Aspen Technology

Equities

AZPN

US0453271035

Market Closed - Nasdaq Other stock markets 10:30:00 03/07/2024 pm IST			5-day change	1st Jan Change
199.5 ^USD	+2.30%		+4.81%	+19.98%

23/05	Aspen Technology Insider Sold Shares Worth $512,467, According to a Recent SEC Filing	MT
17/05	Berenberg Upgrades Aspen Technology to Buy From Hold, Raises Price Target to $255 From $185, Says Overhangs Have Been Removed	MT

Aspen Technology, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2013; Provides Earnings Guidance for the Third Quarter of Fiscal 2014; Revises Earnings Guidance for the Full Fiscal Year 2014

January 31, 2014 at 02:45 am IST

Aspen Technology, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended December 31, 2013. For the quarter, the company reported total revenue of USD 98.769 million compared to USD 77.309 million a year ago. Income from operations was USD 36.112 million compared to USD 14.929 million a year ago. Income before provision for income taxes was USD 35.880 million compared to USD 15.711 million a year ago. Net income was USD 23.263 million compared to USD 9.937 million a year ago. Diluted net income per share was USD 0.25 compared to USD 0.10 a year ago. Net cash provided by operating activities were USD 46.343 million compared to USD 35.679 million a year ago. Purchase of marketable securities was USD 11.018 million. Purchase of property, equipment and leasehold improvements were USD 0.809 million compared to USD 0.767 million a year ago. Non-GAAP income from operations was USD 39.494 million compared to USD 18.575 million a year ago. Non-GAAP net income was USD 25.427 million compared to USD 12.267 million a year ago. Non-GAAP diluted income per share was USD 0.27 compared to USD 0.13 a year ago.

For the six months, the company reported total revenue of USD 186.334 million compared to USD 148.766 million a year ago. Income from operations was USD 60.961 million compared to USD 23.883 million a year ago. Income before provision for income taxes was USD 60.294 million compared to USD 25.230 million a year ago. Net income was USD 38.262 million compared to USD 14.350 million a year ago. Diluted net income per share was USD 0.41 compared to USD 0.15 a year ago. Net cash provided by operating activities were USD 72.256 million compared to USD 54.140 million a year ago. Purchase of marketable securities was USD 18.992 million. Purchase of property, equipment and leasehold improvements were USD 1.724 million compared to USD 2.567 million a year ago. Non-GAAP income from operations was USD 68.976 million compared to USD 31.987 million a year ago. Non-GAAP net income was USD 43.392 million compared to USD 19.528 million a year ago. Non-GAAP diluted income per share was USD 0.46 compared to USD 0.20 a year ago.

The company provided earnings guidance for the third quarter of fiscal 2014. The company expected third quarter revenue in the range of USD 91 million to USD 94 million, non-GAAP operating income of USD 28 million to USD 30 million and non-GAAP EPS of USD 0.18 to USD 0.20. On a GAAP basis, the company expected third quarter operating income of USD 24 million to USD 26 million and EPS of USD 0.16 to USD 0.17.

For the full fiscal year 2014, from a revenue perspective, the company is increasing guidance to USD 372 million to USD 378 million, which is up from prior guidance of USD 360 million to USD 368 million. The company expected GAAP operating income in the range of USD 105 million to USD 111 million, net income in the range of USD 65 million to USD 69 million and GAAP EPS of USD 0.70 to USD 0.74. This is up from prior guidance of GAAP operating income of USD 90 million to USD 98 million, net income of approximately USD 56 million to USD 61 million and GAAP EPS of USD 0.59 to USD 0.65. From a non-GAAP perspective, the company now expects non-GAAP operating income in the range of USD 120 million to USD 126 million, which is up from prior guidance that was up USD 104 million to USD 112 million for full year fiscal 2014. This would lead to non-GAAP earnings per share in the range of USD 0.80 to USD 0.84, which is an increase from prior guidance of USD 0.69 to USD 0.74 for the fiscal year. From a free cash flow perspective, the company is increasing fiscal 2014 guidance to a range of USD 165 million to USD 170 million. Previous guidance was USD 460 million of free cash flow.

Latest news about Aspen Technology

Aspen Technology Insider Sold Shares Worth $512,467, According to a Recent SEC Filing	24/05	MT
Berenberg Upgrades Aspen Technology to Buy From Hold, Raises Price Target to $255 From $185, Says Overhangs Have Been Removed	17/05	MT
Aspen Technology Reappoints Robert Whelan as Board Chair	15/05	MT
Baird Adjusts Price Target on Aspen Technology to $210 From $225, Keeps Outperform Rating	08/05	MT
Piper Sandler Cuts Price Target on Aspen Technology to $180 From $196, Keeps Neutral Rating	08/05	MT
Piper Sandler Adjusts Price Target on Aspen Technology to $180 From $196, Maintains Neutral Rating	08/05	MT
Aspen Technology Fiscal Q3 EPS, Revenue Increase; Fiscal 2024 Outlook Updated; Names New CFO	08/05	MT
Earnings Flash (AZPN) ASPEN TECHNOLOGY Posts Q3 Revenue $278.1M, vs. Street Est of $256.2M	08/05	MT
Earnings Flash (AZPN) ASPEN TECHNOLOGY Reports Q3 EPS $1.70, vs. Street Est of $1.57	08/05	MT
Baird Adjusts Price Target on Aspen Technology to $225 From $230, Maintains Outperform Rating	07/02	MT
Aspen Technology Fiscal Q2 Non-GAAP Net Income, Revenue Rise; Increases 2024 Net Income Guidance	07/02	MT
Earnings Flash (AZPN) ASPEN TECHNOLOGY Posts Q2 Revenue $257.2M, vs. Street Est of $266.6M	07/02	MT
Earnings Flash (AZPN) ASPEN TECHNOLOGY Posts Q2 EPS $1.37, vs. Street Est of $1.50	07/02	MT
Aspen Technology Aims Full Net-Zero Green House Gas Emissions by 2045	30/01	MT
Piper Sandler Raises Price Target on Aspen Technology to $196 From $180, Maintains Neutral Rating	09/01	MT
Loop Capital Upgrades Aspen Technology to Buy From Hold, Price Target is $213	01/12	MT
Baird Upgrades Aspen Technology to Outperform From Neutral, Boosts Price Target to $202 From $194	14/11	MT
Aspen Technology Expects to Utilize $185.8 Million Remaining Under Share Repurchase Authorization in Rest of Fiscal 2024	07/11	MT
Aspen Technology Repurchased 579,798 Shares for $114.2 Million During Fiscal Q1 Under $300 Million Buyback Authorization	07/11	MT
Aspen Technology Fiscal Q1 Non-GAAP Earnings, Revenue Decline; Shares Retreat After Hours	07/11	MT
Earnings Flash (AZPN) ASPEN TECHNOLOGY Posts Q1 Revenue $249.3M, vs. Street Est of $265.5M	07/11	MT
Earnings Flash (AZPN) ASPEN TECHNOLOGY Posts Q1 EPS $1.16, vs. Street Est of $1.44	07/11	MT
Aspen Technology Guides For FY 2024 EPS of at Least $6.57 on Revenue of $1.12 Billion, vs CIQ Analyst Consensus of $6.57/Share on Revenue of $1.14 Billion	07/11	MT
Sector Update: Tech Stocks Fall Late Afternoon	21/23/21	MT
Sector Update: Tech Stocks Easing Friday Afternoon	20/23/20	MT

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Company Profile

Aspen Technology, Inc. is a provider of integrated asset optimization software solutions. The Company offers asset optimization software that optimizes asset design, operations, and maintenance in complex industrial environments. The Company's segments include Subscription and Software, and Services and other. The subscription and software segment is engaged in the licensing of process optimization and asset performance management software solutions and associated support services. The services and other segment includes professional services and training. The Company's aspenONE solutions are organized into three suites: engineering; manufacturing and supply chain; and asset performance management (APM). Each product suite powers its artificial intelligence of things (AIoT) products as the foundation of industrial data. Its software applications are offered in three suites: aspenONE Engineering, aspenONE Manufacturing and Supply Chain, and aspenONE Asset Performance Management.

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