Aspen Technology Inc Stock Price, News & Analysis

Aspen Technology (NASDAQ: AZPN) has acquired inmation Software GmbH, a leader in industrial real-time information management. This acquisition enhances AspenTech's capability to integrate and manage industrial data, targeting capital-intensive industries and enabling them to meet profitability and sustainability objectives. The unique combination of inmation's technology with AspenTech's existing software solutions is expected to create an unparalleled enterprise-wide data infrastructure, facilitating digital transformation for customers.

Aspen Technology, Inc. (NASDAQ: AZPN) plans to release its financial results for Q1 fiscal 2023, which ended on September 30, 2022, on October 26, 2022, after U.S. market close. The company will host a conference call and webcast at 4:30 p.m. ET on the same day to discuss results and business outlook. The live webcast can be accessed on AspenTech's Investor Relations website. AspenTech is recognized as a global leader in industrial software, focusing on helping industries meet growing resource demands sustainably.

Aspen Technology, Inc. (NASDAQ:AZPN) has been recognized as a Leader in the 2022 Verdantix Green Quadrant®: Asset Performance Management Solutions report. The report highlights AspenTech's APM suite for its excellence in asset health monitoring, failure prediction, and performance optimization. AspenTech aims to enhance operational efficiencies and support sustainability goals through its suite that combines machine learning with predictive analytics. Customers benefit from actionable insights, reducing costs and environmental impact while improving asset life cycles.

Aspen Technology, Inc. (NASDAQ: AZPN) announced that CEO Antonio Pietri and CFO Chantelle Breithaupt will present at the Piper Sandler Growth Frontiers Conference in Nashville, TN, on September 13, 2022, at 3:30 p.m. CT. The presentation will be available via live webcast for a limited time on the company's Investor Relations website. AspenTech provides solutions for optimizing the lifecycle of capital-intensive assets, focusing on sustainable and profitable resource management for industries grappling with growing demands.

Aspen Technology (NASDAQ:AZPN) announces a collaboration with ACME Group, a leading renewable energy company in India, to implement its Performance Engineering software at ACME's inaugural green hydrogen and ammonia pilot plant in Bikaner, Rajasthan. The plant will produce green hydrogen with a capacity of 5MWp, scalable to 10MWp, aiming to reduce CO₂ emissions by up to 4,400 tons annually. This partnership highlights AspenTech's strong modeling capabilities and commitment to sustainability in response to growing resource demands.

Aspen Technology (NASDAQ: AZPN) has partnered with Birla Carbon to enhance its deployment of AspenTech software across nine global sites. This collaboration aims to improve safety, efficiency, and sustainability in Birla Carbon's manufacturing operations, which span 12 countries and produce over 2 million tons annually. The integration of Aspen InfoPlus.21® and aspenONE® Process Explorer™ will facilitate better enterprise visibility and support Birla Carbon in achieving its operational goals.

Aspen Technology, Inc. (NASDAQ: AZPN) announced a significant partnership with JG Summit Olefins Corporation, the largest petrochemicals company in the Philippines. This collaboration aims to enhance operational efficiency through the deployment of Aspen Unified PIMS™, which is expected to optimize feedstock selection at the crackers. This initiative supports JGSOC’s objective of operational excellence and is seen as a crucial step in diversifying the local petrochemical industry. The partnership is also intended to address industry challenges such as skills shortages.

Aspen Technology reported robust fourth quarter results for fiscal year 2022, with total revenue of $238.9 million, significantly up from $45.7 million in Q4 FY21. The company's license and solutions revenue rose to $177.3 million, while maintenance revenue reached $50.2 million. AspenTech reported net income of $57.2 million, translating to $1.13 per share, compared to a net loss of $0.23 in the prior year. Looking forward, guidance for fiscal 2023 includes projected total revenue between $1.14 billion and $1.20 billion, with anticipated ACV growth of 10.5% to 13.5% year-over-year.

Emerson (NYSE: EMR) announced the acquisition of Micromine, an end-to-end mining software provider, through its majority-owned subsidiary AspenTech (NASDAQ: AZPN). This strategic move aims to diversify AspenTech's software portfolio into the metals and mining market, supporting digital transformation and sustainability goals. The acquisition underscores Emerson's commitment to building a higher growth and diversified portfolio. Micromine's solutions are utilized at over 2,000 mining sites globally, enhancing operational efficiency across the mining value chain.