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Aspen Technology Inc - AZPN STOCK NEWS

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.
News

Emerson Reports Fourth Quarter and Full Year 2023 Results; Provides Initial 2024 Outlook

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Emerson (NYSE: EMR) reported strong results for Q4 and fiscal year 2023, with double-digit sales growth, robust adjusted earnings per share growth, and significant increases in operating cash flow and free cash flow. The company also declared a quarterly cash dividend of $0.525 per share of common stock.
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Aspen Technology Partners with OMV Group to Accelerate Progress Toward Net Zero Targets

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Aspen Technology announces an expanded partnership with OMV Group to accelerate OMV's energy transition initiatives and path to achieving net zero targets. The partnership will focus on renewables optimization, unlocking industrial data, and developing simplified integration across the supply chain.
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Aspen Technology Announces Financial Results for the First Quarter of Fiscal 2024

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Aspen Technology, Inc. (NASDAQ: AZPN) reported solid financial results for Q1 FY 2024, with double-digit ACV growth and strong demand across most markets. ACV was $897.6 million, increasing 10.9% YoY. Operating cash flow was $17.0 million, compared to $5.1 million in Q1 FY 2023. Total revenue was $249.3 million, with license and solutions revenue at $148.6 million, maintenance revenue at $85.0 million, and services and other revenue at $15.7 million. Loss from operations was $60.2 million. Non-GAAP income from operations was $77.8 million. Net loss was $34.5 million. AspenTech had cash and cash equivalents of $120.5 million as of September 30, 2023.
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Aspen Technology Announces CFO Transition

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Chantelle Breithaupt to step down as CFO of Aspen Technology, Christopher Stagno appointed as Interim CFO
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Aspen Technology Announces Date of First-Quarter Fiscal Year 2024 Financial Results Release, Conference Call and Webcast

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Aspen Technology to release Q1 FY2024 financial results on November 6, 2023
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Aspen Technology Helps Companies Address Generational Workforce Shifts with Industry Domain Training Program

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Aspen Technology, Inc. (NASDAQ:AZPN) introduces industry domain training program to address skills gaps in asset-intensive industries and onboard recently-graduated engineers. The comprehensive curriculum aims to build industry-specific competencies in roles such as process engineers, control engineers, reliability engineers, supply chain planners, and cost estimators. The program is designed to help companies navigate gaps in industry domain knowledge as specialized senior engineers retire and a new generation enters the workforce. The curriculum was developed in partnership with leading domain experts and has already been completed by more than 1000 users from 150+ companies globally.
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Aspen Technology to Present at the KeyBanc Technology Leadership Forum

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Aspen Technology, Inc. (NASDAQ:AZPN) to present at KeyBanc Technology Leadership Forum in Vail, CO on August 8, 2023. CFO Chantelle Breithaupt to speak at 12:00 p.m. ET. Webcast available on company's Investor Relations website.
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Emerson Reports Third Quarter 2023 Results; Updates 2023 Outlook

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Emerson reports strong Q3 results with significant growth in net sales and earnings. The company increases its full-year outlook for fiscal 2023. A quarterly cash dividend of $0.52 per share of common stock is declared. Emerson's President and CEO highlights the company's differentiated portfolio and strong performance. The company is well-positioned to capture customer investments in various areas. The fiscal year 2023 guidance framework is summarized, showing expected growth in net sales, earnings per share, and cash flow.
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Aspen Technology Announces Financial Results for the Fourth Quarter and Fiscal 2023

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AspenTech announces strong financial results for Q4 and fiscal year 2023, with double-digit ACV growth and increased annual spend. Board approves new $300 million share repurchase authorization. Q4 revenue increases compared to last year, but income from operations and net income decrease due to elevated amortization of intangible assets. AspenTech terminates share sale agreement to acquire Micromine. Provides guidance for fiscal year 2024.
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Aspen Technology Announces Date of Fourth-Quarter & Fiscal Year 2023 Financial Results Release, Conference Call and Webcast

Rhea-AI Summary
Aspen Technology, Inc. (AspenTech) (NASDAQ: AZPN) will release its Q4 and fiscal year 2023 financial results on August 1, 2023, followed by a conference call to discuss the results, business outlook, and related corporate and financial matters.
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FAQ

What is the current stock price of Aspen Technology (AZPN)?

The current stock price of Aspen Technology (AZPN) is $250.72 as of December 20, 2024.

What is the market cap of Aspen Technology (AZPN)?

The market cap of Aspen Technology (AZPN) is approximately 15.8B.

What does Aspen Technology, Inc. do?

Aspen Technology, Inc. develops software for asset performance, monitoring, management, and optimization solutions in capital-intensive industries.

When was Aspen Technology founded?

Aspen Technology was founded in 1981.

What significant change occurred for AspenTech in 2021?

In 2021, Emerson Electric acquired a 55% stake in AspenTech, including its Open Systems International and subsurface science and engineering businesses.

How many customers does AspenTech serve?

AspenTech serves more than 3,000 customers across 40 countries.

What industries benefit from AspenTech's solutions?

Industries such as chemicals, energy, pharmaceuticals, and mining benefit from AspenTech's optimization solutions.

What are some recent achievements of AspenTech?

Recent achievements include advancements in digital grid management through OSI and enhanced subsurface science capabilities via SSE.

How does AspenTech contribute to sustainability?

AspenTech's software solutions help industries improve operational efficiency and sustainability by optimizing asset performance.

What are the core functions optimized by AspenTech's software?

AspenTech's software optimizes engineering, manufacturing, supply chain, and asset management functions.

What recent financial performance updates are available for AspenTech?

Recent updates include Emerson reporting strong first and second-quarter results for fiscal year 2024.

How does AspenTech's partnership with Emerson benefit the company?

The partnership with Emerson has strengthened AspenTech's financial position and expanded its capabilities, enhancing its market leadership in asset optimization.

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Aspen Technology Inc

NYSE:AZPN

AZPN Rankings

#636 Ranked by Market Cap
N/A Ranked by Dividends

AZPN Stock Data

15.83B
26.77M
57.68%
48.58%
1.87%
Software - Application
Services-computer Programming Services
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United States of America
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