Aspen Technology (AZPN) Tops Q3 EPS by 6c

Aspen Technology (NASDAQ: AZPN) reported Q3 EPS of $0.37, $0.06 better than the analyst estimate of $0.31. Revenue for the quarter came in at $111.3 million versus the consensus estimate of $108.47 million.

“AspenTech delivered strong third quarter financial results that exceeded our guidance across all key metrics. Total license contract value grew 13.2% year-over-year in the third quarter, which underscores the continued need of customers to improve the efficiency of their operations,” said Antonio Pietri, President and Chief Executive Officer of AspenTech.

Pietri added, “Our disciplined approach to expense management is driving strong profit margins and cash flow generation, which provided the flexibility to repurchase approximately $108 million of our common stock. We believe the combination of continued top and bottom line growth and returning capital to shareholders can generate long-term value.”

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

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