Aspen Technology: Q4 Earnings Insights

Shares of Aspen Technology AZPN rose 22.81% after the company reported Q4 results.

Quarterly Results

Earnings per share were down 3.14% year over year to $1.54, which beat the estimate of $1.17.

Revenue of $199,331,000 rose by 1.82% year over year, which beat the estimate of $176,570,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Aspen Technology hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: Aug 12, 2020

Time: 04:30 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/gcw3b7tm

Price Action

52-week high: $142.89

Company's 52-week low was at $73.07

Price action over last quarter: down 2.04%

Company Description

Aspen Technology is a leading global supplier of software solutions that optimize asset design, operations, and maintenance in complex industrial environments. The company's AspenOne software platform helps improve process-oriented plant efficiency, and thereby lower capital intensity, increase working capital efficiency, and improve margins. Aspen was founded in 1981 and serves more than 2,300 customers in 32 countries.