Altair, supported by NVIDIA technology, will further drive innovation in simulation-driven design, AI-powered engineering, and computational intelligenceTROY, Mich., March 19, 2025 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, has announced a technical integration between the NVIDIA Omniverse Blueprint for Real Time Digital Twins and the Altair One® cloud innovation gateway. The integration takes advantage of GPU acceleration, NVIDIA NIM microservices, and NVIDIA Omni ...

Group 1 - Altair has appointed Var Group as a channel partner for the EMEA region to offer its simulation, data analytics, and AI solutions [1][2] - The partnership aims to optimize operations, drive innovation, and unlock new opportunities for organizations [1][2] - Var Group's expertise in digital transformation aligns with Altair's vision of empowering businesses through advanced technology [2] Group 2 - The collaboration will enhance Var Group's portfolio with advanced AI, data analytics, and simulation solutions to meet complex industry needs [2] - Altair is recognized as a global leader in computational intelligence, providing software and cloud solutions across various industries [3] - The partnership is expected to accelerate innovation and enhance efficiency in an evolving market [2]

Highlights include AI-powered engineering, digital twins, AI fabric, and AI agentsTROY, Mich., March 11, 2025 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, will showcase how its cutting-edge artificial intelligence (AI) and simulation capabilities are transforming industries at Hannover Messe 2025, taking place March 31- April 4 in Hanover, Germany. Altair will demonstrate how its technology helps businesses innovate faster, optimize performance, and drive sustainable ...

Core Insights - Altair has been selected to join the Piedmont Aerospace Cluster, enhancing its role in driving innovation within the aerospace sector [1][2] - The Cluster aims to improve the competitiveness of Piedmont's aerospace industry through coordination and long-term investment in technological innovation [3] Company Contributions - Altair will provide essential tools and expertise in digital engineering and AI for the development, production, and maintenance of aircraft and subsystems [2][3] - The company has established strong relationships with leading aerospace firms over its 20 years in the region, indicating a deep-rooted presence in the aerospace ecosystem [3] Industry Context - The Piedmont Aerospace Cluster is a nonprofit organization founded in 2005, focusing on enhancing the aerospace industry's competitiveness in the region [3] - The Cluster includes various innovative aerospace companies and emphasizes the importance of simulation, data analytics, and AI in the industry [3]

Altair Engineering (ALTR) came out with quarterly earnings of $0.52 per share, missing the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.46 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1.89%. A quarter ago, it was expected that this company would post earnings of $0.16 per share when it actually produced earnings of $0.24, delivering a surprise of 50%.Over the last four quarters, the company ...

Financial Performance - In 2024, 32% of software billings were attributed to the Americas, 31% to EMEA, and 37% to APAC[85] - The company’s software piracy is expected to negatively impact revenue and financial results, despite a shift to a subscription-based model[98] - The company’s backlog is not considered a key management metric due to fluctuations in customer subscription agreements[115] - As of December 31, 2024, the company reported cash, cash equivalents, and restricted cash totaling $562.0 million[433] - The company issued $230.0 million in convertible senior notes with a fixed interest rate of 1.750%, due in 2027, mitigating interest rate exposure[432] - The company does not have any foreign currency hedging contracts as of December 31, 2024, and does not plan to engage in hedging activities in the near future[431] - The company is exposed to foreign currency risks due to substantial international operations, which can impact reported revenue and operating income[430] - The fair market value of the company's convertible notes is influenced by interest rates and the stock price of its Class A common stock[432] - Historical fluctuations of interest expense related to interest-bearing instruments have not been significant for the company[433] Acquisitions and Strategic Growth - The company has acquired 55 companies or strategic technologies since 1996, including 21 in the last five years[111] - In August 2024, the company acquired KSK Analytics, a Japanese firm specializing in AI and data analytics, enhancing its strategic consulting capabilities[117] - The acquisition of Metrics Design Automation Inc. in July 2024 will allow the company to offer semiconductor electronic functional simulation through its Altair One platform[117] - The company acquired Research in Flight in April 2024, integrating its computational fluid dynamics software into the Altair HyperWorks platform, targeting aerospace and defense sectors[117] - The assets of Cambridge Semantics were acquired in April 2024, with plans to integrate its analytical graph database technology into the Altair RapidMiner platform[117] Innovation and Technology - As of December 31, 2024, the company had 303 issued patents worldwide and eight published patent applications[94] - The company’s simulation solutions are noted for their ability to handle large and complex models, delivering high performance and scalability[89] - The company’s unique units-based licensing model lowers barriers to adoption and encourages user engagement within its ecosystem[92] - The company’s consulting and implementation services are aimed at ensuring customer success and deepening relationships[91] Sustainability Efforts - The company’s sustainability efforts include supporting additive manufacturing and cloud-based applications to reduce environmental impact[110] Workforce and Employment - The company employs over 3,300 in-house employees and more than 200 on-site Client Engineering Services employees globally[100]

Exhibit 99.1 Altair Announces Fourth Quarter and Full Year 2024 Financial Results TROY, Mich. – February 20, 2025 – Altair (Nasdaq: ALTR), a global leader in computational intelligence, today released its financial results for the fourth quarter and full year ended December 31, 2024. Fourth Quarter 2024 Financial Highlights Full Year 2024 Financial Highlights Pending Transaction with Siemens and Conference Call Information On January 22, 2025, Altair's stockholders approved the previously announced merger a ...

Core Insights - Altair, a leader in computational intelligence, reported its financial results for Q4 and the full year of 2024, showing significant revenue growth but a decline in net income for the fourth quarter [1][4]. Financial Highlights Fourth Quarter 2024 Financial Highlights - Software revenue reached $179.4 million, up 15.0% from $155.9 million in Q4 2023, with a 16.5% increase in constant currency [6]. - Total revenue was $192.6 million, a 12.3% increase from $171.5 million in Q4 2023, with a 13.8% rise in constant currency [6]. - Net income fell to $1.0 million from $19.7 million in Q4 2023, resulting in a net income margin of 0.5% compared to 11.5% in the previous year [6]. - Non-GAAP net income increased to $47.4 million from $41.1 million in Q4 2023, with non-GAAP net income per share rising to $0.52 from $0.47 [6]. - Adjusted EBITDA was $61.0 million, up 13.9% from $53.6 million in Q4 2023, with an adjusted EBITDA margin of 31.7% [6]. Full Year 2024 Financial Highlights - Software revenue for the full year was $611.9 million, an 11.3% increase from $550.0 million in 2023, with a 12.5% rise in constant currency [6]. - Total revenue reached $665.8 million, up 8.7% from $612.7 million in 2023, with a 9.8% increase in constant currency [6]. - Net income improved to $14.2 million from a net loss of $(8.9) million in 2023, resulting in a net income margin of 2.1% [6]. - Non-GAAP net income for the year was $119.6 million, compared to $98.8 million in 2023, with non-GAAP net income per share increasing to $1.35 from $1.17 [6]. - Adjusted EBITDA for the full year was $149.9 million, a 16.1% increase from $129.1 million in 2023, with an adjusted EBITDA margin of 22.5% [6]. Pending Transaction - On January 22, 2025, Altair's stockholders approved a merger agreement with Siemens Industry Software Inc., with the transaction expected to close in the first half of 2025, pending customary closing conditions [4]. - Due to the pending merger, Altair is suspending its quarterly financial results conference calls and guidance [4]. Cash Flow and Operating Activities - Cash provided by operating activities was $154.1 million for the full year, compared to $127.3 million in 2023 [6]. - Free cash flow for the year was $140.0 million, up from $117.1 million in 2023 [6]. Balance Sheet - As of December 31, 2024, total assets were $1,445.6 million, compared to $1,363.5 million in 2023 [20][21]. - Total liabilities were $588.5 million, down from $652.2 million in 2023 [20][21]. - Stockholders' equity increased to $857.2 million from $711.3 million in 2023 [21]. Changes in Revenue Presentation - Effective Q1 2024, Altair changed the presentation of revenue and cost of revenue, combining certain line items into a single category labeled "Engineering services and other," which does not affect previously reported amounts [28].

Core Insights - Altair has launched Altair® HyperWorks® 2025, a design and simulation platform aimed at creating a zero-prototype world where designs are perfected virtually before physical production [1][2] - The platform integrates AI, high-performance computing, and multiphysics simulation to enhance product development and innovation [1][3] AI-Powered Engineering and Optimization - Altair's new transformer architectures improve physics prediction models, enabling accurate simulations with limited data [4] - Machine learning models reduce simulation times while enhancing reliability, and AI-enabled reduced order modeling allows for faster simulations of nonlinear systems [4] Cloud-Based and SaaS Solutions - The Altair® DSim™ SaaS solution offers semiconductor designers unlimited simulations on a pay-as-you-go basis, promoting scalability without upfront costs [5] - Altair One® cloud innovation gateway enhances collaboration by providing instant access to simulation applications and HPC resources [5] Automation and Customization - New automation features, including Python APIs, streamline repetitive tasks and data queries, while advanced batch execution reduces workflow complexity [6] - Customization options allow users to tailor simulations for specific applications, such as pharmaceuticals and agriculture [6] Digital Engineering: A Connected Ecosystem - Altair's approach connects data, teams, and processes across the product lifecycle, enhancing digital twin and digital thread technologies for seamless data flow [7] - Private material databases support sustainability goals by providing a single source for material decisions and CO₂ impact analysis tools [7] Solver Efficiency - The "One Model, One Solver" approach simplifies structural simulations, allowing smooth transitions between different analysis types [8] - AI-powered PhysicsAI™ models can replace traditional numerical solvers, accelerating simulations while maintaining accuracy [8] Multiphysics Simulation for Electronics - Recent updates improve the management of thermal, electromagnetic, and power interactions in electronics design, enhancing system performance predictions [10] CAE as a Design Tool - Altair® Inspire™ offers user-friendly computational physics for various analyses, while the CoPilot™ Beta AI assistant provides on-demand guidance [11] Advanced Material Simulation - Altair's material solutions enable organizations to source and simulate high-fidelity material data, optimizing designs and achieving sustainability goals [12] Particle Simulation - New physics models in particle simulation enhance workflows and enable realistic representations for applications in agriculture, batteries, and pharmaceuticals [13]

CoE to provide leading 5G-6G capabilities for clients in telecommunications, smart factories, connected vehicles, and healthcareTROY, Mich., Feb. 13, 2025 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, and L&T Technology Services (BSE: 540115, NSE: LTTS), a global leader in digital engineering and R&D services, announced the launch of a groundbreaking 5G-6G Wireless Center of Excellence (CoE). Altair and L&T Technology Services announced the launch of a groundbreak ...