Aspen Technology Earnings: Here’s Why Investors are Buying Shares Now
Aspen Technology Inc. (NASDAQ:AZPN) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 15.46%.
Aspen Technology Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.24 in the quarter versus EPS of $-0.04 in the year-earlier quarter.
Revenue: Rose 30.12% to $83.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Aspen Technology Inc. reported adjusted EPS income of $0.24 per share. By that measure, the company beat the mean analyst estimate of $0.08. It beat the average revenue estimate of $78.79 million.
Quoting Management: Mark Fusco, Chief Executive Officer of AspenTech, said, “The fourth quarter completed another very strong year for AspenTech. The company outperformed on each of its key financial metrics during fiscal 2013, highlighted by 13% total license contract value growth, 43% free cash flow growth, and better than expected profitability. We are seeing continued customer interest in our aspenONE® subscription software offering, and believe we have a significant opportunity to increase the product penetration rate and usage levels among our large base of blue chip customers.”
Key Stats (on next page)…