Market Summary
USD61.64-1.77
Market Closed-2.79%
ALTR Stock Price
ALTR RSI Chart
ALTR Valuation
ALTR Price/Sales (Trailing)
ALTR Profitability
ALTR Fundamentals
ALTR Revenue
ALTR Earnings
Price Action
52 Week Range
78.49
(Low)(High)
Last 7 days
-1.5%
Last 30 days
3.4%
Last 90 days
-12.6%
Trailing 12 Months
37.1%
ALTR Financial Health
ALTR Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for ALTR
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-09-18 | JRS Investments LLC | sold | -326,450 | 65.29 | -5,000 | - |
2023-09-18 | James R. Scapa Declaration of Trust | sold | -326,450 | 65.29 | -5,000 | - |
2023-09-18 | JRS Investments LLC | acquired | - | - | 5,000 | - |
2023-09-18 | Scapa James Ralph | sold | -326,450 | 65.29 | -5,000 | chief executive officer |
2023-09-18 | James R. Scapa Declaration of Trust | acquired | - | - | 5,000 | - |
2023-09-18 | Scapa James Ralph | acquired | - | - | 5,000 | chief executive officer |
2023-08-16 | Scapa James Ralph | acquired | - | - | 5,000 | chief executive officer |
2023-08-16 | James R. Scapa Declaration of Trust | sold | -312,325 | 62.465 | -5,000 | - |
Which funds bought or sold ALTR recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-12 | Farther Finance Advisors, LLC | unchanged | - | 15.00 | 303 | -% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -2.12 | 138,867 | 4,852,700 | 0.01% |
2023-08-21 | OSAIC HOLDINGS, INC. | added | 201 | 938,128 | 1,371,060 | -% |
2023-08-16 | CASTLEARK MANAGEMENT LLC | reduced | -0.89 | 167,503 | 4,124,180 | 0.19% |
2023-08-16 | Nuveen Asset Management, LLC | added | 7.08 | 1,836,730 | 16,387,700 | 0.01% |
2023-08-15 | WELLS FARGO & COMPANY/MN | added | 23.11 | 1,507,830 | 6,622,880 | -% |
2023-08-15 | GOLDMAN SACHS GROUP INC | added | 0.53 | 354,883 | 6,545,600 | -% |
2023-08-15 | CAPTRUST FINANCIAL ADVISORS | reduced | -9.4 | -14,970 | 302,602 | -% |
2023-08-15 | HARBOUR INVESTMENTS, INC. | unchanged | - | 79.00 | 1,593 | -% |
2023-08-15 | ALLIANCEBERNSTEIN L.P. | added | 8.58 | 14,363,400 | 115,513,000 | 0.05% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Altair Engineering
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Jun 09, 2023 | vanguard group inc | 10.12% | 5,407,405 | SC 13G/A | |
| Feb 13, 2023 | matrix capital management company, lp | 20.75% | 10,871,000 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 9.93% | 5,205,164 | SC 13G/A | |
| Feb 06, 2023 | christ george j | 17.2% | 10,900,732 | SC 13G/A | |
| Feb 06, 2023 | scapa james ralph | 24.9% | 17,354,192 | SC 13G/A | |
| Jan 31, 2023 | blackrock inc. | 7.7% | 4,056,464 | SC 13G/A | |
| Feb 14, 2022 | matrix capital management company, lp | 16.93% | 8,600,000 | SC 13G/A | |
| Feb 09, 2022 | vanguard group inc | 9.11% | 4,627,749 | SC 13G/A | |
| Feb 08, 2022 | scapa james ralph | 25.5% | 17,343,713 | SC 13G/A | |
| Feb 08, 2022 | christ george j | 17.2% | 10,525,782 | SC 13G/A |
Recent SEC filings of Altair Engineering
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 19, 2023 | 4 | Insider Trading | |
| Sep 19, 2023 | 4 | Insider Trading | |
| Sep 19, 2023 | 4 | Insider Trading | |
| Aug 17, 2023 | 4 | Insider Trading | |
| Aug 17, 2023 | 4 | Insider Trading | |
| Aug 17, 2023 | 4 | Insider Trading | |
| Aug 15, 2023 | UPLOAD | UPLOAD | |
| Aug 10, 2023 | 4 | Insider Trading | |
| Aug 10, 2023 | 4 | Insider Trading | |
| Aug 03, 2023 | 10-Q | Quarterly Report |
Peers (Alternatives to Altair Engineering)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
MSFT | 2.4T | 211.9B | -0.34% | 32.68% | 32.82 | 11.21 | 6.88% | -0.52% |
ORCL | 309.2B | 51.0B | -3.19% | 66.57% | 32.97 | 6.07 | 15.41% | 61.40% |
ADBE | 244.3B | 18.4B | 2.94% | 84.08% | 50.33 | 13.26 | 10.40% | -0.72% |
CRM | 203.4B | 33.1B | 1.91% | 42.21% | 128.89 | 6.15 | 14.81% | 194.40% |
ZM | 20.6B | 4.5B | 2.27% | -10.75% | 145.2 | 4.61 | 3.92% | -85.69% |
AZPN | - | - | 6.28% | -9.18% | - | - | - | - |
| MID-CAP | ||||||||
MANH | 12.5B | 848.2M | 8.36% | 49.82% | 85.66 | 14.74 | 19.21% | 23.01% |
APPN | 3.2B | 506.6M | -3.17% | -3.38% | -20.53 | 6.39 | 20.13% | -27.36% |
GWRE | 7.5B | 905.3M | 14.53% | 50.63% | -48.14 | 8.25 | 11.41% | -3.11% |
| SMALL-CAP | ||||||||
ZUO | 1.2B | 415.3M | -14.61% | 14.34% | -6.22 | 2.8 | 11.66% | -68.02% |
YEXT | 775.3M | 403.2M | -26.56% | 32.06% | -32.36 | 1.92 | 0.77% | 74.48% |
UPLD | 130.6M | 309.9M | 60.32% | -54.23% | -0.71 | 0.42 | -0.26% | -219.50% |
Altair Engineering News
Returns for ALTR
Cumulative Returns on ALTR
9.2%
5-Year Cumulative Returns
14.8%
3-Year Cumulative Returns
Risks for ALTR
What is the probability of a big loss on ALTR?
78.8%
Probability that Altair Engineering stock will be more than 20% underwater in next one year
64.6%
Probability that Altair Engineering stock will be more than 30% underwater in next one year.
28.1%
Probability that Altair Engineering stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does ALTR drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Altair Engineering was unfortunately bought at previous high price.
Drawdowns
Financials for Altair Engineering
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 1.5% | 587 | 578 | 572 | 553 | 555 | 542 | 532 | 525 | 510 | 489 | 470 | 460 | 454 | 463 | 459 | 438 | 424 | 411 | 396 | 383 | 381 |
| Gross Profit | 1.6% | 462 | 454 | 449 | 431 | 429 | 414 | 403 | 395 | 383 | 368 | 349 | 335 | 326 | 328 | 326 | 312 | 303 | 291 | 280 | 271 | 270 |
| Operating Expenses | 3.4% | 493 | 477 | 456 | 438 | 413 | 399 | 390 | 380 | 369 | 351 | 337 | 326 | 325 | 326 | 318 | 312 | 290 | 275 | 256 | 246 | 268 |
| S&GA Expenses | 2.3% | 169 | 165 | 155 | 156 | 148 | 139 | 133 | 125 | 122 | 115 | 111 | 108 | 107 | 108 | 106 | 101 | 94.00 | 88.00 | 80.00 | 79.00 | 82.00 |
| R&D Expenses | 2.4% | 205 | 200 | 186 | 184 | 172 | 160 | 151 | 148 | 143 | 133 | 126 | 122 | 121 | 121 | 118 | 113 | 107 | 102 | 98.00 | 96.00 | 99.00 |
| EBITDA | -100.0% | - | 4.00 | 12.00 | -1.50 | 21.00 | 40.00 | 37.00 | 40.00 | 39.00 | 42.00 | 37.00 | 34.00 | 26.00 | 28.00 | 31.00 | 21.00 | 32.00 | 34.00 | 42.00 | 20.00 | -4.61 |
| EBITDA Margin | -100.0% | - | 0.01* | 0.02* | 0.00* | 0.04* | 0.07* | 0.07* | 0.08* | 0.08* | 0.09* | 0.08* | 0.07* | 0.06* | 0.06* | 0.07* | 0.05* | 0.07* | 0.08* | 0.11* | 0.05* | -0.01* |
| Interest Expenses | 15.6% | 6.00 | 5.00 | 4.00 | 6.00 | 7.00 | 10.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 11.00 | 11.00 | 9.00 | 6.00 | 4.00 | 1.00 | 0.00 | 0.00 | 0.00 | 1.00 |
| Earnings Before Taxes | 41.7% | -22.72 | -39.00 | -28.21 | -37.80 | -14.22 | 3.00 | -0.29 | 1.00 | 1.00 | 6.00 | 2.00 | -0.13 | -7.20 | -3.04 | 3.00 | -1.96 | 14.00 | 17.00 | 27.00 | 26.00 | 2.00 |
| EBT Margin | 100.0% | - | -0.07* | -0.05* | -0.07* | -0.03* | 0.01* | 0.00* | 0.00* | 0.00* | 0.01* | 0.00* | 0.00* | -0.02* | -0.01* | 0.01* | 0.00* | 0.03* | 0.04* | 0.07* | 0.01* | -0.05* |
| Net Income | 20.2% | -45.42 | -56.92 | -43.43 | -56.89 | -31.75 | -11.63 | -8.79 | -5.20 | -5.59 | -2.17 | -10.50 | -14.20 | -21.63 | -14.53 | -7.54 | -15.04 | 2.00 | 4.00 | 16.00 | -35.81 | -66.37 |
| Net Income Margin | 100.0% | - | -0.10* | -0.08* | -0.10* | -0.06* | -0.02* | -0.02* | -0.01* | -0.01* | 0.00* | -0.02* | -0.03* | -0.05* | -0.03* | -0.02* | -0.03* | 0.00* | 0.01* | -0.01* | -0.15* | -0.24* |
| Free Cashflow | -100.0% | - | 84.00 | 30.00 | 25.00 | 19.00 | 24.00 | 54.00 | 52.00 | 45.00 | 34.00 | 27.00 | 23.00 | 27.00 | 27.00 | 22.00 | 16.00 | 21.00 | 25.00 | 30.00 | 33.00 | 19.00 |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 2.4% | 1,256 | 1,226 | 1,205 | 1,125 | 1,129 | 1,134 | 1,163 | 1,014 | 820 | 818 | 830 | 780 | 737 | 735 | 743 | 717 | 730 | 519 | 487 | 428 | 438 |
| Current Assets | 7.0% | 587 | 549 | 527 | 466 | 554 | 556 | 588 | 580 | 383 | 379 | 387 | 360 | 352 | 357 | 352 | 361 | 364 | 156 | 154 | 290 | 295 |
| Cash Equivalents | 10.6% | 418 | 378 | 316 | 312 | 416 | 406 | 414 | 456 | 260 | 244 | 242 | 246 | 251 | 247 | 223 | 247 | 252 | 40.00 | 36.00 | 198 | 200 |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.00 | 2.00 | 1.00 | 2.00 |
| Net PPE | 2.2% | 39.00 | 38.00 | 38.00 | 39.00 | 39.00 | 40.00 | 40.00 | 39.00 | 40.00 | 39.00 | 36.00 | 34.00 | 34.00 | 35.00 | 36.00 | 34.00 | 34.00 | 34.00 | 30.00 | 30.00 | 30.00 |
| Goodwill | 0.4% | 453 | 451 | 449 | 77.00 | 15.00 | 379 | 370 | 269 | 263 | 262 | 264 | 18.00 | 233 | 230 | 234 | 211 | 212 | 211 | 211 | 63.00 | 63.00 |
| Liabilities | 2.6% | 636 | 619 | 635 | 589 | 570 | 514 | 549 | 411 | 420 | 418 | 451 | 419 | 381 | 376 | 386 | 371 | 368 | 215 | 191 | 216 | 234 |
| Current Liabilities | 6.3% | 319 | 300 | 233 | 198 | 187 | 431 | 474 | 348 | 356 | 359 | 201 | 149 | 146 | 151 | 153 | 143 | 141 | 143 | 127 | 193 | 210 |
| Long Term Debt | - | - | - | - | - | - | - | - | - | - | - | 189 | 216 | 183 | 181 | 178 | 176 | 173 | 16.00 | 31.00 | 1.00 | 1.00 |
| Shareholder's Equity | 2.2% | 620 | 607 | 570 | 536 | 558 | 618 | 613 | 602 | 399 | 399 | 379 | 359 | 355 | 356 | 355 | 343 | 360 | 309 | 294 | 295 | 295 |
| Retained Earnings | -18.0% | -145 | -123 | -121 | -133 | -100 | -66.62 | -102 | -100 | -92.58 | -78.93 | -93.29 | -95.49 | -86.99 | -76.76 | -82.40 | -80.90 | -64.96 | -68.99 | -74.86 | -153 | -161 |
| Additional Paid-In Capital | 4.9% | 790 | 753 | 721 | 716 | 687 | 698 | 724 | 711 | 496 | 485 | 475 | 465 | 456 | 450 | 447 | 436 | 434 | 381 | 380 | 370 | 370 |
| Shares Outstanding | -0.3% | 80.00 | 80.00 | - | 79.00 | 79.00 | 79.00 | 76.00 | 76.00 | 75.00 | 75.00 | 73.00 | 73.00 | 73.00 | 73.00 | 72.00 | 71.00 | 71.00 | 71.00 | - | 70.00 | 66.00 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 19.1% | 111 | 93.00 | 40.00 | 33.00 | 25.00 | 31.00 | 62.00 | 61.00 | 54.00 | 41.00 | 33.00 | 29.00 | 33.00 | 34.00 | 31.00 | 26.00 | 31.00 | 35.00 | 36.00 | 39.00 | 27.00 |
| Share Based Compensation | 2.9% | 91.00 | 88.00 | 85.00 | 76.00 | 64.00 | 54.00 | 45.00 | 39.00 | 34.00 | 28.00 | 21.00 | 17.00 | 13.00 | 10.00 | 9.00 | 8.00 | 6.00 | 4.00 | 3.00 | 9.00 | 34.00 |
| Cashflow From Investing | 14.6% | -121 | -142 | -154 | -200 | -98.14 | -74.53 | -62.48 | -25.44 | -49.78 | -50.53 | -49.09 | -63.12 | -33.23 | -32.93 | -35.84 | -198 | -201 | -207 | -206 | -20.18 | -26.79 |
| Cashflow From Financing | -53.5% | 12.00 | 26.00 | 23.00 | 37.00 | 237 | 208 | 176 | 174 | 2.00 | 1.00 | 31.00 | 31.00 | 0.00 | 208 | 192 | 223 | 223 | 152 | 168 | 163 | 182 |
| Buy Backs | -100.0% | - | 24.00 | 20.00 | 6.00 | 6.00 | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.00 | 0.00 | 1.00 |
ALTR Income Statement
2023-06-30Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Total revenue | $ 141,161 | $ 132,656 | $ 307,195 | $ 292,437 |
| Total cost of revenue | 30,797 | 29,523 | 63,532 | 61,126 |
| Gross profit | 110,364 | 103,133 | 243,663 | 231,311 |
| Operating expenses: | ||||
| Research and development | 55,277 | 50,437 | 108,528 | 97,516 |
| Sales and marketing | 44,982 | 41,153 | 88,474 | 78,993 |
| General and administrative | 18,622 | 18,370 | 36,573 | 35,796 |
| Amortization of intangible assets | 7,625 | 6,208 | 15,439 | 12,111 |
| Other operating expense (income), net | 127 | (5,767) | 5,732 | (6,548) |
| Total operating expenses | 126,633 | 110,401 | 254,746 | 217,868 |
| Operating (loss) income | (16,269) | (7,268) | (11,083) | 13,443 |
| Interest expense | 1,528 | 700 | 3,054 | 1,285 |
| Other (income) expense, net | (4,195) | 21,907 | (7,808) | 23,975 |
| Loss before income taxes | (13,602) | (29,875) | (6,329) | (11,817) |
| Income tax expense | 8,678 | 3,899 | 17,910 | 10,429 |
| Net loss | $ (22,280) | $ (33,774) | $ (24,239) | $ (22,246) |
| (Loss) income per share: | ||||
| Net loss per share attributable to common stockholders, basic | $ (0.28) | $ (0.43) | $ (0.3) | $ (0.28) |
| Net loss per share attributable to common stockholders, diluted | $ (0.28) | $ (0.43) | $ (0.3) | $ (0.28) |
| Weighted average shares outstanding: | ||||
| Weighted average number of shares used in computing net loss per share, basic | 79,986 | 78,948 | 80,088 | 79,204 |
| Weighted average number of shares used in computing net loss per share, diluted | 79,986 | 78,948 | 80,088 | 79,204 |
| Total Software and Related Services [Member] | ||||
| Total revenue | $ 131,985 | $ 124,269 | $ 288,728 | $ 274,227 |
| Total cost of revenue | 22,928 | 22,468 | 47,794 | 45,909 |
| License [Member] | ||||
| Total revenue | 87,738 | 82,688 | 200,147 | 188,857 |
| Total cost of revenue | 3,981 | 4,120 | 8,805 | 8,807 |
| Maintenance and Other Services [Member] | ||||
| Total revenue | 37,583 | 34,205 | 74,817 | 68,933 |
| Total cost of revenue | 13,639 | 12,884 | 28,065 | 25,603 |
| Total Software [Member] | ||||
| Total revenue | 125,321 | 116,893 | 274,964 | 257,790 |
| Total cost of revenue | 17,620 | 17,004 | 36,870 | 34,410 |
| Software Related Services [Member] | ||||
| Total revenue | 6,664 | 7,376 | 13,764 | 16,437 |
| Total cost of revenue | 5,308 | 5,464 | 10,924 | 11,499 |
| Client Engineering Services [Member] | ||||
| Total revenue | 8,034 | 7,047 | 15,810 | 15,059 |
| Total cost of revenue | 6,767 | 5,914 | 13,391 | 12,555 |
| Other [Member] | ||||
| Total revenue | 1,142 | 1,340 | 2,657 | 3,151 |
| Total cost of revenue | $ 1,102 | $ 1,141 | $ 2,347 | $ 2,662 |
ALTR Balance Sheet
2023-06-30Consolidated Balance Sheets - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| CURRENT ASSETS: | ||
| Cash and cash equivalents | $ 418,338 | $ 316,146 |
| Accounts receivable, net | 124,260 | 170,279 |
| Income tax receivable | 14,505 | 11,259 |
| Prepaid expenses and other current assets | 29,678 | 29,142 |
| Total current assets | 586,781 | 526,826 |
| Property and equipment, net | 39,107 | 37,517 |
| Operating lease right of use assets | 30,284 | 33,601 |
| Goodwill | 453,093 | 449,048 |
| Other intangible assets, net | 94,642 | 107,609 |
| Deferred tax assets | 8,183 | 9,727 |
| Other long-term assets | 43,717 | 40,410 |
| TOTAL ASSETS | 1,255,807 | 1,204,738 |
| CURRENT LIABILITIES: | ||
| Accounts payable | 4,682 | 10,434 |
| Accrued compensation and benefits | 35,951 | 42,456 |
| Current portion of operating lease liabilities | 9,557 | 10,396 |
| Other accrued expenses and current liabilities | 66,044 | 56,371 |
| Deferred revenue | 121,853 | 113,081 |
| Current portion of convertible senior notes, net | 81,161 | 0 |
| Total current liabilities | 319,248 | 232,738 |
| Convertible senior notes, net | 225,320 | 305,604 |
| Operating lease liabilities, net of current portion | 21,337 | 24,065 |
| Deferred revenue, non-current | 26,694 | 31,379 |
| Other long-term liabilities | 42,993 | 41,216 |
| TOTAL LIABILITIES | 635,592 | 635,002 |
| Commitments and contingencies | ||
| STOCKHOLDERS’ EQUITY: | ||
| Preferred stock ($0.0001 par value), authorized 45,000 shares, none issued and outstanding | 0 | 0 |
| Additional paid-in capital | 790,184 | 721,307 |
| Accumulated deficit | (145,816) | (121,577) |
| Accumulated other comprehensive loss | (24,161) | (30,002) |
| TOTAL STOCKHOLDERS’ EQUITY | 620,215 | 569,736 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | 1,255,807 | 1,204,738 |
| Class A Common Stock [Member] | ||
| STOCKHOLDERS’ EQUITY: | ||
| Common stock | 5 | 5 |
| Class B Common Stock [Member] | ||
| STOCKHOLDERS’ EQUITY: | ||
| Common stock | $ 3 | $ 3 |
Altair Engineering Inc., together with its subsidiaries, provides software and cloud solutions in the areas of simulation, high-performance computing, data analytics, and artificial intelligence worldwide. The company operates in two segments, Software and Client Engineering Services. The Software segment includes solvers and optimization technology products, high-performance computing software applications and hardware products, modeling and visualization tools, data analytics and analysis products, and Internet of Things platform and analytics tools, as well as support and the complementary software products. This segment also offers software technologies in the areas of computational fluid dynamics and fatigue, manufacturing process simulation, and cost estimation for the applications in marine, motorcycle, aerospace, chemical, and architecture industries; and software-related services, such as consulting, implementation, and training services that focuses on the product design and development expertise and analysis from the component level up to complete product engineering at various stage of the lifecycle. The Client Engineering Services segment provides client engineering services. In addition, the company is involved in the development and sale of solid state lighting technology along with communication and control protocols based on its intellectual property for the direct replacement of fluorescent light tubes with LED lamps. Its integrated suite of software optimizes design performance across various disciplines, including structures, motion, fluids, thermal management, electromagnetics, system modeling, and embedded systems. The company's customers include universities, government agencies, manufacturers, pharmaceutical firms, banking, financial services, and insurance, weather prediction agencies, and electronics design companies. Altair Engineering Inc. was incorporated in 1985 and is headquartered in Troy, Michigan.