Altair Engineering (ALTR) Revenue & Revenue Breakdown


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Altair Engineering Revenue Highlights


Latest Revenue (Y)

$665.79M

Latest Revenue (Q)

$151.45M

Main Segment (Y)

Maintenance

Main Geography (Y)

Americas

Altair Engineering Revenue by Period


Altair Engineering Revenue by Year

DateRevenueChange
2024-12-31$665.79M8.66%
2023-12-31$612.70M7.07%
2022-12-31$572.22M7.52%
2021-12-31$532.18M13.25%
2020-12-31$469.92M2.40%
2019-12-31$458.92M15.78%
2018-12-31$396.38M18.91%
2017-12-31$333.33M6.41%
2016-12-31$313.24M6.50%
2015-12-31$294.13M-

Altair Engineering generated $665.79M in revenue during NA 2024, up 8.66% compared to the previous quarter, and up 145.08% compared to the same period a year ago.

Altair Engineering Revenue by Quarter

DateRevenueChange
2024-09-30$151.45M1.78%
2024-06-30$148.79M-13.95%
2024-03-31$172.91M0.82%
2023-12-31$171.50M27.98%
2023-09-30$134.00M-5.07%
2023-06-30$141.16M-14.98%
2023-03-31$166.03M3.49%
2022-12-31$160.43M34.42%
2022-09-30$119.35M-10.03%
2022-06-30$132.66M-16.98%
2022-03-31$159.78M13.48%
2021-12-31$140.80M16.07%
2021-09-30$121.31M1.16%
2021-06-30$119.91M-20.15%
2021-03-31$150.16M12.53%
2020-12-31$133.44M25.35%
2020-09-30$106.46M8.01%
2020-06-30$98.56M-25.03%
2020-03-31$131.46M6.12%
2019-12-31$123.88M23.38%
2019-09-30$100.41M-5.96%
2019-06-30$106.77M-16.49%
2019-03-31$127.86M24.12%
2018-12-31$103.01M9.74%
2018-09-30$93.87M-1.77%
2018-06-30$95.57M4.18%
2018-03-31$91.73M2.07%
2017-12-31$89.87M5.80%
2017-09-30$84.94M4.03%
2017-06-30$81.65M6.20%
2017-03-31$76.88M-7.20%
2016-12-31$82.85M6.14%
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/ServiceDec 24Dec 23Dec 22Dec 21Dec 20
Other Product And Service$3.49M$6.17M$7.33M$7.44M-
Perpetual Licenses$46.54M$35.49M---
Professional Software Services$12.23M$14.59M---
Maintenance$164.38M$117.16M---
Software Related Services$25.37M$28.03M$26.45M--
Client Engineering Services$25.03M$29.50M$28.88M$39.28M$44.32M
Maintenance And Other Services-$156.83M$142.99M$128.94M-
License-$393.14M$363.52M--
License and Service-$578.01M$537.17M--
License and Maintenance-$549.97M$506.51M--
Other-$5.20M---
Software Related Service--$30.66M$31.82M-
License And Service---$324.81M-
License And Maintenance---$453.75M-
Service---$485.57M-
Term Licenses----$224.47M

Altair Engineering's latest annual revenue breakdown by segment (product or service), as of Dec 24: Maintenance (59.34%), Perpetual Licenses (16.80%), Software Related Services (9.16%), Client Engineering Services (9.03%), Professional Software Services (4.42%), and Other Product And Service (1.26%).

Quarterly Revenue by Product

Product/ServiceDec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20
Client Engineering Services$5.78M$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----
Software Related Services$6.93M$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$3.68M$3.49M$2.99M$2.08M$1.63M$2.25M$1.17M$1.39M$3.39M$2.38M$3.45M---------
Perpetual Licenses$12.82M$12.34M$14.84M$6.54M$9.10M$8.80M$10.20M$12.12M$11.70M$9.01M$11.46M---------
Other Product And Service$550.00K$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-
Maintenance$43.76M$42.25M$39.73M$38.64M$35.60M$34.27M$33.03M$33.34M$31.30M$30.55M$29.69M---------
License and Maintenance----$305.58M$119.08M$125.32M$144.95M------------
License and Service----$320.43M$125.59M$131.99M$152.47M------------
License----$225.58M$79.83M$87.74M$107.42M$76.38M$55.02M$51.02M$77.54M--------
Maintenance And Other Services----$80.00M$39.25M$37.58M$37.53M$28.18M$37.24M$32.79M$30.82M$30.90M-------
Software Related Service-----$6.52M$6.66M$7.52M$8.59M$7.91M$6.17M$5.44M$6.93M-------
Term Licenses And Other-------$103.31M$58.44M$72.48M$94.05M---------
License And Maintenance------------$122.36M$113.63M$87.81M$81.83M$108.44M---
License And Service------------$-29.81M$121.53M$93.98M$87.28M$115.38M---
Term Licenses-------------$55.91M$57.62M$84.93M----
Technology Service----------------$9.93M$10.87M$9.64M$13.88M

Altair Engineering's latest quarterly revenue breakdown by segment (product or service), as of Dec 24: Maintenance (59.53%), Perpetual Licenses (17.44%), Software Related Services (9.42%), Client Engineering Services (7.86%), Professional Software Services (5.00%), and Other Product And Service (0.75%).

Altair Engineering Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 24Dec 23Dec 22Dec 21Dec 20
Other Europe Middle East And Africa Countries$76.46M$66.90M$69.77M$52.26M$49.40M
UNITED STATES$323.90M$301.86M$274.63M$259.34M$233.61M
Americas$342.89M$319.65M$288.06M$271.59M$245.74M
Asia Pacific$175.23M$156.43M$143.46M$136.40M$110.93M
EMEA$147.67M$136.62M$140.71M--
FRANCE$24.28M$23.12M$19.44M$19.69M$15.29M
GERMANY$46.93M$46.59M$51.49M$52.23M$48.56M
JAPAN$42.45M$39.51M$40.34M$42.32M$41.11M
Other American Countries$18.99M$17.79M$13.43M$12.25M$12.13M
Other Asia Pacific Countries$132.78M$116.93M$103.12M$94.08M$69.83M
E M E A---$124.19M$113.25M

Altair Engineering's latest annual revenue breakdown by geography, as of Dec 24: Americas (25.75%), UNITED STATES (24.32%), Asia Pacific (13.16%), EMEA (11.09%), Other Asia Pacific Countries (9.97%), Other Europe Middle East And Africa Countries (5.74%), GERMANY (3.52%), JAPAN (3.19%), FRANCE (1.82%), and Other American Countries (1.43%).

Altair Engineering Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
EVTCEVERTEC$845.49B$628.67B
CSGSCSG Systems$1.20B$295.14M
FIVNFive9$1.04B$264.18M
CCCSCCC Intelligent Solutions$944.80M$238.48M
NTCTNetScout Systems$829.46M$252.02M
DOCNDigitalOcean$780.62M$198.48M
EVCMEverCommerce$698.76M$176.26M
ALTRAltair Engineering$665.79M$151.45M
SPSCSPS Commerce$637.76M$163.69M
APPNAppian$617.02M$154.05M
AVDXAvidXchange$438.94M$112.77B
GBGlobal Blue Group$422.30M$105.24M
CCSIConsensus Cloud Solutions$350.38M$87.75M
ATENA10 Networks$261.70M$66.72M
IIIVi3 Verticals$229.92M$61.69M

ALTR Revenue FAQ


What is Altair Engineering’s yearly revenue?

Altair Engineering's yearly revenue for 2024 was $665.79M, representing an increase of 8.66% compared to 2023. The company's yearly revenue for 2023 was $612.7M, representing an increase of 7.07% compared to 2022. ALTR's yearly revenue for 2022 was $572.22M, representing an increase of 7.52% compared to 2021.

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 (2022-2024) was 16.35%, and for the last 5 years (2020-2024) was 41.68%.

What are Altair Engineering’s revenue streams?

Altair Engineering's revenue streams in c 24 are Other Product And Service, Perpetual Licenses, Professional Software Services, Maintenance, Software Related Services, and Client Engineering Services. Other Product And Service generated $3.49M in revenue, accounting 1.26% of the company's total revenue, down -43.36% year-over-year. Perpetual Licenses generated $46.54M in revenue, accounting 16.80% of the company's total revenue, up 31.12% year-over-year. Professional Software Services generated $12.23M in revenue, accounting 4.42% of the company's total revenue, down -16.14% year-over-year. Maintenance generated $164.38M in revenue, accounting 59.34% of the company's total revenue, up 40.31% year-over-year. Software Related Services generated $25.37M in revenue, accounting 9.16% of the company's total revenue, down -9.51% year-over-year. Client Engineering Services generated $25.03M in revenue, accounting 9.03% of the company's total revenue, down -15.15% year-over-year.

What is Altair Engineering’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Altair Engineering was Maintenance. This segment made a revenue of $164.38M, representing 59.34% of the company's total revenue.