Altair Engineering Inc. (NASDAQ:ALTR) Q2 2023 Earnings Call Transcript

But it’s also – the customers are as we get into customers and as we solve a problem over here, and they go, Oh, wow, you just saved us. We went from two weeks to two hours doing this thing or that thing. Could we apply it here or could we apply it there? So we’re starting to see the customers sort of at the grassroots level, beginning to grasp it and get it. And the real power for us is that the RapidMiner platform is a true no code platform. There’s a lot of other products will remain nameless. But a lot of other products that sort of claim to be no code you never can get to the end unless you get a Python program and they’re writing some code. And RapidMiner really is a no code platform. It’s just extremely easy to implement, and it’s very broad and deep.

So I just think we’re in a great spot. We understand the domain, and we’ve got just an offer that crossing cross-training and all of that happening in our organization that it’s starting to get traction.

Mark Schappel: Great. Thank you. That’s helpful.

Jim Scapa: Thank you.

Operator: Our next question comes from the line of Andrew DeGasperi with Berenberg.

Unidentified Analyst: Hi, this is Stephanie on for Andrew. Thank you for taking the question. In terms of your acquisition strategy, do you expect any shift in the way you think about acquisitions and further what areas specifically are you looking at? Thank you.

Jim Scapa: Sure. Thank you for the question. I generally try not to tell you what I’m looking at. That doesn’t usually work for me. And I don’t see a big change. I mean, I think we are very clear internally in the areas that are interesting to us, and we’re paying attention. We look at a lot of different companies. And – but at the same time, we’re value players as well. And we’re very focused on the quality of the technology and also the culture of [indiscernible] so a lot of stuffs that we’re looking at, quite frankly, right now, we have a lot of different opportunities. And we’re going to continue to probably mostly just tuck things in and continue to grow the solution side. So sorry for not answering the question, but that’s probably the best I can do.

Unidentified Analyst: Got it. Thank you.

Jim Scapa: Thank you.

Operator: That concludes today’s question-and-answer session. This concludes today’s conference call. Thank you for participating. You may now disconnect.