Altair Announces Second Quarter 2024 Financial Results

  (Unaudited) 
   Three Months Ended
June 30, 2024
   Three Months Ended June 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 $135.4  $3.3  $138.7  $125.3   8.1%  10.6%
Total revenue $148.8  $3.4  $152.2  $141.2   5.4%  7.8%
Billings $154.5  $3.7  $158.2  $147.8   4.5%  7.1%
Adjusted EBITDA   $ 17.3     $ 2.2     $ 19.5     $ 17.1       1.7 %     14.1 %
                                     
                                     
    (Unaudited)  
    Six Months Ended
June 30, 2024
    Six Months Ended
June 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   $ 293.9     $ 4.7     $ 298.6     $ 275.0       6.9 %     8.6 %
Total revenue   $ 321.7     $ 4.9     $ 326.6     $ 307.2       4.7 %     6.3 %
Billings   $ 308.6     $ 4.5     $ 313.1     $ 311.3       -0.9 %     0.6 %
Adjusted EBITDA   $ 63.2     $ 3.4     $ 66.6     $ 60.1       5.1 %     10.8 %

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