Aspen Technology Inc Stock Price, News & Analysis

Aspen Technology, a leader in asset optimization software, will have CEO Antonio Pietri present at the Bank of America Global Industrials Conference on March 16 at 11:40 a.m. ET. The presentation will be available via live webcast on the company’s Investor Relations website. AspenTech specializes in optimizing the asset lifecycle in capital-intensive industries through advanced software solutions that combine process modeling and artificial intelligence, enhancing performance and sustainability.

Aspen Technology (NASDAQ:AZPN) has appointed Karen Golz to its Board of Directors. Golz, a retired partner from Ernst & Young, brings 40 years of experience in accounting and audit, including her role as Global Vice Chair for Japan. Her expertise in international regulatory matters is expected to support AspenTech's growth and innovation strategies. CEO Antonio Pietri highlighted Golz's credibility and trust as vital assets for the company’s future. Golz is also involved with Analog Devices and Osteon Holdings and holds a degree in Accountancy from the University of Illinois.

Aspen Technology (NASDAQ:AZPN), a leader in asset optimization software, announced that CEO Antonio Pietri and CFO Karl Johnsen will present at the Berenberg Design Software Conference on March 11 at 5:00 p.m. ET. This presentation aims to showcase AspenTech's innovative solutions that enhance asset design and maintenance across industrial environments. Interested parties can view the live webcast on the Investor Relations section of their website. AspenTech combines process modeling expertise with AI to maximize asset performance and sustainability.

Aspen Technology, Inc. (NASDAQ:AZPN) has appointed Chantelle Breithaupt as Senior Vice President and Chief Financial Officer, effective March 22, 2021. Breithaupt, formerly of Cisco, brings extensive experience in finance transformation and leadership. She aims to support AspenTech's goal of achieving one billion dollars in annual spend while fostering agile finance operations. Breithaupt succeeds Karl Johnsen, who is transitioning to an advisory role until June 30. The leadership change may aid AspenTech's double-digit growth and profitability ambitions.

Aspen Technology (NASDAQ:AZPN) announced that Vinythai Public Company Limited, a Thai petrochemical company, has selected its Aspen Mtell software to enhance business sustainability through embedded AI. Vinythai aims to implement predictive and prescriptive maintenance at its Rayong plants, which produce Polyvinyl Chloride (PVC) and Vinyl Chloride Monomer (VCM). This partnership is part of Vinythai's SMART factory initiative, focusing on operational excellence, cost savings, and improved reliability.

Aspen Technology, a leader in asset optimization software, announced that CEO Antonio Pietri and CFO Karl Johnsen will present at the KeyBanc Emerging Technology Virtual Summit on February 24, 2021, at 10:55 a.m. ET. The presentation will be available for live streaming on the company's Investor Relations website for a limited time. AspenTech provides solutions to enhance asset performance and lifecycle management through advanced process modeling and AI technologies, helping industries maximize efficiency while ensuring safety and sustainability.

Aspen Technology, Inc. (NASDAQ: AZPN) has announced its virtual Investor Day scheduled for February 12, 2021, starting at 9:00 a.m. ET. The event will feature presentations from CEO Antonio Pietri and other executives, outlining the company's strategy, vision, and financial outlook. They will discuss how Industrial-AI technology can enhance customer value. A live webcast will be available, and a recording will be accessible afterward on the Investor Relations section of AspenTech's website.

Aspen Technology, Inc. (AZPN) reported strong financial results for Q2 FY2021, ending December 31, 2020, with total revenue of $233.7 million, up from $72.4 million year-over-year in license revenue alone. Net income surged to $129.2 million, translating to $1.89 per share, compared to $0.58 in the same period last year. The company generated $38 million in free cash flow and anticipates annual spend growth of 6-8% for FY2021. AspenTech also secured significant customer commitments, including a notable $75 million deal with a leading global oil company.

Aspen Technology, Inc. (NASDAQ:AZPN) will release its second-quarter fiscal 2021 financial results on January 27, 2021, after market close. A conference call to discuss these results and the business outlook will follow at 4:30 p.m. (ET) on the same day. Interested parties can join the call using the dial-in numbers provided or listen via a live webcast on AspenTech’s Investor Relations website. A replay will be available until February 3, 2021.