Aspen Technology, Inc. reported earnings guidance for the third quarter of 2018. For the quarter, the company expects revenue in the range of $120 million to $122 million, non-GAAP operating income of $52 million to $54 million and non-GAAP EPS of $0.48 to $0.50 per share. On a GAAP basis, The company expects operating income of $46 million to $48 million and income per share of $0.42 to $0.44 per share.

For the full year, the company is raising revenue guidance in the range of $490 million to $495 million, continue to expect subscription and software to comprise greater than 90% of revenue, with services and other revenue representing the remainder. Operating income guidance is expected to a range of $204 million to $209 million for fiscal 2018, with GAAP net income of approximately $140 million to $143 million. GAAP net income per share in the range of $1.90 to $1.95 compared to previous guidance of $1.71 to $1.76. From a non-GAAP perspective, the company is increasing non-GAAP operating income guidance to $231 million to $236 million and now expect non-GAAP income per share in the range of $2.16 to $2.21, which compares to previous guidance of $1.92 to $1.97. From a free cash flow perspective, the company is increasing fiscal year guidance to $190 million to $195 million versus previous guidance of $180 million to $185 million. The fiscal 2018 cash flow guidance -- free cash flow guidance assumes cash tax payments of approximately $55 million to $60 million.