Altair Engineering Revenue, Growth & Competitor Profile

Company Profile & Annual Report for Altair Engineering

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Altair Engineering Fast Facts

Revenue	$100 - $500 million    See Exact Annual Revenue
Employees	Over 1,000Exact Company Size
Primary Industry	5112 Software Publishers
Address	1820 E. Big Beaver Road Troy, MI 48083

Note: Revenues for privately held companies are statistical evaluations.


Altair Engineering's Annual Report & Profile shows critical firmographic facts:

• What is the company's size? (Annual sales and employees)
  • Altair Engineering's annual revenues are $100 - $500 million (see exact revenue data)
• What industry is the company in?
  • Altair Engineering is classified as operating in the Software Publishers industry, NAICS Code 5112.

Altair Engineering Annual Revenue and Growth Rate

Altair Engineering	Revenue Est. ($ Million)	Growth Rate (%)	# Employees
2023	$100 - $500 million Details in Premium Report
2022
2021
2020
2019

1-Year Growth Rate: 3-Year Growth Rate (CAGR):

Note: Altair Engineering's revenues are gauged from an analysis of company filings.

Altair Engineering's Income Statement (based on Industry Averages)

Altair Engineering P&L	$ Millions
Revenue (Sales)
Cost of Goods Sold
Gross Profit
Operating Expenses
Advertising
Salaries and wages
Other Operating Expenses
Total Operating Expenses
Operating Income
EBITDA
EBIT (Earnings Before Interest and Taxes)
Net Profit

Investor Activity

Altair Engineering has actively raised capital from investors. These investors may include private investors, venture capital firms, or other investment vehicles.

Date	Investors	Percent Raised	Target Size
October 5, 2017	65	100%	$5 MM
Complete list of funding rounds and total amounts in the Company Report

Trademark Applications

Trademark applications show the products and services that Altair Engineering is developing and marketing. Altair Engineering's new tradmarks suggest it is investing in R&D and marketing, while expanding into new products or markets. Trademarks may include brand names, product names, logos and slogans.

Trademark	Date
TWIN ACTIVATE Downloadable computer software for multi-discipline system modeling, simulation, and optimization	07/27/2023
EEVISION Downloadable computer software in the nature of a visualiization platform for rendering and analyzing electrical schematics from CAD and other data	07/10/2023
DATA SCIENCE + ROCKET SCIENCE Downloadable computer software in the fields of computer-aided design, computer simulation, high-performance computing, cloud computing, and data analytics; downloadable computer software in the nature of a gateway for accessing other software and accessing cloud-based functionality; downloadable computer software platforms for development and deployment of data analytics and artificial intelligence	06/28/2023

See all trademarks and details in the Full Report.

Latest News Releases

Date	Event
Jun 26, 2017	3-D Printing: Additive Works Joins the Altair Partner Alliance
Jun 21, 2017	Announcing the Converge 2017 Series: Pushing the Boundaries of Design & Technology
Jun 20, 2017	Altair has a Bold Vision for IoT Leadership in PLM: Acquires Highly Rated Carriots IoT Platform
Jun 12, 2017	Utilities Data Analytics: Altair and Daffron Team for Strong Offering
Jun 01, 2017	FluxMotor Released: New Software Tool Delivers Fast and Accurate e-machine Performance
May 24, 2017	Electronic Design Automation (EDA) Technology: Altair Acquires MODELiiS
May 17, 2017	Artemis Racing and Altair Team Up to Design the Difference™ in Foiling Technology for 35th America’s Cup Bid
May 11, 2017	Final Call for Submissions to the 2017 Altair Enlighten Award
May 10, 2017	Latest Release of Flux Opens the Door to Multi-Disciplinary Optimization for Design in Electrical Engineering
May 02, 2017	High Performance Computing: Altair Announces an Impressive Speaker Lineup for its 2017 PBS Works User Group
Apr 20, 2017	Altair Wins 2016 Boeing Performance Excellence Award
Apr 19, 2017	FEKO Student Competition Now in Its 15th Year
Apr 06, 2017	The Integration of Altair’s Geomechanics Director with Rockfield’s Elfen Solver Boosts Geomechanical Post-Processing Capabilities
Mar 28, 2017	‘Enabling Technology’ Category Added to the Altair Enlighten Award for 2017
Mar 24, 2017	Huawei and Altair Sign MoU to Jointly Pursue High-Performance Computing (HPC) Opportunities and Build Industrial Simulation Cloud Solutions
Mar 22, 2017	See New Development Methods for Smart Devices and Modern Manufacturing Methods at Altair’s HMI Presence in Hannover

Market Share of Altair Engineering's Largest Competitors

A competitive analysis shows these companies are in the same general field as Altair Engineering, even though they may not compete head-to-head. These are the largest companies by revenue. However, they may not have the largest market share in this industry if they have diversified into other business lines. The "Competition" section of a business plan or investment memorandum would start by analyzing the information about these companies. Competitive advantage comes from offering better pricing or superior products/service.

Company	Headquarters	Revenue ($ MM)
MICROSOFT	Redmond, WA	100
ADOBE	San Jose, CA	44
VMWARE	Palo Alto, CA	14
WORKDAY	Pleasanton, CA	7
SHOPIFY USA	San Francisco, CA	7
SNAPDOCS	Covina, CA	4
KRONOS	Lowell, MA	4
CITRIX SYSTEMS	Fort Lauderdale, FL	4
REYNOLDS & REYNOLDS	Dayton, OH	4

Nearby Competitors

These companies are similar in business line and location to Altair Engineering. While some companies compete with neighboring businesses for customers, other companies may compete to attract skilled employees.

Company	Headquarters	Revenue ($ MM)
ALTAIR ENGINEERING	Troy, MI	100
ONESTREAM SOFTWARE	Birmingham, MI	69
BILLHIGHWAY	Troy, MI	14
MOST GROUP	Southfield, MI	8
GLOSTREAM	Royal Oak, MI	6
RECUR FOREVER	Madison Heights, MI	5

Future Competition: Altair Engineering's Fastest Growing Competitors

These companies are in the same general field as Altair Engineering and are rapidly expanding. Companies may grow organically or through acquisition. In some cases apparently high growth rates may be caused by data that weren't available in previous years.

Company	Revenue ($ MM)