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Altair Engineering

OverviewSuggest Edit

Altair Engineering is a technology company providing software and cloud solutions in the areas of product design and development, high-performance computing, and data analytics. It offers modeling, visualization, and physics solver solutions for a variety of engineering disciplines, simulation software for manufacturing companies, data analytics technology for data preparation, management, and analysis, as well as high-performance and cloud computing workflow tools. The company serves universities, government agencies, manufacturers, pharmaceutical firms, weather prediction agencies, and electronics design companies, and financial services organizations, such as banks and credit unions.

TypePublic
Founded1985
HQTroy, MI, USMap
Websitealtair.com
Employee Ratings4.2More
Overall CultureA-More

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2019)2,950(+4%)
Revenue (FY, 2020)$469.9 M(+3%)
Share Price (Feb 2021)$61.6 (+7%)
Cybersecurity ratingDMore

Key People/Management at Altair Engineering

James R. Scapa

James R. Scapa

Founder, Chairman, and Chief Executive Officer, Director
Howard Morof

Howard Morof

Chief Financial Officer
James Dagg

James Dagg

Chief Technical Officer
Brett Chouinard

Brett Chouinard

President, Chief Operating Officer, Director
Uwe Schramm

Uwe Schramm

Chief Technical Officer
Sam Mahalingam

Sam Mahalingam

Chief Technical Officer
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Altair Engineering Office Locations

Altair Engineering has offices in Troy, Austin, Berkeley, Bothell and in 64 other locations
Troy, MI, US (HQ)
1820 E Big Beaver Rd
Austin, TX, US
7800 Shoal Creek Blvd #200N
Berkeley, CA, US
2100 Shattuck Ave
Bothell, WA, US
3303 Monte Villa Pkwy #320
Clifton Park, NY, US
1 Fairchild Square, Clifton Park
Glendale, WI, US
5150 N Port Washington Rd #101
Show all (69)

Altair Engineering Financials and Metrics

Altair Engineering Revenue

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Altair Engineering's revenue was reported to be $469.92 m in FY, 2020
USD

Revenue (FY, 2020)

469.9m

Gross profit (FY, 2020)

348.6m

Gross profit margin (FY, 2020), %

74.2%

Net income (FY, 2020)

(10.5m)

EBIT (FY, 2020)

11.7m

Market capitalization (26-Feb-2021)

4.5b

Closing stock price (26-Feb-2021)

61.6

Cash (31-Dec-2020)

241.2m

EV

4.5b
Altair Engineering's current market capitalization is $4.5 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

333.3m396.4m458.9m469.9m

Revenue growth, %

6%19%16%

Cost of goods sold

106.6m116.0m132.6m121.3m

Gross profit

226.7m280.4m326.3m348.6m
Quarterly
USDQ3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

84.9m91.7m95.6m93.9m127.9m106.8m100.4m131.5m98.6m106.5m

Cost of goods sold

26.3m29.0m29.5m27.2m32.9m31.0m31.7m34.5m25.1m29.0m

Gross profit

58.6m62.7m66.1m66.7m95.0m75.8m68.7m97.0m73.5m77.4m

Gross profit Margin, %

69%68%69%71%74%71%68%74%75%73%
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Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

39.2m35.3m223.1m241.2m

Accounts Receivable

86.6m96.8m105.0m117.9m

Prepaid Expenses

10.0m15.5m17.1m21.1m

Inventories

2.0m2.0m
Quarterly
USDQ3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

16.7m63.2m199.2m197.4m39.8m251.8m246.9m247.1m250.5m245.4m

Accounts Receivable

63.5m83.4m73.8m69.0m88.4m85.8m84.1m87.7m79.2m88.5m

Prepaid Expenses

10.5m13.1m13.3m12.1m16.0m18.3m18.4m16.8m16.5m18.8m

Inventories

1.8m1.1m1.8m1.2m3.4m
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Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(99.4m)13.7m(7.5m)(10.5m)

Depreciation and Amortization

11.7m14.7m21.5m23.8m

Accounts Payable

(1.1m)1.6m(426.0k)(1.8m)

Cash From Operating Activities

16.1m36.2m31.4m32.9m
Quarterly
USDQ3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

(39.1m)3.9m5.4m12.7m13.0m9.9m(6.0m)6.0m(4.2m)(12.7m)

Depreciation and Amortization

7.9m3.5m7.5m10.9m5.2m10.5m15.8m5.7m11.3m16.9m

Accounts Payable

(1.6m)510.0k335.0k796.0k(1.8m)(2.2m)(420.0k)(3.0m)(3.8m)(3.3m)

Cash From Operating Activities

17.5m26.7m37.3m40.4m25.3m31.9m30.0m28.0m33.4m27.4m
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USDQ3, 2017

Debt/Equity

-1.5 x

Debt/Assets

0.3 x

Financial Leverage

-4.8 x
Show all financial metrics

Altair Engineering Operating Metrics

Altair Engineering's Customers was reported to be 11 k in FY, 2019.
FY, 2017FY, 2018FY, 2019

Products and Services

4 9 10

Products

150 150 150

Customers

5 k8 k11 k

Patents Issued

141 209 221
Show all operating metrics

Altair Engineering Acquisitions / Subsidiaries

Company NameDateDeal Size
Wrap International (WRAP Software Business)May 07, 2020
newFASANTJanuary 06, 2020
EDEM SimulationNovember 07, 2019
PolliwogOctober 10, 2019
Datawatch CorporationNovember 05, 2018
SIMSOLIDOctober 17, 2018
FluiDynaMay 10, 2018
Candi ControlsMay 03, 2018
Runtime Design AutomationSeptember 28, 2017
Altair Engineering Finland OySeptember 14, 2017
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Altair Engineering Revenue Breakdown

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Altair Engineering revenue breakdown by business segment: 87.4% from Software, 10.7% from Client Engineering Services and 1.9% from Other

Altair Engineering revenue breakdown by geographic segment: 15.4% from Other Countries (Asia Pacific), 8.2% from Japan, 10.7% from Other countries (EMEA), 10.9% from Germany, 47.7% from United States and 7.0% from Other

Altair Engineering Cybersecurity Score

Cybersecurity ratingPremium dataset

D

69/100

Learn more about our premium products
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Altair Engineering Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

Learn more about our premium products
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Altair Engineering Online and Social Media Presence

Altair Engineering's Trends

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Altair Engineering Company Culture

  • Overall Culture

    A-

    79/100

  • CEO Rating

    A+

    100/100

  • Compensation

    B

    73/100

  • Diversity

    B

    75/100

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Altair Engineering News and Updates

June 24, 2020

Cloudera Or Altair Engineering, Which To Choose?

Altair Engineering’s stock is up by 39% since December 2018. On the other hand, peer Cloudera’s stock is up merely 8% during the same period. This, despite the fact that Cloudera’s revenue growth for FY 2020 (ended January 2020) stood at 66%, compared to just 16% for Altair in the same period...
November 19, 2018

Crash Simulation Systems 2018 Global Market Key Players - Instron, HYGE, Escribano, TECOSIM, ESI Group, Altair Engineering, Dassault Systèmes, LSTC, Humanetics Innovative Solutions......

Crash Simulation Systems – Global Market Demand, Growth, Opportunities, Analysis of Top Key Players and Forecast to 2025 Posted via Industry Today. Follow us on Twitter @IndustryToday
September 21, 2018

Engineering Services Outsourcing (ESO) Global Market 2018: Key Players – Altair Engineering, Inc., Alten GmbH, Altran Technologies S.A, Aricent Group, ASAP Holding GmbH

Engineering Services Outsourcing (ESO) -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2022 Posted via Industry Today. Follow us on Twitter @IndustryToday
May 14, 2018

Altair Engineering's (ALTR) CEO Jim Scapa on Q1 2018 Results - Earnings Call Transcript

March 22, 2018

Altair Engineering: Lockup Expiration Concerns

March 21, 2018

Altair Engineering's (ALTR) CEO James Scapa on Q4 2017 Results - Earnings Call Transcript

Altair Engineering Blogs

March 01, 2021

Altair Global Digital Twin Contest for Students

You’re invited to explore the limitless possibilities of model-based design. Enter our digital twin contest this year and you can learn the basics of how to utilize a control system, simulate motion on a 3D CAD assembly and develop photorealistic ... Read More The post Altair Global Digital Twin Con…
February 24, 2021

Drone and Quadcopter Modeling , Control and Co-Simulation

Here we present the basics of quadcopter (or Drone) modelling and control as to form a basis for design and development in the area and for student teams to quickly be able to create control systems and co-simulation for their ... Read More The post Drone and Quadcopter Modeling , Control and Co-Sim…
February 17, 2021

Anyone Can Become a Pinball Wizard with Model-based Development

The elusive high score in pinball is a test of reflexes, determination, and focus. But most of us succumb to human error at some point. Reacting a fraction of a second too late, the ball falls fruitlessly past the flippers. ... Read More
February 12, 2021

Engineering in the America’s Cup: Creating an Edge with Simulation

To the uninitiated, the word sailing might elicit thoughts of a gentle breeze catching billowing white sails and boats gliding slowly over calm seas. The America’s Cup, one of the world’s oldest and most prestigious yacht race, is a different ... Read More
February 11, 2021

Innovate and Co-create in the Sweden-India Mobility Hackathon! in cooperation with Altair

We at Altair have joined forces with the Swedish Institute in the Sweden-India Mobility Hack on February 26- 28 to innovate and co-create the future of mobility. Over the course of a 42h digital marathon sprint, hackers will work on ... Read More The post Innovate and Co-create in the Sweden-India M…
February 10, 2021

QuickerSim Brings Faster Heat Transfer and Fluid Flow Simulation to the APA

QuickerSim CFD Toolbox has joined the Altair Partner Alliance (APA), offering Altair Compose® users the opportunity to simplify and accelerate problem solving in their heat transfer and fluid flow applications. This innovative new tool is ideally suited to repetitive design ... Read More
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 Altair Engineering Frequently Asked Questions

  • When was Altair Engineering founded?

    Altair Engineering was founded in 1985.

  • Who are Altair Engineering key executives?

    Altair Engineering's key executives are James R. Scapa, Howard Morof and James Dagg.

  • How many employees does Altair Engineering have?

    Altair Engineering has 2,950 employees.

  • What is Altair Engineering revenue?

    Latest Altair Engineering annual revenue is $469.9 m.

  • What is Altair Engineering revenue per employee?

    Latest Altair Engineering revenue per employee is $159.3 k.

  • Who are Altair Engineering competitors?

    Competitors of Altair Engineering include ESI Group, Alteryx and Ansys.

  • Where is Altair Engineering headquarters?

    Altair Engineering headquarters is located at 1820 E Big Beaver Rd, Troy.

  • Where are Altair Engineering offices?

    Altair Engineering has offices in Troy, Austin, Berkeley, Bothell and in 64 other locations.

  • How many offices does Altair Engineering have?

    Altair Engineering has 69 offices.