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Altair Wins 2024 Google Cloud North America Partner of the Year Award for Diversity, Equity, and Inclusion

Retrieved on:

Tuesday, April 9, 2024

Cloud, DEI, Google Cloud, Wit, Woman, Environment, Bias, Diversity, Female, ALTR

TROY, Mich., April 9, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, announced that it has received the 2024 Google Cloud North America Partner of the Year Award for Diversity, Equity, and Inclusion (DEI). Altair is being recognized for its achievements in the Google Cloud ecosystem in its DEI initiatives, specifically for demonstrating a commitment to fostering diversity and inclusion, for addressing challenges related to attracting and retaining female and minority employees, and for continuously working to mitigate social and organizational biases.

Key Points:

TROY, Mich., April 9, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, announced that it has received the 2024 Google Cloud North America Partner of the Year Award for Diversity, Equity, and Inclusion (DEI).
"Google Cloud's Partner Awards celebrate the transformative impact and value that partners have delivered for customers, through inclusion initiatives," said Kevin Ichhpurani, corporate vice president, Global Ecosystem and Channels at Google Cloud.
"We're proud to announce Altair as a 2024 Google Cloud Partner Award winner and recognize their achievements as diversity enriches our teams and communities."
"Garnering this award further demonstrates that Altair is a global leader, an organization where people always come first.

Altair Wins 2024 Google Cloud North America Partner of the Year Award for Diversity, Equity, and Inclusion

Retrieved on:

Tuesday, April 9, 2024

Cloud, DEI, Google Cloud, Wit, Woman, Environment, Bias, Diversity, Female, ALTR

TROY, Mich., April 9, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, announced that it has received the 2024 Google Cloud North America Partner of the Year Award for Diversity, Equity, and Inclusion (DEI). Altair is being recognized for its achievements in the Google Cloud ecosystem in its DEI initiatives, specifically for demonstrating a commitment to fostering diversity and inclusion, for addressing challenges related to attracting and retaining female and minority employees, and for continuously working to mitigate social and organizational biases.

Key Points:

TROY, Mich., April 9, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, announced that it has received the 2024 Google Cloud North America Partner of the Year Award for Diversity, Equity, and Inclusion (DEI).
"Google Cloud's Partner Awards celebrate the transformative impact and value that partners have delivered for customers, through inclusion initiatives," said Kevin Ichhpurani, corporate vice president, Global Ecosystem and Channels at Google Cloud.
"We're proud to announce Altair as a 2024 Google Cloud Partner Award winner and recognize their achievements as diversity enriches our teams and communities."
"Garnering this award further demonstrates that Altair is a global leader, an organization where people always come first.

Altair SimSolid Transforms Simulation for Electronics Industry

Retrieved on:

Wednesday, March 20, 2024

ICS, Workflow, Electronics, Polychlorinated biphenyl, Miniaturization, PCB, AI, ECAD, ALTR

TROY, Mich., March 20, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, announced the upcoming release of Altair SimSolid for electronics, bringing game-changing fast, easy, and precise multi-physics scenario exploration for electronics, from chips, PCBs, and ICs to full system design.

Key Points:

"As the electronics industry pushes the boundaries of complexity and miniaturization, engineers have struggled with simulations that often compromise on detail for expediency.
Altair SimSolid will empower engineers to capture the intricate complexities of PCBs and ICs without simplification," said James R. Scapa, founder and chief executive officer, Altair.
Altair SimSolid eliminates these approximations to run more accurate simulations for complex problems with vast dimensional disparities."
As Altair SimSolid advances towards the inclusion of full-wave electromagnetics, it showcases Altair's vision of a comprehensive, multi-disciplinary simulation environment.

Altair SimSolid Transforms Simulation for Electronics Industry

Retrieved on:

Wednesday, March 20, 2024

ICS, ALTR, Workflow, Electronics, Polychlorinated biphenyl, Miniaturization, PCB, AI, ECAD

TROY, Mich., March 20, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, announced the upcoming release of Altair SimSolid for electronics, bringing game-changing fast, easy, and precise multi-physics scenario exploration for electronics, from chips, PCBs, and ICs to full system design.

Key Points:

TROY, Mich., March 20, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, announced the upcoming release of Altair SimSolid for electronics, bringing game-changing fast, easy, and precise multi-physics scenario exploration for electronics, from chips, PCBs, and ICs to full system design.
"As the electronics industry pushes the boundaries of complexity and miniaturization, engineers have struggled with simulations that often compromise on detail for expediency.
Altair SimSolid will empower engineers to capture the intricate complexities of PCBs and ICs without simplification," said James R. Scapa, founder and chief executive officer, Altair.
Altair SimSolid eliminates these approximations to run more accurate simulations for complex problems with vast dimensional disparities."

Altair Announces Fourth Quarter and Full Year 2023 Financial Results

Retrieved on:

Thursday, February 22, 2024

Engineering, Total, ALTR, Adjustment, Investment, Cryptocurrency

TROY, Mich., Feb. 22, 2024 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, today released its financial results for the fourth quarter and full year ended December 31, 2023.

Key Points:

TROY, Mich., Feb. 22, 2024 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, today released its financial results for the fourth quarter and full year ended December 31, 2023.
"Altair finished 2023 with a strong fourth quarter, notching record-high revenue and profit for the quarter and full-year," said James R. Scapa, founder, chairman and chief executive officer of Altair.
Net income margin was 11.5% compared to net income margin of 7.5% for the fourth quarter of 2022
Non-GAAP net income was $41.1 million, compared to non-GAAP net income of $27.5 million for the fourth quarter of 2022, an increase of 49.2%.
Adjusted EBITDA margin was 31.2% compared to 24.1% for the fourth quarter of 2022
Cash provided by operating activities was $21.7 million, compared to $13.0 million for the fourth quarter of 2022
Free cash flow was $19.3 million, compared to $10.1 million for the fourth quarter of 2022.

Altair Expands Defense and Healthcare and Life Sciences Segment Leadership

Retrieved on:

Thursday, February 22, 2024

TROY, Mich., Feb. 22, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, announced that Chip Colbert and Caroline Phares have joined Altair in leadership roles for two priority industry segments. Phares has been named vice president for healthcare and life sciences (HLS) and Colbert has been named senior director for Federal and Department of Defense (DoD), part of Altair's aerospace and defense vertical. Both individuals bring decades of valuable experience that will further propel Altair's industry efforts.

Key Points:

TROY, Mich., Feb. 22, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, announced that Chip Colbert and Caroline Phares have joined Altair in leadership roles for two priority industry segments.
Phares has been named vice president for healthcare and life sciences (HLS) and Colbert has been named senior director for Federal and Department of Defense (DoD), part of Altair's aerospace and defense vertical.
Prior to joining Altair, she served as the global head of health and life sciences at Domino Data Lab.
For more information on Altair's focus on aerospace and healthcare and life sciences, visit https://altair.com/aerospace and https://altair.com/healthcare .

Altair Expands Defense and Healthcare and Life Sciences Segment Leadership

Retrieved on:

Thursday, February 22, 2024

TROY, Mich., Feb. 22, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, announced that Chip Colbert and Caroline Phares have joined Altair in leadership roles for two priority industry segments. Phares has been named vice president for healthcare and life sciences (HLS) and Colbert has been named senior director for Federal and Department of Defense (DoD), part of Altair's aerospace and defense vertical. Both individuals bring decades of valuable experience that will further propel Altair's industry efforts.

Key Points:

TROY, Mich., Feb. 22, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, announced that Chip Colbert and Caroline Phares have joined Altair in leadership roles for two priority industry segments.
Phares has been named vice president for healthcare and life sciences (HLS) and Colbert has been named senior director for Federal and Department of Defense (DoD), part of Altair's aerospace and defense vertical.
Prior to joining Altair, she served as the global head of health and life sciences at Domino Data Lab.
For more information on Altair's focus on aerospace and healthcare and life sciences, visit https://altair.com/aerospace and https://altair.com/healthcare .

2024 Altair Enlighten Award Open for Entries

Retrieved on:

Tuesday, February 20, 2024

TROY, Mich., Feb. 20, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, announced that the 2024 Altair Enlighten Award is now open for submissions. Presented annually in conjunction with the Center for Automotive Research (CAR), the award honors the greatest sustainability and lightweighting advancements that reduce carbon footprint, mitigate water and energy consumption, and leverage material reuse and recycling efforts.

Key Points:

Award spotlights the automotive industry's finest innovations in sustainable, lightweight design
TROY, Mich., Feb. 20, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, announced that the 2024 Altair Enlighten Award is now open for submissions.
The Altair Enlighten Award, honoring the greatest sustainability & lightweighting advancements, is open for submissions.
An award that garners interest from industry, engineering, policymakers, educators, students, and the public alike, the Altair Enlighten Award showcases the latest and greatest technology innovations dedicated to sustainability.
Media partners for the 2024 Altair Enlighten Award include SAE, Automotive Engineering, Tech Briefs, and Automobil Industrie.

2024 Altair Enlighten Award Open for Entries

Retrieved on:

Tuesday, February 20, 2024

TROY, Mich., Feb. 20, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, announced that the 2024 Altair Enlighten Award is now open for submissions. Presented annually in conjunction with the Center for Automotive Research (CAR), the award honors the greatest sustainability and lightweighting advancements that reduce carbon footprint, mitigate water and energy consumption, and leverage material reuse and recycling efforts.

Key Points:

Award spotlights the automotive industry's finest innovations in sustainable, lightweight design
TROY, Mich., Feb. 20, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, announced that the 2024 Altair Enlighten Award is now open for submissions.
"As we continue to see the urgent need for greener, more sustainable global transportation technology, the Enlighten Award is the premier award that showcases the future of the automotive industry's sustainability efforts."
An award that garners interest from industry, engineering, policymakers, educators, students, and the public alike, the Altair Enlighten Award showcases the latest and greatest technology innovations dedicated to sustainability.
Media partners for the 2024 Altair Enlighten Award include SAE, Automotive Engineering, Tech Briefs, and Automobil Industrie.

Altair Announces Date of Fourth Quarter and Full Year 2023 Financial Results Conference Call

Retrieved on:

Thursday, February 8, 2024

Artificial intelligence, ALTR, Webcast

TROY, Mich., Feb. 08, 2024 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence, will release its financial results for the fourth quarter and fiscal year ended December 31, 2023, after the market close on Thursday, February 22, 2024.

Key Points:

TROY, Mich., Feb. 08, 2024 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence, will release its financial results for the fourth quarter and fiscal year ended December 31, 2023, after the market close on Thursday, February 22, 2024.
On that day, management will hold a conference call and webcast at 5 p.m.
ET to review and discuss the Company’s fourth quarter and full year 2023 results and 2024 outlook.
A recorded version of this webcast will be available after the call and accessible at http://investor.altair.com .