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, a leader in computational intelligence, has achieved the ISO/IEC27001:2022 certification, showcasing its commitment to global information security. This certification, audited against the latest frameworks by ISO and IEC, marks a significant milestone for Altair. The certification underscores Altair's dedication to adhering to the highest international security standards, important for enterprise-level clients. Jeff Marraccini, Altair's CISO, emphasized that this achievement is the result of years of effort and investment by their global security teams. The certification covers various modern security requirements, including web filtering, cloud security, and threat intelligence, enhancing Altair's operational excellence and cyber-resilience.
Altair, a global leader in computational intelligence, reported record software revenue and total revenue for the first quarter of 2024, showcasing growth in all major geographies and verticals. The company achieved $158.4 million in software revenue and $172.9 million in total revenue, marking increases from the previous year. Net income saw a significant improvement, reaching $16.5 million compared to a net loss in the same period last year. Altair also provided positive guidance for the second quarter and full year 2024.
Altair, a global leader in computational intelligence, acquired Research in Flight, maker of FlightStream®, a powerful computational fluid dynamics (CFD) software widely used in aerospace, defense, marine, energy, turbomachinery, and automotive industries. FlightStream® enhances aerodynamic analysis with fast computational speeds, low hardware requirements, and unique capabilities like surface vorticity. The acquisition strengthens Altair's portfolio, catering to complex customer demands in aerospace, defense, urban air mobility, and eVTOL sectors.
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