TROY, Mich., Aug. 20, 2024 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, today responded to a statement from Matrix Capital Management. “In response to today’s announcement from Matrix Capital Management, we appreciate its strong support over the years and its decision to maintain its full position in Altair, recognizing our long-term strategic value,” said James R. Scapa, founder, chairman, and chief executive officer, Altair. About Altair Altair is a global lead ...

DuPont, BMW M GmbH, Dow Inc., Toyota, General Motors, and others creating sustainable, lightweight futureTROY, Mich., Aug. 6, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, has named the winners of the 2024 Altair Enlighten Award. Presented in association with the Center for Automotive Research (CAR), the award honors the greatest sustainability and lightweighting advancements that successfully reduce carbon footprint, mitigate water and energy consumption, and le ...

Altair Engineering Inc. (NASDAQ:ALTR) Q2 2024 Results Conference Call August 1, 2024 5:00 PM ET Company Participants Stephen Palmtag - Head of IR Jim Scapa - Founder, Chairman and CEO Matt Brown - CFO Conference Call Participants Matt Swanson - RBC Blair Abernethy - Rosenblatt Securities Charles Shi - Needham and Company Steve Tusa - JPMorgan Mark Schappel - Loop Capital Markets Dylan Becker - William Blair Operator Good day, and thank you for standing by. Welcome to the Altair Engineering Inc. Q2 2024 Earn ...

Altair Engineering (ALTR) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.15 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.67%. A quarter ago, it was expected that this company would post earnings of $0.35 per share when it actually produced earnings of $0.40, delivering a surprise of 14.29%.Over the last four quarters, the compan ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38263 ALTAIR ENGINEERING INC. (Exact name of registrant as specified in its charter) Delaware 38-2591828 (State or other jurisdiction of in ...

Exhibit 99.1 Altair Announces Second Quarter 2024 Financial Results Altair Exceeds Revenue Expectations for the Second Quarter TROY, Mich. – August 1, 2024 – Altair (Nasdaq: ALTR), a global leader in computational intelligence, today released its financial results for the second quarter and six months ended June 30, 2024. "Altair maintained its strong trajectory during the second quarter, with software revenue and total revenue above the high end of guidance," said James R. Scapa, founder, chairman, and chi ...

TROY, Mich., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, today released its financial results for the second quarter and six months ended June 30, 2024. “Altair maintained its strong trajectory during the second quarter, with software revenue and total revenue above the high end of guidance,” said James R. Scapa, founder, chairman, and chief executive officer, Altair. “Our Q2 results underscore the robustness of our software product lineup, which c ...

Complex fatigue analysis reduced development time for vehicle infotainment components by more than 20% TROY, Mich., July 31, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, and LG Electronics Vehicle component Solutions Company (LG VS Company) have collaborated to develop analysis solutions aimed at extending product lifespans. LG Electronics reduced the development time for their vehicle infotainment components by over 20% with the help of Altair® OptiStruct® – an ...

Core Insights - Altair has signed a memorandum of understanding (MoU) with the University of Nottingham for a pioneering digital twin project in the aerospace sector, aimed at enhancing electric propulsion systems [2][3][4] Group 1: Project Overview - The digital twin project will serve as a comprehensive solution for the aerospace industry, enabling rapid design, validation, and testing of electric propulsion systems for new aircraft and advanced air mobility (AAM) vehicles [2][3] - The collaboration will provide University of Nottingham researchers with unlimited access to Altair's HyperWorks and RapidMiner platforms, facilitating AI-powered multiphysics simulations and data analytics [3][4] Group 2: Technological Capabilities - The agreement includes access to Altair's high-performance computing (HPC) tools and extensive training, enhancing the university's research capabilities [3][4] - The project will leverage Altair's technology across various domains, including energy storage, power electronics, digital controllers, and thermal management systems [4] Group 3: Strategic Importance - This MoU supports the University of Nottingham's Zero Carbon Innovation Centre, co-funded by East Midlands Freeport, to develop a complete digital twin of an electric propulsion system [4] - The partnership aligns with Altair's commitment to innovation and sustainability in aerospace and transportation, aiming to translate zero carbon research into practical industry solutions [4]

TROY, Mich., July 18, 2024 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, will release its financial results for the second quarter ended June 30, 2024, after the market close on Thursday, August 1, 2024. On that day, management will hold a conference call and webcast at 5 p.m. ET to review and discuss the Company’s second quarter 2024 results and third quarter and full year 2024 outlook. A recorded version of this webcast will be available after the call and acces ...