, management will hold a conference call and webcast at 5 p.m. ET to review and discuss the Company's second quarter 2023 results and third quarter and full year 2023 outlook. A recorded version of this webcast will be available after the call and accessible at http://investor.altair.com. What: Altair's Second Quarter 2023 Financial Results Conference CallWhen: Thursday, August 3, 2023Time:5 p.m. ETWebcast:http:/

TROY, Mich., May 04, 2023 (GLOBE NEWSWIRE) -- Altair (NASDAQ:ALTR), a global leader in computational science and artificial intelligence, today released its financial results for the first quarter ended March 31, 2023. "Altair had a very strong start to 2023, with software product revenue and total revenue above the high end of our guidance," said James Scapa, founder, chairman and chief executive officer of Altair. "Q1 exceeded our expectations and represents an all-time high for revenue to continue our good momentum from 2022. Demand for our products continues to be strong and we're seeing the investments we've made in product development and our approach to our customers' success payin

TROY, Mich., April 20, 2023 (GLOBE NEWSWIRE) -- Altair (NASDAQ:ALTR), a global leader in computational science and artificial intelligence, will release its financial results for the first quarter ended March 31, 2023, after the market close on Thursday, May 4, 2023. On that day, management will hold a conference call and webcast at 5 p.m. ET to review and discuss the Company's first quarter 2023 results and second quarter and full year 2023 outlook. A recorded version of this webcast will be available after the call and accessible at http://investor.altair.com. What: Altair's First Quarter 2023 Financial Results Conference CallWhat: Thursday, May 4, 2023Time: 5 p.m. ETWebcast: http://inve

TROY, Mich., Feb. 23, 2023 (GLOBE NEWSWIRE) -- Altair (NASDAQ:ALTR), a global leader in computational science and artificial intelligence, today released its financial results for the fourth quarter and full year ended December 31, 2022. "Altair had an outstanding fourth quarter, achieving record high software revenue, and showing exceptional momentum for the full year," said James Scapa, founder, chairman and chief executive officer of Altair. "This performance is clearly well above expectations, and I am extremely proud of Altair's global team for their exceptional achievements." "The fourth quarter was very strong, capping one of the most successful years in our long history," sai

TROY, Mich., Feb. 09, 2023 (GLOBE NEWSWIRE) -- Altair (NASDAQ:ALTR), a global leader in computational science and artificial intelligence, will release its financial results for the fourth quarter and fiscal year ended December 31, 2022, after the market close on Thursday, February 23, 2023. On that day, management will hold a conference call and webcast at 5 p.m. ET to review and discuss the Company's fourth quarter and full year 2022 results and 2023 outlook. A recorded version of this webcast will be available after the call and accessible at http://investor.altair.com. What: Altair's Fourth Quarter and Full Year 2022 Financial Results Conference CallWhen: Thursday, February 23, 2023Tim

TROY, Mich., Nov. 03, 2022 (GLOBE NEWSWIRE) -- Altair (NASDAQ:ALTR), a global leader in computational science and artificial intelligence (AI), today released its financial results for the third quarter ended September 30, 2022. "Altair had a solid third quarter, showing exceptional momentum despite significant macro-economic uncertainty, led by double digit growth in billings on a constant currency basis and strong demand across all geographies," said James Scapa, founder, chairman and chief executive officer of Altair. "Our dedicated global teams continue to push forward with outstanding technology developments and applications." "We're very pleased with the third quarter, continuing t

TROY, Mich., Oct. 20, 2022 (GLOBE NEWSWIRE) -- Altair (NASDAQ:ALTR), a global leader in computational science and artificial intelligence, will release its financial results for the third quarter ended September 30, 2022, after the market close on Thursday, November 3, 2022. On that day, management will hold a conference call and webcast at 5 p.m. ET to review and discuss the Company's third quarter results and fourth quarter and full year 2022 outlook. A recorded version of this webcast will be available after the call and accessible at http://investor.altair.com. What:Altair's Third Quarter 2022 Financial Results Conference CallWhen:Thursday, November 3, 2022Time:5 p.m. ETWebcast:http://

TROY, Mich., Aug. 04, 2022 (GLOBE NEWSWIRE) --  Altair (NASDAQ:ALTR), a global leader in computational science and artificial intelligence (AI) that provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics and AI, today released its financial results for the second quarter ended June 30, 2022. "Altair had a strong second quarter, driven by high double-digit software revenue growth, with all our key metrics coming in above our guidance ranges," said James Scapa, founder, chairman and chief executive officer of Altair. "While we are in a period of geopolitical and economic uncertainty, I am confident Altair's culture, customer relationships, high

TROY, Mich., July 21, 2022 (GLOBE NEWSWIRE) -- Altair (NASDAQ:ALTR), a global leader in computational science and artificial intelligence, will release its financial results for the second quarter ended June 30, 2022, after the market close on Thursday, August 4, 2022. On that day, management will hold a conference call and webcast at 5 p.m. ET to review and discuss the Company's second quarter results and third quarter and full year 2022 outlook. A recorded version of this webcast will be available after the call and accessible at http://investor.altair.com. What:Altair's Second Quarter 2022 Financial Results Conference CallWhen:Thursday, August 4, 2022Time:5 p.m. ETWebcast:http://investo

TROY, Mich., May 05, 2022 (GLOBE NEWSWIRE) -- Altair (NASDAQ:ALTR), a global leader in computational science and artificial intelligence (AI) that provides software and cloud solutions in the areas of simulation, high-performance computing (HPC), data analytics and AI, today released its financial results for the first quarter ended March 31, 2022. "Altair had a very strong first quarter 2022 with all our key metrics coming in above our guidance ranges," said James Scapa, Founder, Chairman and Chief Executive Officer of Altair. "We deliver high value products and expertise to help our customers increase efficiency and competitiveness by driving smarter decisions with computational scien

TROY, Mich., April 21, 2022 (GLOBE NEWSWIRE) -- Altair (NASDAQ:ALTR), a global leader in computational science and artificial intelligence, will release its financial results for the first quarter ended March 31, 2022, after the market close on Thursday, May 5, 2022. On that day, management will hold a conference call and webcast at 5 p.m. ET to review and discuss the Company's first quarter results and second quarter and full year 2022 outlook. A recorded version of this webcast will be available after the call and accessible at http://investor.altair.com. What:   Altair's First Quarter 2022 Financial Results Conference Call When:   Thursday, May 5, 2022 Time:   5 p.m. ET Live Call:

TROY, Mich., Feb. 24, 2022 (GLOBE NEWSWIRE) -- Altair (NASDAQ:ALTR), a global leader in computational science and artificial intelligence today released its financial results for the fourth quarter and full year ended December 31, 2021. "Altair had an excellent fourth quarter and full year 2021, highlighted by year-on-year software product revenue growth of 15.8%," said James Scapa, Founder, Chairman and Chief Executive Officer of Altair. "Our vision for driving smarter decisions with computational science and artificial intelligence is resonating with customers, our products continue to gain market share, and we are expanding our footprint across all verticals." "Our fourth quarter 2021

TROY, Mich., Feb. 10, 2022 (GLOBE NEWSWIRE) -- Altair (NASDAQ:ALTR), a global leader in computational science and artificial intelligence, will release its financial results for the fourth quarter and fiscal year ended December 31, 2021, after the market close on Thursday, February 24, 2022. On that day, management will hold a conference call and webcast at 5 p.m. ET to review and discuss the Company's fourth quarter and full year 2021 results and 2022 outlook. A recorded version of this webcast will be available after the call and accessible at http://investor.altair.com. What: Altair's Fourth Quarter and Full Year 2021 Financial Results Conference CallWhen: Thursday, February 24, 2022Ti

TROY, Mich., Nov. 04, 2021 (GLOBE NEWSWIRE) -- Altair (NASDAQ:ALTR), a global technology company providing software and cloud solutions in the areas of simulation, high-performance computing, data analytics and artificial intelligence today released its financial results for the third quarter ended September 30, 2021. "Altair continued its across-the-board momentum with an excellent third quarter 2021, highlighted by year-on-year software product revenue growth of 16.5%," said James Scapa, Founder, Chairman and Chief Executive Officer of Altair. "Our products, services, and business models are clearly providing value and we continue to increase our market share as customers invest for gro

TROY, Mich., Oct. 21, 2021 (GLOBE NEWSWIRE) -- Altair (NASDAQ:ALTR), the global leader converging simulation, HPC, and AI, will release its financial results for the third quarter ended September 30, 2021, after the market close on Thursday, November 4, 2021. On that day, management will hold a conference call and webcast at 5 p.m. ET to review and discuss the Company's third quarter results and fourth quarter and full year 2021 outlook. A recorded version of this webcast will be available after the call and accessible at http://investor.altair.com. What:Altair's Third Quarter 2021 Financial Results Conference CallWhen:Thursday, November 4, 2021Time:5 p.m. ETLive Call:(866) 754-5204, Dom

TROY, Mich., Aug. 05, 2021 (GLOBE NEWSWIRE) --  Altair (NASDAQ:ALTR), a global technology company providing software and cloud solutions in the areas of simulation, high-performance computing, data analytics and artificial intelligence today released its financial results for the second quarter ended June 30, 2021. "Altair had a strong second quarter 2021, with across-the-board success in multiple verticals, regions, and products, reflecting year on year software product revenue growth of 22%," said James Scapa, Founder, Chairman and Chief Executive Officer of Altair. "Customers are investing to grow their businesses as we emerge from the pandemic, and Altair's products, services, a

TROY, Mich., July 22, 2021 (GLOBE NEWSWIRE) -- Altair (NASDAQ:ALTR), a global technology company providing solutions in simulation, high-performance computing (HPC), and artificial intelligence (AI), will release its financial results for the second quarter ended June 30, 2021, after the market close on Thursday, August 5, 2021. On that day, management will hold a conference call and webcast at 5:00 p.m. ET to review and discuss the Company's second quarter results and third quarter and full year 2021 outlook. A recorded version of this webcast will be available after the call and accessible at http://investor.altair.com. What:Altair's Second Quarter 2021 Financial Results Conference CallW