Altair Engineering Inc. Provides Earnings Guidance for the Second Quarter Ending June 30, 2024 and Full Year Ending December 31, 2024
May 02, 2024 at 09:05 pm
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Altair Engineering Inc. provided earnings guidance for the second quarter ending June 30, 2024 and full year ending December 31, 2024. For the quarter, Company expects Total Revenue of $145 million to $148 million. Net Loss of $12.3 million to $9.4 million.
For the full year, Company expects Total Revenue of $652 million to $662 million. Net Income of $23.2 million to $30.9 million.
Altair Engineering Inc. is a computational science and artificial intelligence company. The Company provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics and artificial intelligence (AI). The Company operates through two segments: Software and Client Engineering Services. The Software segment includes software, software services, and software-related services. The software component of this segment includes its portfolio of software products, including its solvers and optimization technology products, HPC software applications and hardware products, modeling and visualization tools, data analytics and analysis products. The Client Engineering Services segment provides client engineering services to support its customers with long-term, ongoing expertise. The Companyâs solution FlightStream, provides computational fluid dynamics (CFD) software with a footprint in the aerospace and defense sector.
ALTAIR ENGINEERING INC. 
