Last $38.60 USD
Change Today -0.25 / -0.64%
Volume 538.7K
AZPN On Other Exchanges
Symbol
Exchange
Berlin
As of 5:20 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

aspen technology inc (AZPN) Snapshot

Open
$38.78
Previous Close
$38.85
Day High
$39.09
Day Low
$38.58
52 Week High
03/7/14 - $48.39
52 Week Low
10/29/14 - $31.57
Market Cap
3.4B
Average Volume 10 Days
803.6K
EPS TTM
$1.17
Shares Outstanding
88.2M
EX-Date
--
P/E TM
33.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for ASPEN TECHNOLOGY INC (AZPN)

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aspen technology inc (AZPN) Details

Aspen Technology, Inc. provides process optimization software solutions to manage and optimize plant and process design, operational performance, and supply chain planning in the United States, Europe, and internationally. The company operates in two segments, Subscription and Software, and Services. It offers aspenONE engineering software products, including Aspen HYSYS process modeling software to design and optimize hydrocarbon processes; Aspen Plus process modeling software to design and optimize chemical processes; Aspen Economic Evaluation software for the estimation of project capital costs and lifecycle assets; Aspen Exchanger Design and Rating software for the design, simulation, and rating of various types of heat exchangers; and Aspen Basic Engineering, a process engineering platform for producing front-end design deliverables, such as multi-disciplinary datasheets, PFDs, P&IDs, and equipment lists. The company also provides aspenONE manufacturing software products comprising Aspen DMCplus, a multi-variable controller software for maintaining processes at their optimal operating point; and Aspen InfoPlus.21, a data historian software for storing, visualizing, and analyzing of data. In addition, it offers aspenONE supply chain software products consisting of Aspen PIMS, Aspen Petroleum Scheduler, Aspen Petroleum Supply Chain Planner, Aspen Collaborative Demand Manager, Aspen Fleet Optimizer, Aspen Supply Planner, and Aspen Plant Scheduler, which enable process manufacturers to reduce inventory levels, enhance asset efficiency, and optimize supply chain operations. Further, the company provides software maintenance and support, professional, and training services. It serves customers in the process industries, including energy, chemicals, engineering, and construction, as well as consumer packaged goods, power, metals and mining, pulp and paper, pharmaceuticals, and biofuels. The company was founded in 1981 and is headquartered in Burlington, Massachusetts.

1,344 Employees
Last Reported Date: 08/13/14
Founded in 1981

aspen technology inc (AZPN) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $500.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $370.0K
Executive Vice President of Products
Total Annual Compensation: $348.0K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $330.0K
Compensation as of Fiscal Year 2014.

aspen technology inc (AZPN) Key Developments

Aspen Technology, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2014; Provides Earnings Guidance for the Third Quarter of Fiscal Year 2015; Revises Earnings Guidance for the Full Year of 2015

Aspen Technology, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended December 31, 2014. For the quarter, the company reported total revenue of $107,790,000 compared to $98,769,000 a year ago. Income from operations was $46,521,000 compared to $36,112,000 a year ago. Income before provision for income taxes was $46,401,000 compared to $35,880,000 a year ago. Net income was $30,464,000 compared to $23,263,000 a year ago. Diluted and basic net income per share was $0.34 compared to $0.25 a year ago. Net cash provided by operating activities were $33,832,000 compared to $46,343,000 a year ago. Purchase of property, equipment and leasehold improvements were $1,437,000 compared to $809,000 a year ago. Non-GAAP income from operations was $50,207,000 compared to $39,494,000 a year ago. Non-GAAP net income was $32,823,000 compared to $25,427,000 a year ago. Non-GAAP diluted income per share was $0.36 compared to $0.27 a year ago. Non-GAAP cash flows from operating activities was $41,444,000 against $46,385,000 a year ago. Capital expenditures totaled approximately $1.4 million in the second quarter, of which $1.3 million was related to the build-out of new headquarters. For the six months, the company reported total revenue of $214,916,000 compared to $186,334,000 a year ago. Income from operations was $91,155,000 compared to $60,961,000 a year ago. Income before provision for income taxes was $91,356,000 compared to $60,294,000 a year ago. Net income was $59,432,000 compared to $38,262,000 a year ago. Diluted net income per share was $0.65 compared to $0.41 a year ago. Net cash provided by operating activities were $73,775,000 compared to $72,256,000 a year ago. Purchase of property, equipment and leasehold improvements were $4,328,000 compared to $1,724,000 a year ago. Non-GAAP income from operations was $99,269,000 compared to $68,976,000 a year ago. Non-GAAP net income was $64,625,000 compared to $43,392,000 a year ago. Non-GAAP diluted income per share was $0.71 compared to $0.46 a year ago. Non-GAAP cash flows from operating activities was $81,459,000 against $72,339,000 a year ago. The company provided earnings guidance for the third quarter of fiscal year 2015. For the quarter, the company expects revenue in the range of $107 million to $109 million, non-GAAP operating income of $42 million to $44 million and non-GAAP EPS of $0.30 to $0.31. On a GAAP basis, the company expects third quarter operating income of $38 million to $40 million and EPS of $0.27 to $0.29. The company currently expects to spend additional capital expenditures of $3.4 million on new headquarters in the third quarter, which is in line with its $8 million full-year forecast. Turning to the full year, the company adjusted revenue guidance to $434 million to $440 million from its previous guidance of $432 million to $440 million. Taken together, the company expects GAAP operating income in the range of $167 million to $173 million, net income in the range of $107 million to $111 million and GAAP EPS of $1.18 to $1.23. This is up from its previous guidance of GAAP operating income of $159 million to $167 million, net income of approximately $102 million to $107 million and GAAP EPS of $1.11 to $1.17. From a non-GAAP perspective, the company now expects non-GAAP operating income in the range of $182 million to $188 million, which is up from its previous guidance of $175 million to $183 million for full year fiscal 2015. This would lead to non-GAAP earnings per share in the range of $1.29 to $1.33, which is an increase from its previous guidance of $1.22 to $1.27 for the fiscal year. From a cash flow perspective, the company reiterated fiscal 2015 guidance of approximately $215 million of free cash flow. Consistent with prior years, the company expects free cash flow to be weighted to the back half of the fiscal year with the third quarter being the contributor to free cash flow. This is due to the timing of when its invoice customers and their payments become due.

Aspen Technology, Inc. to Report Q2, 2015 Results on Jan 28, 2015

Aspen Technology, Inc. announced that they will report Q2, 2015 results at 4:30 PM, US Eastern Standard Time on Jan 28, 2015

Aspen Technology, Inc., Q2 2015 Earnings Call, Jan 28, 2015

Aspen Technology, Inc., Q2 2015 Earnings Call, Jan 28, 2015

 

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Industry Analysis

AZPN

Industry Average

Valuation AZPN Industry Range
Price/Earnings 33.9x
Price/Sales 8.4x
Price/Book 92.8x
Price/Cash Flow 32.5x
TEV/Sales 7.7x
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