JPMorgan Resumes Aspen Technology (AZPN) at Underweight

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Go back to JPMorgan Resumes Aspen Technology (AZPN) at Underweight

Aspen Technology Announces Financial Results for the Third Quarter of Fiscal 2016

April 28, 2016 4:11 PM EDT

BEDFORD, 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 third quarter of fiscal year 2016, ended March 31, 2016.

Antonio Pietri, President and Chief Executive Officer of AspenTech, said, AspenTech delivered third quarter results that exceeded expectations on both the top and bottom line, highlighted by a 50% non-GAAP operating margin. Although certain market and geographic segments continue to be challenging, overall we believe we remain well positioned to deliver a year of positive growth in the current environment.... More