Aspen Technology, Inc. Reports Earnings Results for the First Quarter Ended September 30, 2023
November 07, 2023 at 02:44 am IST
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Aspen Technology, Inc. reported earnings results for the first quarter ended September 30, 2023. For the first quarter, the company reported revenue was USD 249.31 million compared to USD 250.82 million a year ago. Net loss was USD 34.53 million compared to USD 11.24 million a year ago.
Basic loss per share from continuing operations was USD 0.54 compared to USD 0.17 a year ago. Diluted loss per share from continuing operations was USD 0.54 compared to USD 0.17 a year ago.
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.