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Stock impact report

Altair Announces Third Quarter 2017 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., Nov. 30, 2017 (GLOBE NEWSWIRE) -- Altair Engineering Inc. (NASDAQ:ALTR) today announced its financial results for the third quarter ended September 30, 2017. “We delivered a strong performance in the third quarter with software product revenue increasing 13% from a year ago to $63.2 million and total revenue increasing 9% to $84.9 million,” said James Scapa, Founder, Chairman, and CEO. “Equally important, we continue to shift our revenue mix toward software products where we achieve our highest gross margins, ultimately driving higher operating margins for the overall enterprise. “During the third quarter we expanded our relationships with existing customers and broadened our reach with enhanced and new technology, including technologies from our acquisition of Runtime on September 28, which expands our market opportunity in the dynamic high-performance computing market.  “We reached another milestone for the company with the completion of our initial public offering Show less Read more
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