Altair Engineering provides enterprise analytics, engineering, and on-demand computing software technologies. Its technology optimizes the analysis, management, and visualization of business and engineering information. The Company's products include HyperWorks, an enterprise simulation solution for design exploration and decision-making; and PBS GridWorks, a software environment for grid, cluster, and on-demand computing. It also provides product development consultancy services, business intelligence software solutions, and solid state lighting products, as well as develops and markets industrial design/styling software.
Type
Public
HQ
Troy, US
Founded
1985
Size (employees)
2,400 (est)
Website
altair.com
Altair Engineering was founded in 1985 and is headquartered in Troy, US
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Key People/Management at Altair Engineering

Tom Perring

Tom Perring

CFO
Uwe Schramm

Uwe Schramm

CTO
Brett Chouinard

Brett Chouinard

COO
Jeffery Brennan

Jeffery Brennan

Chief Marketing Officer
Martin Nichols

Martin Nichols

Chief Information Officer
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Altair Engineering Office Locations

Altair Engineering has an office in Troy
Troy, US (HQ)
1820 E Big Beaver Rd
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Altair Engineering Financials and Metrics

Altair Engineering Revenue

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Altair Engineering's revenue was reported to be $333.33 m in FY, 2017 which is a 6.4% increase from the previous period.
USD

Revenue (FY, 2017)

333.3 m

Revenue growth (FY, 2016 - FY, 2017), %

6.4%

Gross profit (FY, 2017)

226.7 m

Gross profit margin (FY, 2017), %

68%

Net income (FY, 2017)

(99.4 m)

Market capitalization (18-Jul-2018)

2.3 b

Closing share price (18-Jul-2018)

35.5

Cash (31-Dec-2017)

39.2 m

EV

2.3 b
Altair Engineering's current market capitalization is $2.3 b.
USDFY, 2015FY, 2016FY, 2017

Revenue

294.1 m313.2 m333.3 m

Revenue growth, %

6%6%

Cost of goods sold

99.2 m102.6 m106.6 m

Gross profit

194.9 m210.6 m226.7 m
USDFY, 2015FY, 2016FY, 2017

Cash

13.8 m16.9 m39.2 m

Accounts Receivable

66.8 m70.5 m86.6 m

Prepaid Expenses

7.1 m7.4 m10 m

Inventories

2.1 m1.2 m2 m
USDFY, 2015FY, 2016FY, 2017

Net Income

10.9 m10.2 m(99.4 m)

Depreciation and Amortization

8.4 m10 m11.7 m

Accounts Payable

558 k(1.3 m)(1.1 m)

Cash From Operating Activities

10.8 m21.4 m16.1 m
USDY, 2017

EV/CFO

140.6 x

EV/FCF

264.1 x

Revenue/Employee

138.9 k

Financial Leverage

4.8 x

P/E Ratio

(18.8 )
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Altair Engineering Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Runtime Design Automation September 28, 2017
Altair Engineering Finland Oy September 14, 2017
Carriots May 30, 2017
MODELiiS May 24, 2017
Solid Iris Technologies September 14, 2016
CEDRAT SA May 10, 2016
AWE Communications April 11, 2016
EMSS December 10, 2013
ACUSIM Software January 10, 2011
SimLab October 27, 2010
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Altair Engineering Revenue Breakdown

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Altair Engineering revenue breakdown by business segment: 14.0% from CES, 84.1% from Software and 2.0% from Other

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Altair Engineering Online and Social Media Presence

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Altair Engineering Company Life and Culture

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