Aspen Technology Inc - AZPN STOCK NEWS

Aspen Technology, Inc. (NASDAQ: AZPN) reported strong financial results for Q1 fiscal 2023, with total revenue of $250.8 million, a significant increase driven by license revenues of $160.2 million and maintenance revenues of $78.4 million. Annual contract value reached $810 million, a 7.7% year-over-year rise. Despite a net loss of $11.2 million, the company showed positive non-GAAP income of $142 million. For FY 2023, AspenTech projects ACV growth of 10.5-13.5% and free cash flow between $347-$362 million, excluding contributions from the pending Micromine acquisition.

Emerson (NYSE: EMR) has announced the evolution of its Plantweb™ digital ecosystem, integrating AspenTech's (NASDAQ: AZPN) asset optimization software. This collaboration aims to enhance industrial automation by enabling manufacturers to optimize operations through advanced software and AI technologies. Emerson's Plantweb ecosystem provides tools for sensing, decision-making, and controlling plant operations, helping companies achieve greater sustainability and productivity. This development positions Emerson as a leader in the industrial digital transformation landscape.

Aspen Technology (NASDAQ: AZPN) has acquired inmation Software GmbH, a leader in industrial real-time information management. This acquisition enhances AspenTech's capability to integrate and manage industrial data, targeting capital-intensive industries and enabling them to meet profitability and sustainability objectives. The unique combination of inmation's technology with AspenTech's existing software solutions is expected to create an unparalleled enterprise-wide data infrastructure, facilitating digital transformation for customers.

Aspen Technology, Inc. (NASDAQ: AZPN) plans to release its financial results for Q1 fiscal 2023, which ended on September 30, 2022, on October 26, 2022, after U.S. market close. The company will host a conference call and webcast at 4:30 p.m. ET on the same day to discuss results and business outlook. The live webcast can be accessed on AspenTech's Investor Relations website. AspenTech is recognized as a global leader in industrial software, focusing on helping industries meet growing resource demands sustainably.

Aspen Technology, Inc. (NASDAQ:AZPN) has been recognized as a Leader in the 2022 Verdantix Green Quadrant®: Asset Performance Management Solutions report. The report highlights AspenTech's APM suite for its excellence in asset health monitoring, failure prediction, and performance optimization. AspenTech aims to enhance operational efficiencies and support sustainability goals through its suite that combines machine learning with predictive analytics. Customers benefit from actionable insights, reducing costs and environmental impact while improving asset life cycles.

Aspen Technology, Inc. (NASDAQ: AZPN) announced that CEO Antonio Pietri and CFO Chantelle Breithaupt will present at the Piper Sandler Growth Frontiers Conference in Nashville, TN, on September 13, 2022, at 3:30 p.m. CT. The presentation will be available via live webcast for a limited time on the company's Investor Relations website. AspenTech provides solutions for optimizing the lifecycle of capital-intensive assets, focusing on sustainable and profitable resource management for industries grappling with growing demands.

Aspen Technology (NASDAQ:AZPN) announces a collaboration with ACME Group, a leading renewable energy company in India, to implement its Performance Engineering software at ACME's inaugural green hydrogen and ammonia pilot plant in Bikaner, Rajasthan. The plant will produce green hydrogen with a capacity of 5MWp, scalable to 10MWp, aiming to reduce CO₂ emissions by up to 4,400 tons annually. This partnership highlights AspenTech's strong modeling capabilities and commitment to sustainability in response to growing resource demands.

Aspen Technology (NASDAQ: AZPN) has partnered with Birla Carbon to enhance its deployment of AspenTech software across nine global sites. This collaboration aims to improve safety, efficiency, and sustainability in Birla Carbon's manufacturing operations, which span 12 countries and produce over 2 million tons annually. The integration of Aspen InfoPlus.21® and aspenONE® Process Explorer™ will facilitate better enterprise visibility and support Birla Carbon in achieving its operational goals.

Aspen Technology, Inc. (NASDAQ: AZPN) announced a significant partnership with JG Summit Olefins Corporation, the largest petrochemicals company in the Philippines. This collaboration aims to enhance operational efficiency through the deployment of Aspen Unified PIMS™, which is expected to optimize feedstock selection at the crackers. This initiative supports JGSOC’s objective of operational excellence and is seen as a crucial step in diversifying the local petrochemical industry. The partnership is also intended to address industry challenges such as skills shortages.