Welcome to our dedicated page for Altair Engineering news (Ticker: $ALTR), a resource for investors and traders seeking the latest updates and insights on Altair Engineering stock.
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Altair (ALTR) will release its financial results for the fourth quarter and fiscal year ended December 31, 2023, on February 22, 2024. The management will hold a conference call and webcast to review and discuss the results and 2024 outlook.
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End-of-Day
2.39%
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Altair (ALTR) will host an Investor Day on March 20, 2024, showcasing its plans to lead a new era of computational intelligence. The event will feature presentations by top executives and will be available via live webcast and recorded version on the company's website.
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Rhea-AI Sentiment
End-of-Day
1.97%
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Altair (Nasdaq: ALTR) announces Future.Industry 2024, a virtual event exploring the 'Science of Possibility' and bringing together thought leaders, industry experts, and visionaries to explore tomorrow's trends and technologies. The event will feature speakers from prominent organizations and will cover topics such as AI, data analytics, high-performance computing, and academia.
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Rhea-AI Sentiment
End-of-Day
2.13%
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Altair (Nasdaq: ALTR) partners with JLR and Danecca to develop new design process for electric vehicles with U.K. government funding
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0.2%
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Altair (Nasdaq: ALTR) expands its relationship with FIRST, providing more than 3,500 high school teams with free access to leading technology like Altair® RapidMiner® and Altair® Inspire™. The collaboration aims to enhance students' technical skills and support a diverse community, aligning with FIRST's goal of preparing young people for the future through robotics programs. Altair's commitment to students and technology is highlighted, emphasizing the convergence of simulation, data, and digital twins in engineering as critical to students' future and professional development.
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-1.17%
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News
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Altair (ALTR) announces groundbreaking updates to Altair RapidMiner, including auto-clustering, expanded SAS, Python, and R coding capabilities, generative AI, AutoML, and no-code development features, and enhanced data visualization tools.
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Rhea-AI Sentiment
End-of-Day
-0.13%
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Altair (Nasdaq: ALTR) announces significant upgrades to Altair HPCWorks, its high-performance computing (HPC) and cloud platform. The upgrades include AI integration, powerful scheduling capabilities, and advanced HPC monitoring and reporting tools. The enhancements aim to simplify resource management, workload management, workflow management, and reporting, ultimately accelerating innovation for organizations.
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Rhea-AI Sentiment
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5.7%
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Altair, a global leader in computational science and AI, reported strong financial results for Q3 2023. Software product revenue increased by 14.8% to $119.1 million compared to Q3 2022. Total revenue reached $134.0 million, a 12.3% increase. Net loss improved to $(4.4) million from $(33.2) million in Q3 2022. Non-GAAP net income rose by 197.0% to $12.7 million. Adjusted EBITDA increased by 126.3% to $15.5 million. Altair provided positive guidance for Q4 2023 and expects software product revenue of $153-159 million and total revenue of $169 million.
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11.22%
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Altair CFO to participate in fireside chat at RBC Capital Markets Conference on November 14 at 11:20 a.m. ET. Webcast and replay available on investor relations website.
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-0.03%
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Altair to release Q3 2023 financial results and outlook
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Rhea-AI Sentiment
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-1.71%
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Altair Engineering Inc.
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About ALTR
altair is focused on the development and broad application of simulation technology to synthesize and optimize designs, processes and decisions for improved business performance. privately held with more than 2,500 employees, altair has more than 45 offices in 24 countries throughout north america, south america, europe and asia/pacific. with a 30-year track record for product design, advanced engineering software, on-demand computing technologies and enterprise analytics solutions, altair consistently delivers a competitive advantage to more than 5,000 corporate clients representing the automotive, aerospace, government and defense, and consumer products verticals. altair also has a growing client presence in the life sciences, financial services and energy markets.