Aspen Technology Inc - AZPN STOCK NEWS

Aspen Technology (NASDAQ:AZPN) has announced that CEO Antonio Pietri will present at the Nasdaq Investor Conference on November 30 at 9:30 a.m. ET. The presentation will be available via live webcast on the company's Investor Relations website.

AspenTech is recognized as a leader in asset optimization software, focusing on helping companies in capital-intensive industries enhance uptime and performance.

Aspen Technology, Inc. (NASDAQ: AZPN) reported strong financial results for Q1 fiscal 2022, ending September 30, 2021. Total revenue reached $136 million, a significant increase from $128.2 million in Q1 fiscal 2021. License revenue surged to $81.1 million, up from $61.9 million year-over-year. The company anticipates 5-7% annual spend growth for fiscal 2022, with total revenue guidance between $702-$737 million. Notably, AspenTech's partnership with Emerson Electric (NYSE: EMR) is expected to enhance its market position.

Trax has appointed Karl Johnsen as its new CFO and Debbie Simpson as its first independent board member. Johnsen, previously CFO at AspenTech (NASDAQ: AZPN), brings extensive experience in financial leadership, emphasizing growth and operational efficiency. Simpson, with nearly 20 years at Boston Consulting Group, will chair the audit committee. These leadership changes aim to enhance corporate governance and internal controls as Trax prepares for future growth initiatives.

Aspen Technology, Inc. (NASDAQ:AZPN) will announce its financial results for the first quarter of fiscal 2022, ending September 30, 2021, post-market on October 27, 2021. A conference call is scheduled for the same day at 4:30 p.m. ET to discuss results and business outlook. Investors can access the call via a dedicated dial-in number or a live webcast on AspenTech's Investor Relations website. The archived replay will be available until November 3, 2021. AspenTech focuses on asset optimization software for capital-intensive industries.

Emerson and AspenTech have agreed to a strategic transaction where Emerson will acquire a 55% stake in a new AspenTech by contributing its industrial software businesses and $6 billion in cash. AspenTech shareholders will receive about $87 per share in cash plus 0.42 shares in the new company, totaling approximately $160 per share. The deal aims to enhance Emerson's industrial software strategy and facilitate double-digit growth, with pro forma revenues estimated at $1.1 billion for FY22. The transaction is projected to close in Q2 2022, subject to approvals.

Aspen Technology (NASDAQ:AZPN) announced that Evolution Mining, an Australian gold miner, has implemented Aspen Mtell software at its Mungari Gold Operations. This deployment aims to mitigate unplanned downtime and enhance productivity by utilizing predictive maintenance. The software analyzes operational data to foresee failures and suggest corrective actions. Greg Walker, General Manager of Mungari, noted that the technology would further boost productivity after their successful Data Enabled Business Improvement program. Aspen's focus on asset performance management aligns with Evolution's strategy for improved productivity and cost reduction.

Aspen Technology (AZPN) announced its Q4 and fiscal year 2021 results, reporting total revenue of $198 million, with a net income of $95.4 million and earnings per share of $1.39. Annual spend rose 4.8% to $621 million. For the fiscal year, total revenue reached $709.4 million, an 18.5% increase year-over-year. The company generated $277.5 million in free cash flow. Looking ahead to fiscal 2022, AspenTech projects revenue between $702 million and $737 million and free cash flow of $275 to $285 million, indicating a stable growth outlook.

Aspen Technology (NASDAQ: AZPN) has announced the election of Jill D. Smith as the new board chair, succeeding Robert M. Whelan, Jr. Ms. Smith, who joined the board in April 2021, brings over 20 years of international business leadership experience. She will also join the Nominating and Corporate Governance Committee. CEO Antonio Pietri expressed confidence in Smith's capabilities, highlighting the company's mission to meet customer needs while pursuing sustainability goals. AspenTech specializes in asset optimization software, integrating process modeling with artificial intelligence to enhance industrial operations.