Altair Announces Third Quarter 2022 Financial Results

The following table provides our revenue and Adjusted EBITDA on a constant currency basis:

  (Unaudited) 
   Three Months Ended
September 30, 2022
   Three Months
Ended
September 30, 2021
   Increase/
(Decrease) %
 
(in thousands)  As reported   Currency
changes
   As adjusted for
constant currency
   As reported   As reported   As adjusted for
constant
currency
 
Software revenue $103.8  $8.8  $112.6  $102.3   1.4%  10.1%
Total revenue $119.4  $9.6  $129.0  $121.3   -1.6%  6.3%
Adjusted EBITDA $6.8  $2.0  $8.8  $14.8   -53.9%  -40.5%
                              
                                     
    (Unaudited)  
    Nine Months Ended
September 30, 2022
    Nine Months
Ended
September 30, 2021
    Increase/
(Decrease) %
 
(in thousands)   As reported     Currency
changes
    As adjusted for
constant currency
    As reported     As reported     As adjusted for
constant
currency
 
Software revenue   $ 361.6     $ 18.3     $ 379.9     $ 331.4       9.1 %     14.7 %
Total revenue   $ 411.8     $ 20.2     $ 432.0     $ 391.4       5.2 %     10.4 %
Adjusted EBITDA   $ 69.9     $ 4.2     $ 74.1     $ 61.3       14.0 %     20.9 %
                                                 

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