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 Engineering (ALTR) provides cutting-edge simulation software, high-performance computing (HPC), and AI-driven solutions that transform product design and operational efficiency across industries. This page serves as the definitive source for verified news and official announcements from Altair, offering stakeholders timely insights into the company’s strategic direction.
Access up-to-date press releases covering earnings reports, product innovations, strategic partnerships, and leadership updates. Investors and industry professionals can track developments in Altair’s core technologies, including advancements in simulation accuracy, cloud-based HPC scalability, and data analytics integration.
All content is curated to meet investor needs while maintaining technical relevance. Expect updates on regulatory filings, intellectual property milestones, and cross-sector applications in automotive, aerospace, and industrial manufacturing. Our neutral presentation ensures compliance with financial disclosure standards.
Bookmark this page for direct access to Altair’s verified announcements. Check regularly for insights into how the company’s engineering solutions address evolving market demands in digital transformation and sustainable design practices.
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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