Currently at all-time peak NRR of 92%.
Altair Engineering is below the Construction SaaS Public median by -17pp (cell median: 109%)
Altair Engineering (ALTR) is a construction saas company at the public stage. As of its most recent disclosure (FY-2024), Altair Engineering reported a Net Revenue Retention rate of 92% - a below-average result for B2B SaaS at this segment.
Altair Engineering is currently at or near its all-time NRR peak.
Within its peer set (construction saas companies at public stage in the $100k-$500k acv band), Altair Engineering's NRR is meaningfully below the cell median of 109%. Compare against the full peer cell aggregate for distribution and top performers.
Contract shape and forward-booked revenue.
Revenue, ARR, and team-size denominators for the productivity ratios.
Forward-booked revenue by maturity. Renewal pipeline visibility.
CS team segments: Strategic · Enterprise · Mid-Market · SMB
CSM model: hybrid
Education programs: Software consulting, training, and implementation
Computed from the data above. Shows where value comes from and where leakage hides.
Named CS initiatives across recent disclosures (newest first).
Modern, secure, cloud innovation gateway to download software, execute interactive applications or batch compute
"Altair and Altair partner applications are also available through Altair One, our modern, secure, cloud innovation gateway"
Acquisition of Metrics Design Automation to provide a SaaS business model for semiconductor simulation.
"acquired Metrics Design Automation Inc... with a simulation as a service (SaaS) business model"
Acquired a modern data fabric provider to be integrated into the Altair RapidMiner platform.
"In April 2024, we acquired Cambridge Semantics... technologies will be integrated into the Altair RapidMiner platform."
Acquired CFD software maker to be integrated into the Altair HyperWorks design and simulation platform.
"In April 2024, we acquired Research in Flight... technology will be integrated into the Altair HyperWorks platform."
Challenges acknowledged by management. Useful peer signals - your team is probably not alone.
Software piracy is and can be expected to be a persistent problem that negatively impacts our revenue
"We believe, however, that software piracy is and can be expected to be a persistent problem"
Decrease in engineering services revenue due to lower customer demand.
"primarily due to lower customer demand for client engineering services during the period."
Decrease in engineering services revenue due to lower customer demand for client engineering services.
"primarily due to lower customer demand for client engineering services during the period."
Exposure to foreign currency risks from international operations (Euro, GBP, INR, JPY, CNY).
"Because of our substantial international operations, we are exposed to foreign currency risks"
Side-by-side NRR, customer cohorts, commercial structure, and CS motion.
Altair Engineering appears on 1 of our retention leaderboards.
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| Period | NRR | GRR | Source type | Filing |
|---|---|---|---|---|
| FY-2024 | 92% | - | 10-K | source ↗ |
Generate a live retention report against Altair Engineering and your full peer cell. Ungated. Downloadable as PDF.