Altair Shows Strong Financial Growth and Optimistic Projections for 2025
Troy, Thursday, 20 February 2025.
Altair’s Q4 2024 software revenue grew by 15%, reaching $179.4 million, and total revenue increased by 12.3%, with strategic innovations fueling an optimistic outlook for 2025.
Financial Performance Highlights
Altair (Nasdaq: ALTR), a global leader in computational intelligence, reported significant growth in its Q4 2024 results. The company’s software revenue reached $179.4 million, marking a 15.074% increase from Q4 2023 [1]. Total revenue for Q4 2024 climbed to $192.6 million, up 12.303% from the previous year [1]. For the full year 2024, Altair achieved total revenue of $665.8 million, representing an 8.667% increase from 2023 [1].
Profitability and Operational Excellence
The company demonstrated improved operational efficiency with adjusted EBITDA reaching $61.0 million in Q4 2024, a 13.806% increase from Q4 2023, resulting in an adjusted EBITDA margin of 31.7% [1]. Net income for the full year 2024 showed remarkable improvement, reaching $14.2 million compared to a net loss of $8.9 million in 2023 [1]. Cash flow from operations strengthened significantly, with Q4 2024 generating $37.5 million compared to $21.7 million in Q4 2023 [1].
Strategic Innovation and Product Development
On February 19, 2025, Altair launched HyperWorks 2025, showcasing the company’s commitment to innovation [2]. This latest release features significant advancements in AI-powered engineering and optimization capabilities, including enhanced simulation tools and cloud-based solutions [2]. The platform introduces new features such as Altair DSim for semiconductor design and improved AI capabilities using new transformer architecture for enhanced prediction accuracy [2].
Future Outlook and Strategic Direction
A significant development in Altair’s strategic direction is the pending merger with Siemens, approved by stockholders on January 22, 2025, which is expected to close in the first half of 2025 [1]. The company’s focus on innovation continues with the upcoming presence at Hannover Messe 2025, where they will showcase their latest developments in AI and simulation technologies [5]. This strategic positioning, combined with strong financial performance and innovative product launches, suggests a positive trajectory for Altair’s growth in 2025 [1][2].