Recap: Aspen Technology Q2 Earnings

Aspen Technology AZPN reported its Q2 earnings results on Wednesday, January 26, 2022 at 04:05 PM.

Here's what investors need to know about the announcement.

Aspen Technology missed estimated earnings by 6.98%, reporting an EPS of $1.2 versus an estimate of $1.29, which did not surprise analysts.

Revenue was up $62.36 million from the same period last year.

Last quarter the company beat on EPS by $0.12, which was followed by a 3.17% increase in the share price the next day.

Here's a look at Aspen Technology's past performance:

Quarter	Q1 2022	Q4 2021	Q3 2021	Q2 2021
EPS Estimate	0.65	1.47	1.11	1.17
EPS Actual	0.77	1.53	1.05	2.04
Revenue Estimate	124.07M	208.14M	169.39M	174.71M
Revenue Actual	136.02M	197.96M	162.73M	233.72M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Aspen Technology management provided guidance for their next quarter, expecting earnings between $5.23 and $5.39 per share for the next quarter.

This represents a 342.5% in quarter-over-quarter growth for Aspen Technology, a bullish signal to many investors.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.