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.

Employee Rating

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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 Troy, Huntsville, Midland, Hampton 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 (Q3, 2018)

71.3m

Gross profit (Q3, 2018)

61.5m

Gross profit margin (Q3, 2018), %

86.2%

Net income (Q3, 2018)

7.3m

EBIT (Q3, 2018)

9.0m

Market capitalization (17-Jan-2019)

2.2b

Closing stock price (17-Jan-2019)

31.1

Cash (30-Sep-2018)

197.4m

EV

2.0b
Altair Engineering's current market capitalization is $2.2 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
USDQ3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

84.9m91.7m187.3m71.3m

Cost of goods sold

26.3m29.0m58.5m9.8m

Gross profit

58.6m62.7m128.8m61.5m

Gross profit Margin, %

69%68%69%86%
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
USDQ3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

16.7m63.2m199.2m197.4m

Accounts Receivable

63.5m83.4m73.8m69.0m

Inventories

1.1m1.8m1.2m

Current Assets

99.4m167.6m295.4m289.7m
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
USDQ3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

(39.1m)3.9m5.4m12.7m

Depreciation and Amortization

7.9m3.5m7.5m10.9m

Accounts Payable

(1.6m)510.0k335.0k796.0k

Cash From Operating Activities

17.5m26.7m37.3m40.4m
USDY, 2018

EV/EBIT

222 x

EV/CFO

49.3 x

EV/FCF

56.7 x

Financial Leverage

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

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
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Altair Engineering Blogs

Are You Ready to Digitalize for IoT?

As the Internet of Things (IoT) matures, organizations across many sectors are facing the challenge of scaling up from small, trial deployments and proofs of concept to mainstream, high-volume consumer deployments. They’re hampered by a lack of standardization, which makes ... Read More The post Are…

2018: Reflections of an Energetic Year Driving Product Innovation

From the onset, 2018 promised to be a busy year which, on reflection did not disappoint. In its unique position of delivering highly complex software solutions to a broad range of verticals and business segments, the drive for product innovation was ... Read More The post 2018: Reflections of an Ene…

ATCx Prague Brings Simulation-Driven Innovation to the Czech CAE Community

This post was written by Dr. Ing. Kamila Flídr, Altair Sr. Technical Consultant.  Considered by many as the heart of Europe, Prague has been given many wonderful distinctions such as “City of a Hundred Spires”, “Golden City”, “Mother of Cities” or ... Read More The post ATCx Prague Brings Simulation…

Altair Inspire Finite Element Analysis of a Christmas Tree Stand

Every year on the Friday following Thanksgiving, The Brennan family ventures out to a tree farm and gets the biggest pine tree we can find to fill our family living room. Our trees usually range from 14-17 feet tall and ... Read More The post Altair Inspire Finite Element Analysis of a Christmas Tre…

Saving Soldiers’ Lives with Mobility Mapping When Off-road Begins

This guest contribution on the Altair Blog is written by Nicholas Gaul, Senior Application Engineer at RAMDO Solutions, a part of the Altair Partner Alliance. The Department of Defense needs reliable mobility maps for efficient mission planning of troop movement. ... Read More The post Saving Soldie…

Thought Leader Thursday: Data, Data Everywhere, Not a Byte to Use

Using Machine Learning (ML) for Computer-Aided Engineering (CAE) is an entirely different beast than using ML for other industries where we are used to seeing it the most, such as retail, recommendation engines, spam filtering, etc. Unlike these industries, CAE ... Read More The post Thought Leader …
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Altair Engineering Company Life and Culture

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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 Tom Perring, Uwe Schramm and Brett Chouinard.

  • How many employees does Altair Engineering have?

    Altair Engineering has 2,400 employees.

  • What is Altair Engineering revenue?

    Latest Altair Engineering annual revenue is $333.3 m.

  • What is Altair Engineering revenue per employee?

    Latest Altair Engineering revenue per employee is $138.9 k.

  • Who are Altair Engineering competitors?

    Competitors of Altair Engineering include ESRD, Impinj and ParStream.

  • 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, Huntsville, Midland, Hampton and in 60 other locations.

  • How many offices does Altair Engineering have?

    Altair Engineering has 64 offices.