Aspen Technology, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2024
May 07, 2024 at 04:05 pm EDT
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Aspen Technology, Inc. reported earnings results for the third quarter and nine months ended March 31, 2024. For the third quarter, the company reported revenue was USD 278.11 million compared to USD 229.88 million a year ago. Net income was USD 1.56 million compared to net loss of USD 57.64 million a year ago. Basic earnings per share from continuing operations was USD 0.02 compared to basic loss per share from continuing operations of USD 0.89 a year ago. Diluted earnings per share from continuing operations was USD 0.02 compared to diluted loss per share from continuing operations of USD 0.89 a year ago.
For the nine months, revenue was USD 784.58 million compared to USD 723.54 million a year ago. Net loss was USD 54.47 million compared to USD 135.08 million a year ago. Basic loss per share from continuing operations was USD 0.85 compared to USD 2.09 a year ago. Diluted loss per share from continuing operations was USD 0.85 compared to USD 2.09 a year ago.
Aspen Technology, Inc. is an industrial software company. The Company develops solutions to address complex industrial environments where it is critical to optimize the asset design, operations and maintenance lifecycle. The Company combines modeling, simulation, and optimization capabilities with industrial operations expertise and applies advanced analytics to improve the profitability and sustainability of production assets. It operates through three segments: OSI, Inc., SSE and Heritage AspenTech. It offers products for asset performance management, manufacturing and supply chain, performance engineering, subsurface science & engineering and artificial intelligence of things hub (AIoT). Its products include Aspen Mtell, Aspen Fidelis, Aspen ProMV, Aspen Process Pulse, Aspen Unscrambler, Aspen DMC3, Aspen Virtual Advisor for DMC3, Aspen Enterprise IP.21 Historian, Aspen GDOT, Aspen Unified Reconciliation and Accounting, Aspen PIMS-AO and others.
ASPEN TECHNOLOGY, INC. 
