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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 Ratings4.1More
Overall CultureA+More
View Jobs (242)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2019)2,950(+4%)
Job Openings242
Revenue (FY, 2020)$469.9 M(+3%)
Share Price (Sept 2021)$75.3
Cybersecurity ratingDMore

Key People/Management at Altair Engineering

James R. Scapa

James R. Scapa

Founder, Chairman, and Chief Executive Officer, Director
Brett Chouinard

Brett Chouinard

President, Chief Operating Officer, Director
Uwe Schramm

Uwe Schramm

Chief Technical Officer
Matthew Brown

Matthew Brown

Chief Financial Officer
Sam Mahalingam

Sam Mahalingam

Chief Technical Officer
Amy Messano

Amy Messano

Chief Marketing 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 (Q1, 2021)

150.2m

Gross profit (Q1, 2021)

116.7m

Gross profit margin (Q1, 2021), %

77.7%

Net income (Q1, 2021)

14.4m

EBIT (Q1, 2021)

18.2m

Market capitalization (14-Sept-2021)

5.6b

Closing stock price (14-Sept-2021)

75.3

Cash (31-Mar-2021)

243.4m

EV

5.6b
Altair Engineering's current market capitalization is $5.6 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, 2020Q1, 2021

Revenue

84.9m91.7m95.6m93.9m127.9m106.8m100.4m131.5m98.6m106.5m150.2m

Cost of goods sold

26.3m29.0m29.5m27.2m32.9m31.0m31.7m34.5m25.1m29.0m33.4m

Gross profit

58.6m62.7m66.1m66.7m95.0m75.8m68.7m97.0m73.5m77.4m116.7m

Gross profit Margin, %

69%68%69%71%74%71%68%74%75%73%78%
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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, 2020Q1, 2021

Cash

16.7m63.2m199.2m197.4m39.8m251.8m246.9m247.1m250.5m245.4m243.4m

Accounts Receivable

63.5m83.4m73.8m69.0m88.4m85.8m84.1m87.7m79.2m88.5m107.1m

Prepaid Expenses

10.5m13.1m13.3m12.1m16.0m18.3m18.4m16.8m16.5m18.8m22.3m

Inventories

1.8m1.1m1.8m1.2m3.4m
show all
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, 2020Q1, 2021

Net Income

(39.1m)3.9m5.4m12.7m13.0m9.9m(6.0m)6.0m(4.2m)(12.7m)14.4m

Depreciation and Amortization

7.9m3.5m7.5m10.9m5.2m10.5m15.8m5.7m11.3m16.9m6.7m

Accounts Payable

(1.6m)510.0k335.0k796.0k(1.8m)(2.2m)(420.0k)(3.0m)(3.8m)(3.3m)(767.0k)

Cash From Operating Activities

17.5m26.7m37.3m40.4m25.3m31.9m30.0m28.0m33.4m27.4m36.6m
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USDQ3, 2017

Debt/Equity

-1.5 x

Debt/Assets

0.3 x

Financial Leverage

-4.8 x
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Altair Engineering Operating Metrics

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

Products and Services

4910

Products

150150150

Customers

5 k8 k11 k

Patents Issued

141209221
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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

61/100

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+

    81/100

  • CEO Rating

    A+

    100/100

  • Compensation

    B

    76/100

  • 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

September 23, 2021

What is Free-Size Optimization?

Free-size optimization is the most specialized of these methods and is often applied to optimize machined structures and parts stamped from tailor-welded blanks. It is perhaps most widely used, however, in the design of complex laminate composite components. Free-size optimization helps engineers fi…
September 21, 2021

GARUDA UNY Shell Eco-marathon Team Testimonial

Kesit Bayu Purnomo as Autodesign Division of Garuda UNY Eco Team “Altair has made a huge impact on our team. The ease of use is one of the big advantages of Altair products, for example, in Altair Inspire each related ... Read More The post GARUDA UNY Shell Eco-marathon Team Testimonial appeared fir…
September 16, 2021

What is Size, Shape, and Free-Shape Optimization?

Topology and topography optimization deliver great concepts, but even the most promising new designs need to be fine-tuned. This is where size, shape, and free-shape optimization come in. Size optimization is widely used to find optimal solutions for key product characteristics, such as cross-sectio…
September 09, 2021

What is Topology Optimization?

Imagine a simple beam that needs to carry a single load. Engineers can typically draw upon experience to propose a workable solution. But when faced with a complex part, packaged into a tight space, that needs to carry multiple loads, ... Read More The post What is Topology Optimization? appeared fi…
September 02, 2021

What is Topography Optimization

Topography optimization helps manufacturers to design and optimize any thin-walled part. Like a drum skin, these thin sheet structures can be easily excited, causing undesirable noise, vibration and even damage under certain conditions. Topography optimization enables the design of thin-walled struc…
August 19, 2021

Altair Engineering India Pvt Ltd and Indian Institute of Technology Madras Collaborate to Expand Altair Embed Target Support Portfolio with the SHAKTI Processor

Altair announced its collaboration with the Indian Institute of Technology Madras (IITM), a premier education Institute in Chennai, India, to add the Shakti processor to the support portfolio of Altair Embed. The Shakti processor – India’s first indigenous RISC-V processor ... Read More The post Alt…
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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, Brett Chouinard and Uwe Schramm.

  • 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.