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Aspen Technology Inc - AZPN STOCK NEWS

Welcome to our dedicated news page for Aspen Technology (Ticker: AZPN), a resource for investors and traders seeking the latest updates and insights on Aspen Technology.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Aspen Technology's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Aspen Technology's position in the market.

News
Aspen Technology Announces OPTIMIZE 24
Rhea-AI Summary
Aspen Technology, Inc. (AZPN) announced its OPTIMIZE™ 24 conference, focusing on elevating business performance and achieving net-zero objectives through digital technology innovations. The event will bring together more than 1,500 customers and partners from asset-intensive industries to collaborate on sustainability goals. The conference will include industry-specific tracks, dedicated solutions tracks, and training courses across process and power & utilities industries.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.34%
Tags
none
-
News
Aspen Technology Announces Date of Second-Quarter Fiscal Year 2024 Financial Results Release, Conference Call and Webcast
Rhea-AI Summary
Aspen Technology, Inc. (AspenTech) (NASDAQ: AZPN) will release financial results for its second quarter fiscal year 2024, ended December 31, 2023, after the U.S. financial markets close on Tuesday, February 6, 2024. A conference call and webcast presentation will be held to discuss financial results, business outlook, and related corporate and financial matters.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.15%
Tags
earnings
-
News
Arista Networks Appoints New CFO
Rhea-AI Summary
Arista Networks (ANET) appoints Chantelle Breithaupt as CFO, Andy Bechtolsheim as chief architect, and Ken Duda as CTO, with Hugh Holbrook as CDO. Breithaupt brings 25 years of global financial experience, previously serving as CFO of Aspen Technology (AZPN) and in executive finance roles at Cisco Systems and four GE businesses.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.4%
Tags
management
News
EY announces alliance with Aspen Technology to support clients' sustainability initiatives, improve manufacturing operations and modernize utility grids
Rhea-AI Summary
The EY organization announces an alliance between Aspen Technology, Inc. (AZPN) and Ernst & Young LLP (EY US), aiming to help clients in industrial and energy markets meet the demand for resources and achieve sustainability targets. The alliance combines EY technology and services with AspenTech's solutions for optimizing supply chains, improving asset lifecycles, managing emissions reduction and energy efficiency, and supporting utility grid orchestration. Sam Johnson, EY Americas Vice Chair, Markets and Accounts, highlights the collaboration's capabilities to drive improved production performance, energy efficiency, and emissions management across industries. Antonio Pietri, Chief Executive Officer of AspenTech, emphasizes the goal of helping asset-intensive industries accelerate adoption of digital solutions to achieve sustainability, profitability, and resilience goals.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.06%
Tags
none
-
News
Aspen Technology Introduces New Software Updates Enabling Customers to Achieve Advanced Levels of Operational Excellence
Rhea-AI Summary
Aspen Technology, Inc. (NASDAQ:AZPN) introduces new sustainability and performance capabilities in aspenONE®, its asset optimization solutions, including industrial AI-based models, industrial data management, and new product integrations. The updates aim to accelerate customer digitalization strategies, achieve advanced levels of operational excellence, and progress net zero initiatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.26%
Tags
none
-
News
Emerson Reports Fourth Quarter and Full Year 2023 Results; Provides Initial 2024 Outlook
Rhea-AI Summary
Emerson (NYSE: EMR) reported strong results for Q4 and fiscal year 2023, with double-digit sales growth, robust adjusted earnings per share growth, and significant increases in operating cash flow and free cash flow. The company also declared a quarterly cash dividend of $0.525 per share of common stock.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.49%
Tags
earnings
News
Aspen Technology Partners with OMV Group to Accelerate Progress Toward Net Zero Targets
Rhea-AI Summary
Aspen Technology announces an expanded partnership with OMV Group to accelerate OMV's energy transition initiatives and path to achieving net zero targets. The partnership will focus on renewables optimization, unlocking industrial data, and developing simplified integration across the supply chain.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.49%
Tags
partnership
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News
Aspen Technology Announces Financial Results for the First Quarter of Fiscal 2024
Rhea-AI Summary
Aspen Technology, Inc. (NASDAQ: AZPN) reported solid financial results for Q1 FY 2024, with double-digit ACV growth and strong demand across most markets. ACV was $897.6 million, increasing 10.9% YoY. Operating cash flow was $17.0 million, compared to $5.1 million in Q1 FY 2023. Total revenue was $249.3 million, with license and solutions revenue at $148.6 million, maintenance revenue at $85.0 million, and services and other revenue at $15.7 million. Loss from operations was $60.2 million. Non-GAAP income from operations was $77.8 million. Net loss was $34.5 million. AspenTech had cash and cash equivalents of $120.5 million as of September 30, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.49%
Tags
earnings
-
News
Aspen Technology Announces CFO Transition
Rhea-AI Summary
Chantelle Breithaupt to step down as CFO of Aspen Technology, Christopher Stagno appointed as Interim CFO
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.71%
Tags
none
News
Aspen Technology Announces Date of First-Quarter Fiscal Year 2024 Financial Results Release, Conference Call and Webcast
Rhea-AI Summary
Aspen Technology to release Q1 FY2024 financial results on November 6, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.37%
Tags
earnings
Stock AZPN logo
Aspen Technology Inc

Nasdaq:AZPN

AZPN Rankings

#684 Ranked by Market Cap
#3664 Ranked by Stock Gains
N/A Ranked by Dividends

AZPN Stock Data

12.74B
27.01M
57.73%
47.4%
2.29%
Custom Computer Programming Services
Professional, Scientific, and Technical Services
Link
US
Bedford

About AZPN

Aspen Technology, Inc. develops software for asset performance, monitoring management and optimization solutions.