Aspen Technology Announces Financial Results for the Third Quarter of Fiscal 2023

Go back to Aspen Technology Announces Financial Results for the Third Quarter of Fiscal 2023

Aspen Technology (AZPN) plunges after big earnings, guidance miss

April 27, 2023 11:09 AM EDT

Aspen Technology (NASDAQ: AZPN) shares plunged 30% Thursday after missing quarterly profit estimates by $0.68 per share, with revenue also coming in below expectations.

After the close Wednesday, Bedford, Massachusetts-based AZPN, reported Q3 adjusted EPS of $1.06, well below the analyst consensus estimate of $1.74. Revenue... More