Aspen Technology, Inc. Provides Earnings Guidance for the Fiscal Year 2023
January 26, 2023 at 02:35 am IST
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Aspen Technology, Inc. provided earnings guidance for the fiscal year 2023. For the period, the company expects Total revenue of $1.14 to $1.20 billion, GAAP operating loss of $67 million to $15 million, GAAP net loss of $7.5 million to net income of $32.5 million and GAAP net loss per share of $0.11 to income per share of $0.49.
Aspen Technology, Inc. is an industrial software company. The Company develops solutions to address complex industrial environments where it is critical to optimize the asset design, operations and maintenance lifecycle. The Company combines modeling, simulation, and optimization capabilities with industrial operations expertise and applies advanced analytics to improve the profitability and sustainability of production assets. It operates through three segments: OSI, Inc., SSE and Heritage AspenTech. It offers products for asset performance management, manufacturing and supply chain, performance engineering, subsurface science & engineering and artificial intelligence of things hub (AIoT). Its products include Aspen Mtell, Aspen Fidelis, Aspen ProMV, Aspen Process Pulse, Aspen Unscrambler, Aspen DMC3, Aspen Virtual Advisor for DMC3, Aspen Enterprise IP.21 Historian, Aspen GDOT, Aspen Unified Reconciliation and Accounting, Aspen PIMS-AO and others.
ASPEN TECHNOLOGY, INC. 
