OverviewSuggest Edit

Altair Engineering is a global 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, US
Websitealtair.com
Employee Ratings4

Latest Updates

Employees (est.) (Dec 2019)2,950(+4%)
Job Openings75
Revenue (FY, 2019)$458.9 M(+16%)
Share Price (Oct 2020)$46.3
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
Show more

Altair Engineering Office Locations

Altair Engineering has offices in Troy, Austin, Bothell, Glendale and in 56 other locations
Troy, US (HQ)
1820 E Big Beaver Rd
Austin, US
7800 Shoal Creek Blvd #200N
Bothell, US
3303 Monte Villa Pkwy #320
Glendale, US
5150 N Port Washington Rd #101
Hampton, US
100 Exploration Way #310
Houston, US
Mellie Esperson Building, 808 Travis St #1020
Show all (60)

Altair Engineering Financials and Metrics

Altair Engineering Revenue

Embed Graph
View revenue for all periods
Altair Engineering's revenue was reported to be $458.92 m in FY, 2019 which is a 15.8% increase from the previous period.
USD

Revenue (Q2, 2020)

98.6m

Gross profit (Q2, 2020)

73.5m

Gross profit margin (Q2, 2020), %

74.6%

Net income (Q2, 2020)

(10.2m)

EBIT (Q2, 2020)

(4.3m)

Market capitalization (19-Oct-2020)

3.4b

Closing stock price (19-Oct-2020)

46.3

Cash (30-Jun-2020)

250.5m

EV

3.3b
Altair Engineering's current market capitalization is $3.4 b.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

333.3m396.4m458.9m

Revenue growth, %

6%19%16%

Cost of goods sold

106.6m116.0m132.6m

Gross profit

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

Revenue

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

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

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

Cash

39.2m35.3m223.1m

Accounts Receivable

86.6m96.8m105.0m

Prepaid Expenses

10.0m15.5m17.1m

Inventories

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

Cash

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

Accounts Receivable

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

Prepaid Expenses

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

Inventories

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

Net Income

(99.4m)13.7m(7.5m)

Depreciation and Amortization

11.7m14.7m21.5m

Accounts Payable

(1.1m)1.6m(426.0k)

Cash From Operating Activities

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

Net Income

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

Depreciation and Amortization

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

Accounts Payable

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

Cash From Operating Activities

17.5m26.7m37.3m40.4m25.3m31.9m30.0m28.0m33.4m
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
Show more

Altair Engineering Cybersecurity Score

Cybersecurity ratingPremium dataset

D

69/100

SecurityScorecard logo

Altair Engineering Revenue Breakdown

Embed Graph

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 Online and Social Media Presence

Embed Graph

Altair Engineering News and Updates

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...

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

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

Altair Engineering Blogs

Watch the Recordings of Day 1 of 2020 Two Day Virtual Altair Student WORKSHOP Here.

Watch Recordings of the 2020 Virtual Altair Student Workshop held on September 24th-25th and experience, how you can use simulation and CAE methods in your projects to succeed! Experienced users and the Altair University team will demonstrate how to get ... Read More The post Watch the Recordings of…

Taking the Difficult Out of Data Analytics

Natural language processing (NLP) is already part of the fabric of everyday life. Amazon Echo and Google Home have quickly become embedded in the domestic landscape. A little less obviously, NLP is also helping to make sense of our online ... Read More

ANTENNA MODELING AND SIMULATION TECHNIQUES – WEBINAR

By Dr. C.J. Reddy Fellow IEEE, VP Business Development Electromagnetics, Altair, Now-a-days antennas have become an integral and important part of almost any wireless communication system. In the field of antenna engineering, theoretical analysis is of paramount importance in understanding ... Read …

Altair France Returns to the Office

What if it was possible to help fight COVID-19 with the aid of Altair tools? This idea originated in Altair France’s education, research, and Africa (ERA) business unit when the team’s group of engineers realized that, by applying various Altair ... Read More

Design High-Quality Plastic Components Faster with New APA Product, S-Life Plastics

Design programs that both help users create components made of plastics and meet quality assessments and strength needs, are scarcely available in many commercial software solutions. PART Engineering, a member of the Altair Partner Alliance (APA), saw this lack of ... Read More

Baja Champions Team Predators Racing Design the Lightest and most Rugged Car with Altair Software

Baja Champions Team Predators Racing is at All India rank 1st by beating 140 teams, The Team talks about the various ways they use Altair software in the design of their car in terms of light-weighting, Chassis Design and aerodynamics ... Read More The post Baja Champions Team Predators Racing Desig…
Show more

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 $458.9 m.

  • What is Altair Engineering revenue per employee?

    Latest Altair Engineering revenue per employee is $155.6 k.

  • Who are Altair Engineering competitors?

    Competitors of Altair Engineering include Alteryx, Ansys and Siemens Manufacturing.

  • 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, Bothell, Glendale and in 56 other locations.

  • How many offices does Altair Engineering have?

    Altair Engineering has 60 offices.