Altair Engineering (ALTR) Revenue & Revenue Breakdown
Altair Engineering Revenue Highlights
Latest Revenue (Y)
$612.70M
Latest Revenue (Q)
$148.79M
Main Segment (Y)
License and Service
Main Geography (Y)
Americas
Altair Engineering Revenue by Period
Altair Engineering Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $612.70M | 7.07% |
| 2022-12-31 | $572.22M | 7.52% |
| 2021-12-31 | $532.18M | 13.25% |
| 2020-12-31 | $469.92M | 2.40% |
| 2019-12-31 | $458.92M | 15.78% |
| 2018-12-31 | $396.38M | 18.91% |
| 2017-12-31 | $333.33M | 6.41% |
| 2016-12-31 | $313.24M | 6.50% |
| 2015-12-31 | $294.13M | - |
Altair Engineering generated $612.70M in revenue during NA 2023, up 7.07% compared to the previous quarter, and up 154.57% compared to the same period a year ago.
Altair Engineering Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $148.79M | -13.95% |
| 2024-03-31 | $172.91M | 0.82% |
| 2023-12-31 | $171.50M | 27.98% |
| 2023-09-30 | $134.00M | -5.07% |
| 2023-06-30 | $141.16M | -14.98% |
| 2023-03-31 | $166.03M | 3.49% |
| 2022-12-31 | $160.43M | 34.42% |
| 2022-09-30 | $119.35M | -10.03% |
| 2022-06-30 | $132.66M | -16.98% |
| 2022-03-31 | $159.78M | 13.48% |
| 2021-12-31 | $140.80M | 16.07% |
| 2021-09-30 | $121.31M | 1.16% |
| 2021-06-30 | $119.91M | -20.15% |
| 2021-03-31 | $150.16M | 12.53% |
| 2020-12-31 | $133.44M | 25.35% |
| 2020-09-30 | $106.46M | 8.01% |
| 2020-06-30 | $98.56M | -25.03% |
| 2020-03-31 | $131.46M | 6.12% |
| 2019-12-31 | $123.88M | 23.38% |
| 2019-09-30 | $100.41M | -5.96% |
| 2019-06-30 | $106.77M | -16.49% |
| 2019-03-31 | $127.86M | 24.12% |
| 2018-12-31 | $103.01M | 9.74% |
| 2018-09-30 | $93.87M | -1.77% |
| 2018-06-30 | $95.57M | 4.18% |
| 2018-03-31 | $91.73M | 2.07% |
| 2017-12-31 | $89.87M | 5.80% |
| 2017-09-30 | $84.94M | 4.03% |
| 2017-06-30 | $81.65M | 6.20% |
| 2017-03-31 | $76.88M | -7.20% |
| 2016-12-31 | $82.85M | 6.14% |
| 2016-09-30 | $78.05M | - |
Altair Engineering generated $148.79M in revenue during Q2 2024, up -13.95% compared to the previous quarter, and up 89.62% compared to the same period a year ago.
Altair Engineering Revenue Breakdown
Altair Engineering Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| License | $393.14M | $363.52M | $244.32M | - | - |
| Software Related Services | $28.03M | $26.45M | - | - | - |
| Other | $5.20M | - | - | - | - |
| Maintenance And Other Services | $156.83M | $142.99M | $128.94M | $122.38M | - |
| License and Service | $578.01M | $537.17M | - | - | - |
| License and Maintenance | $549.97M | $506.51M | - | - | - |
| Client Engineering Services | $29.50M | $28.88M | $39.28M | $44.32M | - |
| Other Product And Service | - | $6.17M | $7.33M | $7.44M | $8.65M |
| Software Related Service | - | $30.66M | $31.82M | $34.58M | - |
| Service | - | - | $485.57M | - | - |
| License And Service | - | - | $324.81M | $401.28M | - |
| License And Maintenance | - | - | $453.75M | $366.70M | - |
| Term Licenses | - | - | - | $224.47M | - |
| Professional Software Services | - | - | - | $14.59M | - |
| Perpetual Licenses | - | - | - | $35.49M | - |
| Maintenance | - | - | - | $117.16M | - |
| Technology Service | - | - | - | - | $48.99M |
Altair Engineering's latest annual revenue breakdown by segment (product or service), as of Dec 23: License and Service (33.21%), License and Maintenance (31.60%), License (22.59%), Maintenance And Other Services (9.01%), Client Engineering Services (1.69%), Software Related Services (1.61%), and Other (0.30%).
Quarterly Revenue by Product
| Product/Service | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Client Engineering Services | $6.55M | $6.46M | $6.56M | $7.13M | $8.03M | $7.78M | $6.47M | $7.36M | $7.05M | $8.01M | $8.28M | $10.06M | $10.27M | $10.68M | - | - | - | - | - | - |
| Maintenance | $39.73M | $38.64M | $35.60M | $34.27M | $33.03M | $33.34M | $31.30M | $30.55M | $29.69M | - | - | - | - | - | - | - | - | - | - | - |
| Perpetual Licenses | $14.84M | $6.54M | $9.10M | $8.80M | $10.20M | $12.12M | $11.70M | $9.01M | $11.46M | - | - | - | - | - | - | - | - | - | - | - |
| Other Product And Service | $741.00K | $1.41M | $1.28M | $1.14M | $1.51M | $1.49M | $1.52M | $1.34M | $1.81M | $1.57M | $1.31M | $2.60M | $1.85M | $1.98M | $1.61M | $1.64M | $2.21M | $2.03M | $1.83M | - |
| Software Related Services | $6.08M | $6.62M | $20.93M | $7.10M | $6.71M | $7.38M | $9.06M | $7.65M | $7.48M | $8.10M | - | - | - | - | - | - | - | - | - | - |
| Professional Software Services | $2.99M | $2.08M | $1.63M | $2.25M | $1.17M | $1.39M | $3.39M | $2.38M | $3.45M | - | - | - | - | - | - | - | - | - | - | - |
| License and Service | - | - | $320.43M | $125.59M | $131.99M | $152.47M | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| License and Maintenance | - | - | $305.58M | $119.08M | $125.32M | $144.95M | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Maintenance And Other Services | - | - | $80.00M | $39.25M | $37.58M | $37.53M | $28.18M | $37.24M | $32.79M | $30.82M | $30.90M | $36.99M | $30.96M | - | - | - | - | - | - | - |
| License | - | - | $225.58M | $79.83M | $87.74M | $107.42M | $76.38M | $55.02M | $51.02M | $77.54M | $64.19M | $46.85M | - | - | - | - | - | - | - | - |
| Software Related Service | - | - | - | $6.52M | $6.66M | $7.52M | $8.59M | $7.91M | $6.17M | $5.44M | $6.93M | $8.94M | $7.96M | - | - | - | - | - | - | - |
| Term Licenses And Other | - | - | - | - | - | $103.31M | $58.44M | $72.48M | $94.05M | - | - | - | - | - | - | - | - | - | - | - |
| License And Maintenance | - | - | - | - | - | - | - | - | - | - | $122.36M | $113.63M | $87.81M | $81.83M | $108.44M | $101.19M | $77.82M | - | - | - |
| License And Service | - | - | - | - | - | - | - | - | - | - | $-29.81M | $121.53M | $93.98M | $87.28M | $115.38M | $110.13M | $85.77M | - | - | - |
| Term Licenses | - | - | - | - | - | - | - | - | - | - | - | $55.91M | $57.62M | $84.93M | - | - | - | - | - | - |
| Technology Service | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $9.93M | $10.87M | $9.64M | $13.88M | $11.72M | $12.80M |
Altair Engineering's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: Maintenance (56.01%), Perpetual Licenses (20.92%), Client Engineering Services (9.24%), Software Related Services (8.57%), Professional Software Services (4.22%), and Other Product And Service (1.04%).
Altair Engineering Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| FRANCE | $23.12M | $19.44M | $19.69M | $15.29M | $17.21M |
| UNITED STATES | $301.86M | $274.63M | $259.34M | $233.61M | $219.05M |
| Other Europe Middle East And Africa Countries | $66.90M | $69.77M | $52.26M | $49.40M | $49.31M |
| Other Asia Pacific Countries | $116.93M | $103.12M | $94.08M | $69.83M | $70.73M |
| Other American Countries | $17.79M | $13.43M | $12.25M | $12.13M | $14.75M |
| JAPAN | $39.51M | $40.34M | $42.32M | $41.11M | $37.76M |
| GERMANY | $46.59M | $51.49M | $52.23M | $48.56M | $50.10M |
| Americas | $319.65M | $288.06M | $271.59M | $245.74M | $233.81M |
| Asia Pacific | $156.43M | $143.46M | $136.40M | $110.93M | $108.48M |
| EMEA | $136.62M | $140.71M | - | - | - |
| E M E A | - | - | $124.19M | $113.25M | $116.62M |
Altair Engineering's latest annual revenue breakdown by geography, as of Dec 23: Americas (26.09%), UNITED STATES (24.63%), Asia Pacific (12.77%), EMEA (11.15%), Other Asia Pacific Countries (9.54%), Other Europe Middle East And Africa Countries (5.46%), GERMANY (3.80%), JAPAN (3.22%), FRANCE (1.89%), and Other American Countries (1.45%).
Altair Engineering Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| EVTC | EVERTEC | $694.71B | $211.98B |
| CSGS | CSG Systems | $1.17B | $295.13M |
| FIVN | Five9 | $910.49M | $252.09M |
| CCCS | CCC Intelligent Solutions | $866.38M | $232.62M |
| NTCT | NetScout Systems | $829.46M | $174.56M |
| DOCN | DigitalOcean | $692.88M | $192.48M |
| EVCM | EverCommerce | $675.37M | $177.39M |
| ALTR | Altair Engineering | $612.70M | $148.79M |
| APPN | Appian | $545.36M | $146.45M |
| SPSC | SPS Commerce | $536.91M | $153.60M |
| GB | Global Blue Group | $422.30M | $105.24M |
| AVDX | AvidXchange | $380.72M | $105.13M |
| IIIV | i3 Verticals | $370.24M | $56.04M |
| CCSI | Consensus Cloud Solutions | $362.56M | $87.50M |
| ESMT | EngageSmart | $303.92M | $97.73M |
| ATEN | A10 Networks | $251.70M | $60.10M |
ALTR Revenue FAQ
What is Altair Engineering’s yearly revenue?
Altair Engineering's yearly revenue for 2023 was $612.7M, representing an increase of 7.07% compared to 2022. The company's yearly revenue for 2022 was $572.22M, representing an increase of 7.52% compared to 2021. ALTR's yearly revenue for 2021 was $532.18M, representing an increase of 13.25% compared to 2020.
What is Altair Engineering’s quarterly revenue?
Altair Engineering's quarterly revenue for Q2 2024 was $148.8M, a -13.95% decrease from the previous quarter (Q1 2024), and a 5.41% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $172.91M, a 0.82% increase from the previous quarter (Q4 2023), and a 4.14% increase year-over-year (Q1 2023). ALTR's quarterly revenue for Q4 2023 was $171.5M, a 27.98% increase from the previous quarter (Q3 2023), and a 6.90% increase year-over-year (Q4 2022).
What is Altair Engineering’s revenue growth rate?
Altair Engineering's revenue growth rate for the last 3 years (2021-2023) was 15.13%, and for the last 5 years (2019-2023) was 33.51%.
What are Altair Engineering’s revenue streams?
Altair Engineering's revenue streams in c 23 are License, Software Related Services, Other, Maintenance And Other Services, License and Service, License and Maintenance, and Client Engineering Services. License generated $393.14M in revenue, accounting 22.59% of the company's total revenue, up 8.15% year-over-year. Software Related Services generated $28.03M in revenue, accounting 1.61% of the company's total revenue, up 5.97% year-over-year. Other generated $5.2M in revenue, accounting 0.30% of the company's total revenue Maintenance And Other Services generated $156.83M in revenue, accounting 9.01% of the company's total revenue, up 9.68% year-over-year. License and Service generated $578.01M in revenue, accounting 33.21% of the company's total revenue, up 7.60% year-over-year. License and Maintenance generated $549.97M in revenue, accounting 31.60% of the company's total revenue, up 8.58% year-over-year. Client Engineering Services generated $29.5M in revenue, accounting 1.69% of the company's total revenue, up 2.13% year-over-year.
What is Altair Engineering’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Altair Engineering was License and Service. This segment made a revenue of $578.01M, representing 33.21% of the company's total revenue.