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 (Nasdaq: ALTR) is a global computational intelligence company whose news flow centers on simulation, high-performance computing (HPC), data analytics, and artificial intelligence (AI). The Altair news page on Stock Titan aggregates company press releases and third-party coverage so investors can follow how its software and cloud platforms are evolving and where they are being applied.
Recent Altair news highlights integrations between the Altair One cloud innovation gateway and technologies such as the NVIDIA Omniverse Blueprint for Real-Time Digital Twins, showcasing how users can visualize and interact with complex simulations and digital twins in shared virtual environments. Other announcements focus on enhancements to Altair HyperWorks, which supports a zero-prototype approach to product development, and Altair HPCWorks, the company’s HPC and cloud platform with expanded cloud scaling and AI-enabled job scheduling.
Altair news also covers sector-specific collaborations and programs. Examples include aerospace partnerships through the Altair Aerospace Startup Acceleration Program, membership in the Piedmont Aerospace Cluster, a memorandum of understanding with Cranfield University to advance simulation and AI in aerospace and robotics, and a 5G-6G Wireless Center of Excellence launched with L&T Technology Services. Financial releases, such as quarterly and full-year results, provide updates on software and total revenue, profitability metrics, and commentary on a pending acquisition by Siemens Industry Software Inc.
By monitoring ALTR news, readers can track product releases, technology integrations, industry partnerships, financial disclosures, and strategic transactions that may influence Altair’s role in simulation, HPC, data analytics, and AI. This page is a useful reference for anyone researching how Altair’s platforms are being adopted across industries and how the company is positioning itself within the broader software and information sector.
Altair (Nasdaq: ALTR) reported third-quarter results exceeding expectations, with total revenue of $119.4 million, a slight decrease from $121.3 million in Q3 2021, but a 6.3% increase in constant currency. Software product revenue rose to $103.8 million, reflecting a 10.1% constant currency growth. Despite a net loss of $(33.2) million, Altair raised its full-year guidance due to strong demand and operational performance. Non-GAAP net income was $4.3 million, a 55.7% drop year-over-year. The company is optimistic about future quarters, with guidance for Q4 software revenue between $126 million and $131 million.
On November 2, 2022, Altair (Nasdaq: ALTR) appointed Ravi Kunju as its new Chief Product and Strategy Officer. In this role, he will oversee the strategy, vision, and marketing of Altair's products. Kunju has nearly 25 years of experience with the company, having held several leadership positions, including Senior Vice President of Business Strategy. CEO James R. Scapa emphasized the importance of strategic solutions in a competitive market, highlighting Kunju's integral role in innovation and customer problem-solving.
Altair (Nasdaq: ALTR) announced CFO Matt Brown will present at the RBC Capital Markets Global Technology, Internet, Media, and Telecommunications Conference on November 15, 2022, at 10 a.m. ET. The presentation will be available via a live webcast and replay on the company's investor relations website. With a focus on computational science and artificial intelligence, Altair offers software and cloud solutions for simulation, high-performance computing, and data analytics, assisting organizations in driving smarter decisions for a sustainable future.
Altair (Nasdaq: ALTR) will announce its third quarter financial results for the period ending September 30, 2022, on November 3, 2022, post-market close. A conference call will follow at 5 p.m. ET to discuss these results along with the fourth quarter and full-year 2022 outlook. Interested parties can access a recorded version of the webcast after the live session via the investor relations website.
Altair specializes in computational science and AI, providing innovative software and cloud solutions for various industries.
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Altair (Nasdaq: ALTR) has launched a comprehensive digital twin solution that offers connected, cross-functional capabilities usable at any stage of a product lifecycle. This solution empowers organizations to design, develop, and optimize products efficiently, leveraging advanced technologies like AI, high-performance computing, and data analytics. Altair’s flexible, vendor-agnostic framework enables deployment on-site or via cloud, optimizing costs through a units-based licensing model. This initiative aims to democratize access to digital twin technology across diverse industries, enhancing collaboration and reducing silos.
Altair (Nasdaq: ALTR) has released its latest software update, Simulation 2022.1, designed to enhance sustainable product development. This update leverages advanced simulation, cloud-based computing, and optimization to foster cleaner product lifecycles. Key features include improvements in the Altair Material Data Center, OptiStruct, and HyperWorks tools, enabling companies to optimize designs while meeting regulatory and budget requirements. Notably, Radioss is now available as an open-source solver, promoting community collaboration for safer, greener innovations.
On September 16, 2022, Altair (Nasdaq: ALTR) announced the successful acquisition of RapidMiner, a prominent player in advanced data analytics and machine learning software. This acquisition enhances Altair's existing end-to-end data analytics portfolio by integrating RapidMiner's robust desktop and cloud platforms, thereby empowering clients to better understand and automate their data processes. Altair's strategic move positions the company for continued growth in computational science and artificial intelligence.
Altair has announced its flagship event, Future.Industry 2022, scheduled to feature renowned speakers discussing advances in computational science, AI, and data analytics. The event will showcase notable industry leaders and innovative trends across various technology sectors. Key presentations will include topics such as digital twin technology and smart manufacturing, featuring speakers from organizations like Lucid Motors and Google Cloud. Future.Industry will run live across multiple time zones, providing opportunities for interactive sessions and translations into several languages.
Altair (Nasdaq: ALTR) has announced the acquisition of RapidMiner, a leading platform in advanced data analytics and machine learning software. This strategic move aims to enhance Altair's data analytics portfolio, enabling businesses to leverage machine learning without needing extensive data science expertise. RapidMiner's low-code platform, used by over one million users, will complement Altair's existing offerings and strengthen its position in key sectors such as manufacturing and financial services. The integration aims to deliver a comprehensive, scalable analytics solution for enterprises.
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