Altair Engineering (ALTR) Revenue & Revenue Breakdown

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Altair Engineering Revenue Highlights

Latest Revenue (Y)

$612.70M

Latest Revenue (Q)

$151.45M

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
2024-09-30	$151.45M	1.78%
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 $151.45M in revenue during Q3 2024, up 1.78% compared to the previous quarter, and up 107.29% 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
Software Related Services	$28.03M	$26.45M	-	-	-
Other	$5.20M	-	-	-	-
Maintenance And Other Services	$156.83M	$142.99M	$128.94M	$122.38M	-
License	$393.14M	$363.52M	$244.32M	-	-
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	-
Software Related Service	-	$30.66M	$31.82M	$34.58M	-
Other Product And Service	-	$6.17M	$7.33M	$7.44M	$8.65M
License And Service	-	-	$324.81M	$401.28M	-
License And Maintenance	-	-	$453.75M	$366.70M	-
Service	-	-	$485.57M	-	-
Professional Software Services	-	-	-	$14.59M	-
Maintenance	-	-	-	$117.16M	-
Term Licenses	-	-	-	$224.47M	-
Perpetual Licenses	-	-	-	$35.49M	-
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	Sep 24	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
Other Product And Service	$794.00K	$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	-
Perpetual Licenses	$12.34M	$14.84M	$6.54M	$9.10M	$8.80M	$10.20M	$12.12M	$11.70M	$9.01M	$11.46M	-	-	-	-	-	-	-	-	-	-
Client Engineering Services	$6.24M	$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	$42.25M	$39.73M	$38.64M	$35.60M	$34.27M	$33.03M	$33.34M	$31.30M	$30.55M	$29.69M	-	-	-	-	-	-	-	-	-	-
Software Related Services	$5.75M	$6.08M	$6.62M	$20.93M	$7.10M	$6.71M	$7.38M	$9.06M	$7.65M	$7.48M	$8.10M	-	-	-	-	-	-	-	-	-
Professional Software Services	$3.49M	$2.99M	$2.08M	$1.63M	$2.25M	$1.17M	$1.39M	$3.39M	$2.38M	$3.45M	-	-	-	-	-	-	-	-	-	-
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	-	-	-	-	-	-	-
License	-	-	-	$225.58M	$79.83M	$87.74M	$107.42M	$76.38M	$55.02M	$51.02M	$77.54M	$64.19M	-	-	-	-	-	-	-	-
License and Service	-	-	-	$320.43M	$125.59M	$131.99M	$152.47M	-	-	-	-	-	-	-	-	-	-	-	-	-
Software Related Service	-	-	-	-	$6.52M	$6.66M	$7.52M	$8.59M	$7.91M	$6.17M	$5.44M	$6.93M	$8.94M	-	-	-	-	-	-	-
Term Licenses And Other	-	-	-	-	-	-	$103.31M	$58.44M	$72.48M	$94.05M	-	-	-	-	-	-	-	-	-	-
License And Service	-	-	-	-	-	-	-	-	-	-	-	$-29.81M	$121.53M	$93.98M	$87.28M	$115.38M	$110.13M	-	-	-
License And Maintenance	-	-	-	-	-	-	-	-	-	-	-	$122.36M	$113.63M	$87.81M	$81.83M	$108.44M	$101.19M	-	-	-
Term Licenses	-	-	-	-	-	-	-	-	-	-	-	-	$55.91M	$57.62M	$84.93M	-	-	-	-	-
Technology Service	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$9.93M	$10.87M	$9.64M	$13.88M	$11.72M

Altair Engineering's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Maintenance (59.62%), Perpetual Licenses (17.42%), Client Engineering Services (8.80%), Software Related Services (8.11%), Professional Software Services (4.92%), and Other Product And Service (1.12%).

Altair Engineering Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Asia Pacific	$156.43M	$143.46M	$136.40M	$110.93M	$108.48M
EMEA	$136.62M	$140.71M	-	-	-
FRANCE	$23.12M	$19.44M	$19.69M	$15.29M	$17.21M
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
Other Asia Pacific Countries	$116.93M	$103.12M	$94.08M	$69.83M	$70.73M
Other Europe Middle East And Africa Countries	$66.90M	$69.77M	$52.26M	$49.40M	$49.31M
UNITED STATES	$301.86M	$274.63M	$259.34M	$233.61M	$219.05M
Americas	$319.65M	$288.06M	$271.59M	$245.74M	$233.81M
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	$628.67B
CSGS	CSG Systems	$1.17B	$295.14M
FIVN	Five9	$910.49M	$264.18M
CCCS	CCC Intelligent Solutions	$866.38M	$238.48M
NTCT	NetScout Systems	$829.46M	$191.11M
DOCN	DigitalOcean	$692.88M	$198.48M
EVCM	EverCommerce	$675.37M	$176.26M
ALTR	Altair Engineering	$612.70M	$151.45M
APPN	Appian	$545.36M	$154.05M
SPSC	SPS Commerce	$536.91M	$163.69M
GB	Global Blue Group	$422.30M	$105.24M
AVDX	AvidXchange	$380.72M	$112.77B
CCSI	Consensus Cloud Solutions	$362.56M	$87.75M
ATEN	A10 Networks	$251.70M	$66.72M
IIIV	i3 Verticals	$229.92M	$56.04M

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 Q3 2024 was $151.45M, a 1.78% increase from the previous quarter (Q2 2024), and a 13.02% increase year-over-year (Q3 2023). The company'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). ALTR'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).

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 Software Related Services, Other, Maintenance And Other Services, License, License and Service, License and Maintenance, and Client Engineering Services. 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 generated $393.14M in revenue, accounting 22.59% of the company's total revenue, up 8.15% 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.