Welcome to our dedicated page for Aspen Technology news (Ticker: AZPN), a resource for investors and traders seeking the latest updates and insights on Aspen Technology stock.
Aspen Technology, Inc. (symbol: AZPN) is a global leader in asset optimization software, providing solutions that enhance the performance, monitoring, management, and optimization of assets in capital-intensive industries. Founded in 1981, AspenTech's heritage business focuses on optimizing engineering, manufacturing, supply chain, and asset management functions. The company's cutting-edge solutions empower clients to design, operate, and maintain their operations, achieving goals in profitability, safety, and sustainability.
In 2021, AspenTech underwent a significant transformation when Emerson Electric acquired a 55% stake in the company through a $6 billion transaction, which included Emerson's Open Systems International (OSI) and subsurface science and engineering (SSE) businesses. This merger created a new AspenTech, combining the capabilities of the heritage Aspen, OSI, and SSE to serve over 3,000 customers across 40 countries.
Today, AspenTech continues to innovate and expand its product offerings, helping industries ranging from chemicals and energy to pharmaceuticals and mining. The company's software solutions are specifically designed to optimize asset performance, improve operational efficiency, and enhance sustainability efforts. With a strong financial foundation and strategic partnerships, AspenTech is well-positioned to continue leading the market in asset optimization.
Recent achievements include notable advancements in digital grid management through OSI and enhanced capabilities in subsurface science via SSE. These developments align with AspenTech's commitment to providing comprehensive solutions that address the evolving needs of modern industries. The company's ongoing projects and initiatives reflect its dedication to driving growth and delivering value to its customers and shareholders.
Latest News:
- ST. LOUIS, Feb. 7, 2024 — Emerson reported first-quarter results for the fiscal year 2024, highlighting exceptional performance in key financial metrics.
- ST. LOUIS, May 8, 2024 — Emerson announced second-quarter results for the fiscal year 2024, showcasing continued sales growth and margin expansion.
Aspen Technology, a leader in asset optimization software, will release financial results for Q4 and fiscal 2021 on August 11, 2021, after market close. The company will conduct a conference call and webcast at 4:30 p.m. ET on the same day to discuss these results and provide an outlook. The call can be accessed via phone or through the Investor Relations section of AspenTech's website. The company focuses on optimizing asset design and performance in capital-intensive industries, leveraging AI to enhance operational efficiency.
Aspen Technology, Inc. (NASDAQ: AZPN) announced a new share repurchase program allowing buybacks of up to $300 million in Fiscal Year 2022. Key details include an accelerated share repurchase (ASR) agreement with JPMorgan for $150 million, effective July 1, 2021. The final settlement for the ASR is expected in Q1 FY 2022. AspenTech also plans to repurchase up to $50 million of stock under its previous program by June 30, 2021. This initiative underscores AspenTech's commitment to enhancing shareholder value.
Aspen Technology (NASDAQ:AZPN) announced that CEO Antonio Pietri and CFO Chantelle Breithaupt will present at the Baird Global Consumer, Technology & Services Conference on June 8 at 8:30 a.m. ET. The presentation will be available via live webcast on the company’s Investor Relations website. AspenTech specializes in asset optimization software, leveraging AI and process modeling to enhance industrial operations. Their solutions aim to improve asset lifecycle performance, enabling industries to operate more efficiently and sustainably.
Aspen Technology (NASDAQ:AZPN), a leader in asset optimization software, announced that CEO Antonio Pietri and CFO Chantelle Breithaupt will present at the William Blair Growth Conference on June 1 at 1:00 p.m. ET. The presentation will be available via a live webcast on the company's Investor Relations webpage.
AspenTech specializes in optimizing the asset lifecycle in complex industrial environments, leveraging artificial intelligence to enhance operational efficiency and sustainability.
Aspen Technology (NASDAQ:AZPN) has partnered with Shell Catalysts & Technologies to implement Aspen Schedule Explorer in multiple plants across North America and Europe. This software enhances supply chain management by improving coordination and real-time visibility of production schedules. After a successful pilot at the Ghent facility, the deployment aims to optimize operations and adapt to changing conditions. Senior executives emphasize the importance of visibility and collaboration for operational excellence in today’s dynamic manufacturing environments.
Aspen Technology, a leader in asset optimization software, announced that CEO Antonio Pietri and CFO Chantelle Breithaupt will present at the J.P. Morgan Global Technology, Media and Communications Conference on May 25 at 8:45 a.m. ET. The presentation will be accessible via a live webcast on the company's Investor Relations page. AspenTech specializes in optimizing asset design and lifecycle management in capital-intensive industries, leveraging AI to enhance performance and sustainability. For more information, visit AspenTech.com.
Aspen Technology (NASDAQ: AZPN) has partnered with Larsen & Toubro Infotech (LTI) to provide AspenTech solutions via LTI's managed cloud services. This collaboration aims to accelerate digital transformation within capital-intensive industries. Key offerings include Aspen HYSYS® and Aspen Plus® alongside Aspen Unified™ and Aspen PIMS-AO™. The partnership emphasizes enhanced operational agility for customers, leveraging cloud infrastructure for better decision-making and innovation speed.
Aspen Technology, Inc. (AZPN) reported third quarter fiscal 2021 results demonstrating strong performance despite challenges from global uncertainty and disruptions in the energy sector. Total revenue reached $162.7 million, driven by a significant increase in license revenue to $110.1 million, compared to $78.2 million last year. Net income was $62.5 million, or $0.91 per share, up from $0.61 in the prior year. Annual spend grew 6% year-over-year to $609.9 million. The company forecasts fiscal 2021 revenues between $705 million and $729 million, with free cash flow projected at $265 to $275 million.
Aspen Technology (NASDAQ:AZPN) has appointed Jill D. Smith to its Board of Directors. With over 20 years of international business leadership, Smith previously served as President and COO of Allied Minds plc and held executive roles at DigitalGlobe Inc., eDial, and SRDS. Smith’s experience spans several sectors, adding diverse insights to AspenTech. CEO Antonio Pietri expressed confidence that she will guide the company through its next phase of growth and innovation. Smith holds a M.Sc. in Management from MIT Sloan and serves on multiple boards in the technology sector.
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