Aspen Technology (NASDAQ: AZPN) reported Q4 EPS of $0.73, $0.29 better than the analyst estimate of $0.44. Revenue for the quarter came in at $123.7 million versus the consensus estimate of $119.44 million.

Summary of Fourth Quarter Fiscal Year 2017 Financial Results

AspenTech’s total revenue of $123.7 million increased 8.8% from $113.7 million in the fourth quarter of the prior fiscal year.

• Subscription and software revenue was $115.4 million in the fourth quarter of fiscal 2017, an increase from $106.7 million in the fourth quarter of fiscal 2016.
• Services and other revenue was $8.2 million in the fourth quarter of fiscal 2017, an increase from $7.0 million in the fourth quarter of fiscal 2016.

For the quarter ended June 30, 2017, AspenTech reported income from operations of $48.9 million, compared to income from operations of $49.0 million for the quarter ended June 30, 2016.

Net income was $54.4 million for the quarter ended June 30, 2017, leading to net income per share of $0.73, compared to net income per share of $0.41 in the same period last fiscal year.

Non-GAAP income from operations, which adds back stock-based compensation expense, amortization of intangibles associated with acquisitions, acquisition-related costs and non-capitalized acquired technology, was $57.0 million for the fourth quarter of fiscal 2017, compared to non-GAAP income from operations of $52.4 million in the same period last fiscal year. Non-GAAP net income was $59.1 million, or $0.79 per share, for the fourth quarter of fiscal 2017, compared to non-GAAP net income of $35.5 million, or $0.44 per share, in the same period last fiscal year.

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