Aspen Technology (AZPN) Tops Q3 EPS by 24c, Beats on Revenue; Offers FY24 Guidance

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Go back to Aspen Technology (AZPN) Tops Q3 EPS by 24c, Beats on Revenue; Offers FY24 Guidance

Aspen Technology Announces Financial Results for the Third Quarter of Fiscal 2024

May 7, 2024 4:05 PM EDT

BEDFORD, Mass.--(BUSINESS WIRE)-- Aspen Technology, Inc. (AspenTech) (NASDAQ: AZPN), a global leader in industrial software, today announced financial results for its third quarter in fiscal 2024, ended March 31, 2024.

Antonio Pietri, President and Chief Executive Officer of AspenTech, commented, Our third quarter performance and updated outlook for fiscal 2024 reflects the more cautious customer buying behavior we experienced at the start of the new calendar year. While this dynamic is expected to weigh on ACV growth in the near-term, the continued health and expansion of our pipeline gives us confidence in the underlying growth opportunity... More