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

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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