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Aspen Technology: Fiscal 4Q Earnings Snapshot

August 7, 2019

BEDFORD, Mass. (AP) _ Aspen Technology Inc. (AZPN) on Wednesday reported fiscal fourth-quarter net income of $103.9 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Bedford, Massachusetts-based company said it had profit of $1.49. Earnings, adjusted for one-time gains and costs, were $1.59 per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.08 per share.

The software maker posted revenue of $195.8 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $161.6 million.

For the year, the company reported profit of $262.7 million, or $3.71 per share. Revenue was reported as $598.3 million.

Aspen Technology expects full-year earnings in the range of $3.44 to $3.85 per share, with revenue in the range of $575 million to $615 million.

Aspen Technology shares have risen 52% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $125.07, a rise of 22% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AZPN at https://www.zacks.com/ap/AZPN

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