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.
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Altair (Nasdaq: ALTR) has announced the global release of OpenRadioss, an open-source version of its proven finite element analysis (FEA) dynamic simulation code, Radioss. This initiative aims to accelerate innovation in industries facing multidisciplinary challenges such as climate change. With over 30 years of successful application in various sectors, OpenRadioss will allow users to modify and share code, thus fostering collaboration. The newly formed OpenRadioss Community will enhance capabilities and dissemination among academia and industry.
Altair (Nasdaq: ALTR), a leader in computational science and AI, announced that CEO James R. Scapa and CFO Matt Brown will participate in a fireside chat at the Rosenblatt 2nd Annual AI Conference on August 25, 2022, at 11:00 a.m. ET. The event will be available for live streaming and replay on Altair's investor relations website.
The company provides software and cloud solutions for simulation, high-performance computing, data analytics, and AI, helping organizations to achieve smarter decisions and sustainability goals.
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Altair (Nasdaq: ALTR) reported strong Q2 2022 results, surpassing expectations with a 17.4% increase in software product revenue, reaching $116.9 million. Total revenue grew 10.6% year-over-year to $132.7 million. However, the company reported a net loss of $(33.8) million, worsening from $(13.6) million in Q2 2021, with diluted net loss per share of $(0.43). Altair also revised full-year guidance downward due to adverse foreign exchange impacts.
Altair has announced the winners of the 10th annual Enlighten Award, recognizing advancements in sustainability and lightweighting within the automotive industry. Major winners include Ford for its 2022 F-150 Lightning, and Nemak for its recycled materials in sustainable manufacturing. This year's awards reflect the industry's commitment to reducing carbon footprints and energy consumption, showcasing innovative technologies and practices. The award ceremony took place on August 2, 2022, highlighting key achievements in vehicle design and material reuse.
Altair (Nasdaq: ALTR), a leader in computational science and artificial intelligence, will present at the Oppenheimer 25th Annual Technology, Internet & Communications Conference on August 10, 2022, at 12:25 p.m. ET. CEO James R. Scapa and CFO Matt Brown are scheduled to discuss the company's advancements in software and cloud solutions for simulation, high-performance computing, and data analytics. A live webcast and replay will be available on Altair's investor relations website.
Altair (Nasdaq: ALTR) is set to release its second quarter financial results for the period ending June 30, 2022, on August 4, 2022, after market close. Following the earnings release, the management will host a conference call and webcast at 5 p.m. ET to discuss the results and provide an outlook for the third quarter and the full year 2022. Interested parties can access the replay of the webcast on the company's investor relations website.
Altair (Nasdaq: ALTR) has signed a memorandum of understanding with LG Electronics to enhance digital transformation in product development. This collaboration focuses on creating a simulation platform and sharing research insights in fields such as computer-aided engineering and data analytics. By integrating LG's product development technology with Altair's AI-driven simulation, the partnership aims to minimize physical testing needs, thereby speeding up product development and reducing time-to-market. This initiative is anticipated to bolster LG's competitiveness in smart product development.
Altair (Nasdaq: ALTR) announced the launch of the Altair Unlimited data analytics appliance, a comprehensive, plug-and-play solution built on Dell PowerEdge R750 servers. This appliance aims to democratize data analytics across enterprises, empowering users with enhanced capabilities to drive business results. The offering includes pre-loaded Altair Analytics software and tools such as Altair SLC, SmartWorks Hub, Analytics Workbench, and Access. Altair's partnership with Dell focuses on transitioning businesses from traditional, costly analytics systems to modern, efficient solutions.
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