Recap: Aspen Technology Q2 Earnings

Shares of Aspen Technology AZPN rose in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share rose 209.09% year over year to $2.04, which beat the estimate of $1.17.

Revenue of $233,718,000 higher by 87.38% from the same period last year, which beat the estimate of $174,710,000.

Outlook

The upcoming fiscal year's EPS expected to be between $5.29 and $5.58.

The upcoming fiscal year's revenue expected to be between $731,000,000 and $760,000,000.

Details Of The Call

Date: Jan 27, 2021

Time: 04:30 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/uoyx7gvj

Technicals

Company's 52-week high was at $147.53

52-week low: $73.07

Price action over last quarter: Up 5.52%

Company Overview

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.