Aspen Technology (AZPN) Tops Q4 EPS by 37c; Guides Higher

Aspen Technology (NASDAQ: AZPN) reported Q4 EPS of $1.54, $0.37 better than the analyst estimate of $1.17. Revenue for the quarter came in at $199.3 million versus the consensus estimate of $176.57 million.

“AspenTech delivered solid fourth quarter results that exceeded expectations in the midst of unprecedented economic conditions,” said Antonio Pietri, President and Chief Executive Officer of Aspen Technology. “Customers in our core markets continued to make significant investments in AspenTech products despite the challenges facing their own businesses. Companies in the process and other capital intensive industries increasingly recognize that investing in digitalization initiatives is essential to long-term financial and operational success and we believe we are well-positioned to benefit from this trend.”

Pietri continued, “We are furthering our commitment to our customers through today’s announcement of the new AIoT Hub and our investment in the next generation of hybrid modeling software capabilities, planned for release in the coming months. We intend to introduce contextual artificial intelligence into our core products to enable better informed and more accurate decisions to improve the operating performance of assets. We are confident that these innovations will further extend the value AspenTech delivers for its customers.”

GUIDANCE:

Aspen Technology sees FY2021 EPS of $4.78-$5.32, versus the consensus of $3.64. Aspen Technology sees FY2021 revenue of $704-754 million, versus the consensus of $600.43 million.

For earnings history and earnings-related data on Aspen Technology (AZPN) click here.

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