Altair Announces Second 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
September 30, 2019
  Year Ending
December 31, 2019
(in millions)   Low   High   Low   High
Total revenue $103.0 $105.0 $460.0 $464.0
Acquisition related deferred revenue(1)  2.2  2.2  9.0  9.0
Non-GAAP total revenue $105.2 $107.2 $469.0 $473.0

(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
September 30, 2019
    Year Ending
December 31, 2019
 
(in millions)   Low     High     Low     High  
Total software product revenue $79.0  $81.0    $ 366.0     $ 370.0  
Acquisition related deferred revenue (1)     2.2       2.2       9.0       9.0  
Non-GAAP total software product revenue   $ 81.2     $ 83.2     $ 375.0     $ 379.0  

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