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Stock impact report

Altair Announces First Quarter 2018 Financial Results

Altair Engineering Inc. - Class A (ALTR) 
Last altair engineering inc. - class a earnings: 2/27 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.altair.com/overview
Company Research Source: GlobeNewswire
TROY, Mich., May 14, 2018 (GLOBE NEWSWIRE) -- Altair (Nasdaq:ALTR) released its financial results for the first quarter ended March 31, 2018. “Altair started 2018 with a strong financial performance highlighted by software product revenue growth of 26% and profitability that exceeded expectations,” said James Scapa, Founder, Chairman and CEO.  “Our performance in the first quarter reflects good execution, improving market dynamics and the positive impact of the investments we have made to strengthen our product portfolio and go-to-market team.” Scapa continued, “We have further enhanced our solution set with the recent acquisitions of CANDI, which extends our capabilities around edge gateway computing and the Internet of Things, and FluiDyna, a developer of GPU-based fluid dynamics and numerical simulation technologies.  These are exciting technologies that increase the value Altair can deliver for customers and exemplify our expanding number of opportunities for future growth.” Show less Read more
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