Aspen Technology (AZPN) Tops Q2 EPS by 9c

Aspen Technology (NASDAQ: AZPN) reported Q2 EPS of $0.59, $0.09 better than the analyst estimate of $0.50. Revenue for the quarter came in at $124.9 million versus the consensus estimate of $121.81 million.

“AspenTech delivered solid second quarter fiscal 2018 financial results that exceeded our expectations from both a revenue and profitability perspective. We saw positive performance from owner-operator customers and growth from our Engineering and Manufacturing/Supply Chain suites,” said Antonio Pietri, President and Chief Executive Officer of AspenTech.

Pietri continued, “In addition, our APM business saw continued traction for each solution in the product suite. Our second quarter results have validated our belief that APM is a large opportunity that can greatly increase the value we deliver to our customers over time.”

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

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