ALTR
Information Technology

Altair Engineering Inc.

ALTR
Since 1983

Headquarters:

MI, United States

Exchange:

NASDAQ

Industry:

Software—Infrastructure

Number of Employees:

3.40K

Current Fiscal Year:

2024

Market Cap:

6.69B

Price per Share:

$111.85

Quarterly Dividend per Share:

Year-to-date Performance:
2.3237%
Dividend Yield:
%
Price-to-book Ratio:
7.99
Trailing P/E Ratio:
203.51

Price History

Latest Prices

DateOpenHighLowClose
2025-03-25111.8111.91111.6982111.85
2025-03-24111.95111.98111.69111.69
2025-03-21111.5112.31111.47111.75
2025-03-20111.5111.7111.47111.54
2025-03-19111.45111.75111.33111.67

Altair Engineering Inc., together with its subsidiaries, provides software and cloud solutions in the areas of simulation and design, high-performance computing, data analytics, and artificial intelligence in the United States and internationally. It operates in two segments, Software and Client Engineering Services. The Software segment offers solvers and optimization technology products, high-performance computing software applications and hardware products, modeling and visualization tools, data analytics and analysis products, and Internet of Things platform and analytics tools, as well as support and the complementary software products. This segment also provides software technologies in the areas of computational fluid dynamics and fatigue, manufacturing process simulation, and cost estimation for the applications in automotive, marine, motorcycle, aerospace, chemical, and architecture industries; and software-related services, such as consulting, implementation, and training services that focuses on the product design and development expertise and analysis from the component level up to complete product engineering at various stage of the lifecycle. The Client Engineering Services segment provides client engineering services. In addition, the company is involved in the development and sale of solid state lighting technology along with communication and control protocols based on its intellectual property for the direct replacement of fluorescent tubes with LED lighting. Its integrated suite of software optimizes design performance across various disciplines, including structures, motion, fluids, thermal management, electromagnetics, system modeling, and embedded systems. The company serves universities, government agencies, manufacturers, pharmaceutical firms, banking, financial services, and insurance, weather prediction agencies, and electronics design companies. Altair Engineering Inc. was incorporated in 1985 and is headquartered in Troy, Michigan.

Financial Performance

2024 Revenue:644.66M

Detailed view of quarterly revenue

2024 Net Income:32.85M

Detailed view of quarterly net income

2024 Free Cash Flow:126.16M

Overview of free cash flow for the quarter

Annual Revenue Comparison

Compares total annual revenues

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