Altair Announces Fourth Quarter and Full Year 2022 Financial Results

  (Unaudited) 
   Three Months Ended
December 31, 2022
   Three Months Ended December 31, 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 $145.0  $8.5  $153.5  $122.4   18.5%  25.5%
Total revenue $160.4  $9.3  $169.7  $140.8   13.9%  20.6%
Billings $187.9  $8.2   $ 196.1     $ 159.1       18.1 %     23.2 %
Adjusted EBITDA   $ 38.7     $ 3.0     $ 41.7     $ 24.0       61.7 %     73.9 %
                                     
                                     
    (Unaudited)  
    Twelve Months Ended
December 31, 2022
    Twelve Months Ended December 31, 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   $ 506.5     $ 27.0     $ 533.5     $ 453.7       11.6 %     17.6 %
Total revenue   $ 572.2     $ 29.5     $ 601.7     $ 532.2       7.5 %     13.1 %
Billings   $ 607.6     $ 32.0     $ 639.6     $ 539.9       12.5 %     18.5 %
Adjusted EBITDA   $ 108.6     $ 7.2     $ 115.8     $ 85.3       27.4 %     35.8 %
                                                 

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