Welcome to our dedicated page for Aspen Technology news (Ticker: $AZPN), a resource for investors and traders seeking the latest updates and insights on Aspen Technology stock.
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.
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%
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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%
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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%
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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%
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Rhea-AI Summary
Aspen Technology, Inc. (NASDAQ:AZPN) introduces industry domain training program to address skills gaps in asset-intensive industries and onboard recently-graduated engineers. The comprehensive curriculum aims to build industry-specific competencies in roles such as process engineers, control engineers, reliability engineers, supply chain planners, and cost estimators. The program is designed to help companies navigate gaps in industry domain knowledge as specialized senior engineers retire and a new generation enters the workforce. The curriculum was developed in partnership with leading domain experts and has already been completed by more than 1000 users from 150+ companies globally.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.75%
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Rhea-AI Summary
Aspen Technology, Inc. (NASDAQ:AZPN) to present at KeyBanc Technology Leadership Forum in Vail, CO on August 8, 2023. CFO Chantelle Breithaupt to speak at 12:00 p.m. ET. Webcast available on company's Investor Relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.76%
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Rhea-AI Summary
Emerson reports strong Q3 results with significant growth in net sales and earnings. The company increases its full-year outlook for fiscal 2023. A quarterly cash dividend of $0.52 per share of common stock is declared. Emerson's President and CEO highlights the company's differentiated portfolio and strong performance. The company is well-positioned to capture customer investments in various areas. The fiscal year 2023 guidance framework is summarized, showing expected growth in net sales, earnings per share, and cash flow.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.69%
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Rhea-AI Summary
AspenTech announces strong financial results for Q4 and fiscal year 2023, with double-digit ACV growth and increased annual spend. Board approves new $300 million share repurchase authorization. Q4 revenue increases compared to last year, but income from operations and net income decrease due to elevated amortization of intangible assets. AspenTech terminates share sale agreement to acquire Micromine. Provides guidance for fiscal year 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.69%
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Rhea-AI Summary
Aspen Technology, Inc. (AspenTech) (NASDAQ: AZPN) will release its Q4 and fiscal year 2023 financial results on August 1, 2023, followed by a conference call to discuss the results, business outlook, and related corporate and financial matters.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.17%
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Rhea-AI Summary
The global home energy management system market is expected to reach USD 8.25 billion by 2029, growing at a CAGR of 16.18% between 2023 and 2029. The market is driven by increasing awareness about energy efficiency, adoption of smart home devices, and constant R&D activities. The report provides insights on key market players, advancements in the market, and consumer benefits.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.26%
Tags
Aspen Technology Inc
Nasdaq:AZPN
AZPN Rankings
AZPN Stock Data
13.13B
27.01M
57.73%
47.4%
2.29%
Custom Computer Programming Services
Professional, Scientific, and Technical Services
United States of America
BEDFORD
About AZPN
Aspen Technology, Inc. develops software for asset performance, monitoring management and optimization solutions.