Aspen Technology Inc Stock Price, News & Analysis

Aspen Technology (NASDAQ:AZPN), a leader in asset optimization software, announced that CEO Antonio Pietri and CFO Chantelle Breithaupt will present at the William Blair Growth Conference on June 1 at 1:00 p.m. ET. The presentation will be available via a live webcast on the company's Investor Relations webpage.

AspenTech specializes in optimizing the asset lifecycle in complex industrial environments, leveraging artificial intelligence to enhance operational efficiency and sustainability.

Aspen Technology (NASDAQ:AZPN) has partnered with Shell Catalysts & Technologies to implement Aspen Schedule Explorer in multiple plants across North America and Europe. This software enhances supply chain management by improving coordination and real-time visibility of production schedules. After a successful pilot at the Ghent facility, the deployment aims to optimize operations and adapt to changing conditions. Senior executives emphasize the importance of visibility and collaboration for operational excellence in today’s dynamic manufacturing environments.

Aspen Technology, a leader in asset optimization software, announced that CEO Antonio Pietri and CFO Chantelle Breithaupt will present at the J.P. Morgan Global Technology, Media and Communications Conference on May 25 at 8:45 a.m. ET. The presentation will be accessible via a live webcast on the company's Investor Relations page. AspenTech specializes in optimizing asset design and lifecycle management in capital-intensive industries, leveraging AI to enhance performance and sustainability. For more information, visit AspenTech.com.

Aspen Technology (NASDAQ: AZPN) has partnered with Larsen & Toubro Infotech (LTI) to provide AspenTech solutions via LTI's managed cloud services. This collaboration aims to accelerate digital transformation within capital-intensive industries. Key offerings include Aspen HYSYS® and Aspen Plus® alongside Aspen Unified™ and Aspen PIMS-AO™. The partnership emphasizes enhanced operational agility for customers, leveraging cloud infrastructure for better decision-making and innovation speed.

Aspen Technology, Inc. (AZPN) reported third quarter fiscal 2021 results demonstrating strong performance despite challenges from global uncertainty and disruptions in the energy sector. Total revenue reached $162.7 million, driven by a significant increase in license revenue to $110.1 million, compared to $78.2 million last year. Net income was $62.5 million, or $0.91 per share, up from $0.61 in the prior year. Annual spend grew 6% year-over-year to $609.9 million. The company forecasts fiscal 2021 revenues between $705 million and $729 million, with free cash flow projected at $265 to $275 million.

Aspen Technology (NASDAQ:AZPN) has appointed Jill D. Smith to its Board of Directors. With over 20 years of international business leadership, Smith previously served as President and COO of Allied Minds plc and held executive roles at DigitalGlobe Inc., eDial, and SRDS. Smith’s experience spans several sectors, adding diverse insights to AspenTech. CEO Antonio Pietri expressed confidence that she will guide the company through its next phase of growth and innovation. Smith holds a M.Sc. in Management from MIT Sloan and serves on multiple boards in the technology sector.

Aspen Technology (NASDAQ:AZPN) has announced that it will release its third-quarter fiscal 2021 financial results on April 28, 2021, after U.S. market close. A conference call and webcast will follow at 4:30 p.m. ET the same day to discuss these results and the company's business outlook. Interested parties can access the live presentation via the company’s Investor Relations website. The results will cover performance metrics from the period ending March 31, 2021, aiming to provide stakeholders insights into AspenTech's financial health and future direction.

Aspen Technology (NASDAQ:AZPN) announced the keynote panel for the virtual OPTIMIZE™ 2021 conference, scheduled for May 18-20, 2021. The event focuses on industrial AI and sustainability, featuring industry leaders discussing digital transformation in capital-intensive sectors. Notable speakers include representatives from McKinsey, Philips 66, and SABIC. CEO Antonio Pietri emphasized the opportunity for customers to connect and share experiences during the pandemic. The conference is free for attendees, enhancing global participation.