Aspen Technology (AZPN) Tops Q1 EPS by 5c
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Aspen Technology Announces Financial Results for the First Quarter of Fiscal 2016
October 29, 2015 4:05 PM EDTBEDFORD, Mass.--(BUSINESS WIRE)-- Aspen Technology, Inc. (NASDAQ: AZPN), a leading provider of software and services to the process industries, today announced financial results for its first quarter of fiscal year 2016, ended September 30, 2015.
Antonio Pietri, President and Chief Executive Officer of AspenTech, said, AspenTech delivered solid first quarter results highlighted by 50% non-GAAP operating margin and 10% year-over-year annual spend growth. Our first quarter performance reflects the strength of our business model, including long-term contracts, positive demand trends from owner-operator customers and continued best-in-class profitability, despite a challenging macro environment.
Pietri added, We remain... More
