Altair Announces Third Quarter 2024 Financial Results

The following table provides Software revenue, Total revenue, Billings and Adjusted EBITDA on a constant currency basis:

 (Unaudited)  
  Three Months Ended
September 30, 2024
   Three Months Ended
September 30, 2023
   Increase/
(Decrease) %
  
(in thousands) As reported   Currency
changes
   As adjusted for
constant
currency
   As reported   As reported   As adjusted for
constant
currency
  
Software revenue$138.7  $(0.3) $138.4  $119.1   16.5%  16.2% 
Total revenue$151.5  $(0.4) $151.1  $134.0   13.0%  12.8% 
Billings$139.8  $(0.1) $139.7  $124.4   12.4 %     12.3 %  
Adjusted EBITDA $ 25.7     $ (0.1 )   $ 25.6     $ 15.5       66.3 %     65.5 %  
   
 
  Nine Months Ended
September 30, 2024
    Nine Months Ended
September 30, 2023
    Increase/
(Decrease) %
   
(in thousands) As reported     Currency
changes
    As adjusted for
constant
currency
    As reported     As reported     As adjusted for
constant
currency
   
Software revenue $ 432.5     $ 4.4     $ 436.9     $ 394.0       9.8 %     10.9 %  
Total revenue $ 473.2     $ 4.6     $ 477.8     $ 441.2       7.2 %     8.3 %  
Billings $ 448.5     $ 4.5     $ 453.0     $ 435.7       2.9 %     4.0 %  
Adjusted EBITDA $ 88.9     $ 3.3     $ 92.2     $ 75.6       17.6 %     22.0 %  

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