Aspen Technology: Fiscal 4Q Earnings Snapshot
Aug. 08, 2018
BEDFORD, Mass. (AP) _ Aspen Technology Inc. (AZPN) on Wednesday reported fiscal fourth-quarter net income of $38 million.
On a per-share basis, the Bedford, Massachusetts-based company said it had profit of 53 cents. Earnings, adjusted for one-time gains and costs, were 59 cents per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share.
The software maker posted revenue of $126 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $125.5 million.
For the year, the company reported profit of $148.7 million, or $2.04 per share. Revenue was reported as $499.5 million.
Aspen Technology shares have increased 55 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $102.71, an increase of 80 percent in the last 12 months.