Aspen Technology (AZPN) Beats On Q2 Earnings, Ups '19 View
Zacks Investment Research | Jan 23, 2019 11:57PM ET
Aspen Technology (NASDAQ:AZPN) delivered second-quarter fiscal 2019 non-GAAP earnings of 92 cents per share, outpacing the Zacks Consensus Estimate by 26 cents. However, the figure declined from the year-ago adjusted figure of $1.88.
Revenues of $140.4 million surged 33.1% from the corresponding adjusted year-ago figure. The Zacks Consensus Estimate was pegged at $120 million. The increase can be attributed to improvement in year-over-year bookings.
Notably, bookings came in at $250.9 million on a year-to-date basis, representing year-over-year growth of 19%.
Moreover, the company’s Asset Performance Management (“APM”) suite delivered its strongest performance to date. Moreover, ongoing momentum in Manufacturing & Supply Chain (“MSC”) suite and strength in Engineering suite of solutions drove year-over-year revenue growth.
Coming to the price performance, shares of Aspen Technology have returned 17.9% in the past year, outperforming the Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.