Altair Announces Fourth Quarter and Full Year 2023 Financial Results



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

 (Unaudited) 
  Three Months Ended
December 31, 2023
   Three Months Ended December 31, 2022   Increase/
(Decrease) %
 
(in thousands) As reported   Currency changes   As adjusted for constant currency   As reported   As reported   As adjusted for constant currency 
Software revenue$155.9  $(1.3) $154.6  $145.0   7.6%  6.7%
Total revenue$171.5  $(1.5) $170.0  $160.4   6.9%  6.0%
Billings$196.1  $(1.4) $194.7  $187.9   4.4%  3.6%
Adjusted EBITDA$53.6  $0.3  $53.9  $38.7    38.3 %     39.1 %
                                   
                                   
  (Unaudited)  
  Year Ended
December 31, 2023
    Year Ended December 31, 2022     Increase/
(Decrease) %
 
(in thousands) As reported     Currency changes     As adjusted for constant currency     As reported     As reported     As adjusted for constant currency  
Software revenue $ 550.0     $ 6.4     $ 556.4     $ 506.5       8.6 %     9.8 %
Total revenue $ 612.7     $ 6.6     $ 619.3     $ 572.2       7.1 %     8.2 %
Billings $ 631.8     $ 5.1     $ 636.9     $ 607.6       4.0 %     4.8 %
Adjusted EBITDA $ 129.1     $ 5.2     $ 134.3     $ 108.6       18.9 %     23.7 %

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