Altair Announces Second Quarter 2023 Financial Results

*  Amounts include stock-based compensation expense as follows (in thousands):

 (Unaudited) 
  Three Months Ended
June 30,
   Six Months Ended
June 30,
 
(in thousands) 2023   2022   2023   2022 
Cost of revenue – software$2,572  $2,030  $5,324  $3,933 
Research and development 9,943   8,979   18,686   16,337 
Sales and marketing 7,581   7,664   15,172   14,699 
General and administrative 3,640   2,527   6,715   4,845 
Total stock-based compensation expense$23,736  $21,200  $45,897  $39,814 


 (Unaudited) 
  Three Months Ended
June 30,
   Six Months Ended
June 30,
 
(in thousands) 2023     2022     2023     2022  
Employee stock-based compensation plans $ 19,189     $ 14,873     $ 37,673     $ 28,132  
Post combination expense in connection with acquisitions   4,547       6,327       8,224       11,682  
Total stock-based compensation expense $ 23,736     $ 21,200     $ 45,897     $ 39,814  



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