Altair Engineering Inc (ALTR)

Net profit margin

		Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Net income (ttm)	US$ in thousands	9,580	-8,926	-16,536	-45,422	-56,916	-43,429	-56,891	-31,752	-11,626	-8,794	-5,199	-5,595	-2,170	-10,500	-14,200	-21,634	-14,531	-7,542	-15,043	1,830
Revenue (ttm)	US$ in thousands	612,557	608,222	600,592	585,021	571,392	563,439	536,037	540,111	530,033	519,011	510,152	496,321	475,198	458,323	456,770	449,723	461,129	459,602	446,656	443,361
Net profit margin		1.56%	-1.47%	-2.75%	-7.76%	-9.96%	-7.71%	-10.61%	-5.88%	-2.19%	-1.69%	-1.02%	-1.13%	-0.46%	-2.29%	-3.11%	-4.81%	-3.15%	-1.64%	-3.37%	0.41%

March 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $9,580K ÷ $612,557K
= 1.56%

Altair Engineering Inc's net profit margin has shown some variability over the past few quarters. The company reported a net profit margin of 1.56% as of March 31, 2024, indicating that the company retained approximately 1.56% of its revenue as profit during that period.

The net profit margin was negative in the previous quarter, December 31, 2023, at -1.47%, suggesting that the company experienced higher expenses relative to its revenue during that period.

Looking further back, the net profit margin has generally been negative in the last few quarters, indicating challenges in generating profits. The company saw an improvement in the net profit margin from March 31, 2023, at -9.96%, gradually moving towards positive territory.

It is important for Altair Engineering Inc to continue monitoring and improving its net profit margin to ensure sustainable profitability and financial health in the long term. Efforts to control costs, increase efficiency, and drive revenue growth will be crucial in achieving this goal.