(ALTR) Altair Engineering - Ratings and Ratios

Altair Engineering Inc. is a leading provider of software and cloud solutions that cater to a wide range of industries, including automotive, aerospace, and architecture, among others. The company's software portfolio encompasses simulation and design, high-performance computing, data analytics, and artificial intelligence, enabling clients to optimize design performance across various disciplines such as structures, motion, and thermal management. With a strong presence in the United States and international markets, Altair Engineering Inc. operates through two primary segments: Software and Client Engineering Services.

The Software segment is a key driver of the company's growth, offering a broad range of products and services that include solvers and optimization technology, high-performance computing software, and data analytics tools. Additionally, this segment provides software technologies that cater to specific industries, such as computational fluid dynamics and fatigue analysis for the automotive and aerospace sectors. The company's software solutions are designed to support clients throughout the product development lifecycle, from concept design to final product engineering. Furthermore, the Software segment offers complementary services, including consulting, implementation, and training, which enable clients to fully leverage the capabilities of Altair's software products.

Altair Engineering Inc.'s Client Engineering Services segment provides customized engineering services to clients, leveraging the company's expertise in product design and development. This segment works closely with clients to provide tailored solutions that address their specific engineering needs, from component-level design to complete product engineering. The company's client base is diverse, encompassing universities, government agencies, manufacturers, and firms in the pharmaceutical, banking, and financial services sectors. By providing a comprehensive suite of software and engineering services, Altair Engineering Inc. enables its clients to optimize their design and development processes, leading to improved product performance, reduced costs, and increased efficiency.

With a history dating back to 1985, Altair Engineering Inc. has established itself as a pioneer in the field of simulation and design software. The company's commitment to innovation and customer satisfaction has driven its growth and expansion into new markets. Today, Altair Engineering Inc. is headquartered in Troy, Michigan, and its software solutions are used by a wide range of organizations worldwide. The company's solid state lighting technology and communication and control protocols have also gained recognition, providing a direct replacement for fluorescent tubes with LED lighting. As a publicly traded company, Altair Engineering Inc. is listed on the NASDAQ stock exchange under the ticker symbol ALTR, and its common stock is classified under the GICS Sub Industry of Application Software.