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.
TypePublic
HQTroy, US
Founded1985
Size (employees)2,400 (est)
Websitealtair.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 offices in Melbourne, Nagoya-shi, Osaka, Wolpyeong-dong and in 60 other locations
Troy, US (HQ)
1820 E Big Beaver Rd
Austin, US
200N 7800 Shoal Creek Blvd
Bothell, US
320 3303 Monte Villa Pkwy
Burlington, US
208 70 Blanchard Rd
Glendale, US
101 5150 N Port Washington Rd
Hampton, US
310 100 Exploration Way
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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 (Q2, 2018)

187.3m

Gross profit (Q2, 2018)

128.8m

Gross profit margin (Q2, 2018), %

68.8%

Net income (Q2, 2018)

5.4m

EBIT (Q2, 2018)

6.4m

Market capitalization (15-Oct-2018)

2.4b

Closing stock price (15-Oct-2018)

34.1

Cash (30-Jun-2018)

199.2m

EV

2.2b
Altair Engineering's current market capitalization is $2.4 b.
Annual
USDFY, 2015FY, 2016FY, 2017

Revenue

294.1m313.2m333.3m

Revenue growth, %

6%6%

Cost of goods sold

99.2m102.6m106.6m

Gross profit

194.9m210.6m226.7m
Quarterly
USDQ2, 2018

Revenue

187.3m

Cost of goods sold

58.5m

Gross profit

128.8m

Gross profit Margin, %

69%
Annual
USDFY, 2015FY, 2016FY, 2017

Cash

13.8m16.9m39.2m

Accounts Receivable

66.8m70.5m86.6m

Prepaid Expenses

7.1m7.4m10.0m

Inventories

2.1m1.2m2.0m
Quarterly
USDQ2, 2018

Cash

199.2m

Accounts Receivable

73.8m

Inventories

1.8m

Current Assets

295.4m
Annual
USDFY, 2015FY, 2016FY, 2017

Net Income

10.9m10.2m(99.4m)

Depreciation and Amortization

8.4m10.0m11.7m

Accounts Payable

558.0k(1.3m)(1.1m)

Cash From Operating Activities

10.8m21.4m16.1m
Quarterly
USDQ2, 2018

Net Income

5.4m

Depreciation and Amortization

7.5m

Accounts Payable

335.0k

Cash From Operating Activities

37.3m
USDY, 2018

EV/EBIT

339.3 x

EV/CFO

58.6 x

EV/FCF

64 x

Financial Leverage

2.2 x
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Altair Engineering Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Runtime Design AutomationSeptember 28, 2017
Altair Engineering Finland OySeptember 14, 2017
CarriotsMay 30, 2017
MODELiiSMay 24, 2017
Solid Iris TechnologiesSeptember 14, 2016
CEDRAT SAMay 10, 2016
AWE CommunicationsApril 11, 2016
EMSSDecember 10, 2013
ACUSIM SoftwareJanuary 10, 2011
SimLabOctober 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

Altair Engineering revenue breakdown by geographic segment: 15.1% from Other Countries (Asia Pacific), 11.5% from Japan, 6.2% from France, 14.9% from Germany, 48.7% from United States and 3.6% from Other

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Altair Engineering Online and Social Media Presence

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Altair Engineering News and Updates

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Altair Engineering Blogs

Identification of the Causes of Noise and Vibration in Piping Systems

This guest contribution on Innovation Intelligence is written by Katja Juschka, Marketing and Sales Manager at FLUIDON, developers of DSHplus. FLUIDON is a member of the Altair Partner Alliance. Most motorists are all too familiar with this undesirable phenomena: while parking the vehicle engine sta…

Altair’s 2018 Global Technology Conference Commences in Paris

The first day of Altair’s Global Technology Conference (ATC) 2018 just finished and what a day it was! With more that 870 registrations and over 600 people already joining today’s industry seminars and welcome reception, this conference sets out to break all records. The first ... Read More The post…

Simulation-Driven Design and Manufacturing

“Any customer can have a car painted any color that he wants so long as it is black.”  – Henry Ford (July 30, 1863 – April 7, 1947)  Today, when I see a white car on the road, I can hardly tell what the exact color ... Read More The post Simulation-Driven Design and Manufacturing appeared first on T…

Multiphysics Analysis of an Aircraft Radome

A variety of critical performance metrics can be predicted via simulation, including boresight error, transmission loss, bird-strike damage, and deflection under aerodynamic load. When it comes to aircraft design, engineers must meet standard requirements and consider every scenario. Would the ... R…

Accelerate your Development time with Open and Accessible Model-Based Development at the 2018 Global ATC

As evidenced by the agenda for this year’s Global ATC in Paris, France, more and more engineers are interested in Altair’s Model-Based Development technology, and many HyperWorks clients are already deriving value from it. On Day 1, over 80 participants ... Read More The post Accelerate your Develop…

The Role of Simulation in Building the e-Mobility Revolution

Electrified, connected, autonomous, and shared are four mobility megatrends having game-changing effects on the automotive and transportations markets. These interconnected trends are converging and will drive more changes in the coming years – than what has happened in these markets ... Read More T…
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Altair Engineering Company Life and Culture

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