Craft

Altair Engineering

Stock Price

$74.5

2023-05-26

Market Capitalization

$6 B

2023-05-26

Revenue

$572.2 M

FY, 2022

Altair Engineering Summary

Company summary

Overview
Altair Engineering is a technology company providing software and cloud solutions in the areas of product design and development, high-performance computing, data analytics, and artificial intelligence (AI). It offers modeling, visualization, and physics solver solutions for a variety of engineering disciplines, simulation software for manufacturing companies, artificial intelligence technology for data preparation, data science, management, 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 banking, financial services, and insurance (BFSI) organizations.
Type
Public
Status
Active
Founded
1985
HQ
Troy, MI, US | view all locations
Website
https://www.altair.com/
Cybersecurity rating
ESG rating
50-59 out of 100|View all ESG data
Sectors

Key people

  • James R. Scapa

    James R. Scapa, Founder, Chairman, and Chief Executive Officer

  • Matthew Brown

    Matthew Brown, Chief Financial Officer

  • Srikanth Mahalingam

    Srikanth Mahalingam, Chief Technology Officer

  • Stephanie Buckner

    Stephanie Buckner, Chief Operating Officer

Operating MetricsView all

Products and Services

11
37.5%

FY, 2021

Engineers And Scientists

200K
33.3%

FY, 2020

Patents Issued

274
1.1%

FY, 2021

LocationsView all

71 locations detected

  • Troy, MI HQ

    United States

    1820 E Big Beaver Rd

  • Austin, TX

    United States

    7800 Shoal Creek Blvd #200N

  • Berkeley, CA

    United States

    2100 Shattuck Ave

  • Bothell, WA

    United States

    3303 Monte Villa Pkwy #320

  • Chelmsford, MA

    United States

    300 Apollo Dr

  • Dallas, TX

    United States

    12700 Park Central Dr Suite 1915

and 65 others

Altair Engineering Financials

Summary financials

Revenue (Q1, 2023)
$166.0M
Gross profit (Q1, 2023)
$133.3M
Net income (Q1, 2023)
($2.0M)
Cash (Q1, 2023)
$378.4M
EBIT (Q1, 2023)
$5.2M
Enterprise value
$5.7B

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