Altair Announces Third Quarter 2019 Financial Results


(1) Adjustment for revenue not recognized under GAAP due to acquisition accounting adjustments associated with the accounting for deferred revenue in significant business combinations.

The following table provides a reconciliation of projected Non-GAAP total revenue to projected total revenue, the most comparable GAAP financial measure:

  (Unaudited) 
    Three Months ending
December 31, 2019
    Year Ending
December 31, 2019
 
(in thousands)   Low     High     Low     High  
Total revenue $105,000  $109,000  $440,000  $444,000 
Acquisition related deferred revenue (1)  2,250   2,250   9,000   9,000 
Non-GAAP total revenue $107,250  $111,250  $449,000  $453,000 


(1) Adjustment for revenue not recognized under GAAP due to acquisition accounting adjustments associated with the accounting for deferred revenue in significant business combinations.

The following table provides a reconciliation of projected Non-GAAP total software product revenue to projected total software product revenue, the most comparable GAAP financial measure:

    (Unaudited)  
    Three Months ending
December 31, 2019
    Year Ending
December 31, 2019
 
(in thousands)   Low     High     Low     High  
Total software product revenue   $ 83,500     $ 87,500     $ 349,000     $ 353,000  
Acquisition related deferred revenue (1)     2,250       2,250       9,000       9,000  
Non-GAAP total software product revenue   $ 85,750     $ 89,750     $ 358,000     $ 362,000  

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