Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...

Proposes to Acquire Remaining Outstanding Shares of AspenTech for $240 per Share in Cash Commences Review of Strategic Alternatives for Safety & Productivity SegmentAnnounces Increased Return of Capital to Shareholders with Plans to Repurchase Approximately $2.0 Billion of Shares in Fiscal 2025; Expecting $1.0 Billion in Fiscal Q1 ST. LOUIS, Nov. 5, 2024 /PRNewswire/ -- Emerson (NYSE: EMR) today announced three key strategic and financial actions in the final phase of its portfolio transformation to an indu ...

Financial Data and Key Metrics Changes - Annual contract value (ACV) was $941 million in Q1, increasing 0.9% quarter-over-quarter and 9.4% year-over-year, aligning with expectations due to timing of renewals and attrition [9][38] - Free cash flow was negative $6 million in Q1, slightly below expectations due to timing of collections [10][41] - Total bookings and revenue were $151 million and $216 million respectively in Q1, compared to $212 million and $249 million a year ago [38] Business Line Data and Key Metrics Changes - Digital Grid Management (DGM) suite showed robust demand, particularly in North America and internationally, driven by rising electricity demand and grid complexity [13][14] - Subsurface Science & Engineering (SSE) suite saw solid upstream demand, with growing interest in optimizing digital tools [17] - Heritage AspenTech suite continued to experience strong demand from both owner-operators and EPCs, with notable wins in sustainability-related projects [19] - Manufacturing and Supply Chain (MSC) suite performed well, with customers focusing on efficiency and sustainability [22] Market Data and Key Metrics Changes - Demand remained strong across most end markets, particularly in utilities, refining, and upstream sectors [11][12] - The chemicals industry is working through supply-and-demand imbalances, focusing on efficiency to meet margin objectives [23] - Increasing interest from upstream operators to leverage digitalization for operational efficiencies and CO2 reduction [27] Company Strategy and Development Direction - The company announced the acquisition of Open Grid Systems to enhance its DGM suite, addressing the complexity of utility operations globally [6][7][30] - The focus remains on a $14 billion to $15 billion total addressable market within industrial software, driven by digitalization, sustainability, and energy transition [34] - The company aims for annual ACV growth of approximately 9% and free cash flow generation of approximately $340 million for fiscal 2025 [12][44] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the year 2025 guidance, citing strong execution and a solid foundation built over the past two years [12][37] - The management noted that macroeconomic uncertainties are expected to decrease, creating a more favorable investment environment [52] - The company is optimistic about growth opportunities across end markets, particularly in digitalization and sustainability [49][86] Other Important Information - The company reported a non-GAAP operating income of $49 million in Q1, representing a 22.5% non-GAAP operating margin [40] - The balance sheet showed approximately $221 million in cash and cash equivalents with no debt [41] - The company purchased approximately 93,000 shares for $20 million under its share repurchase authorization [43] Q&A Session Summary Question: How are customers thinking about their software budget into year-end? - Management noted that uncertainty plays a significant role in budget considerations, but conditions are expected to improve as economic factors stabilize [52] Question: What is the receptivity of the microgrid solution? - The microgrid solution is expected to expand into non-utility customers, with significant opportunities in chemicals and refining sectors [55] Question: How is the deal pipeline for grid management business evolving? - Management indicated that demand in Europe is strong, with long sales cycles expected to yield results in fiscal years 2025 and 2026 [70][72] Question: What are the challenges with collections in certain geographies? - The challenges were attributed to administrative processes in specific regions, but management is confident in improving collection timing through better coordination with sales teams [73][75] Question: How should ACV growth be expected for Q2? - Management expects ACV growth to align with historical trends, despite the complexities of renewal timings and attrition [82][84]

Aspen Technology (AZPN) reported $215.88 million in revenue for the quarter ended September 2024, representing a year-over-year decline of 13.4%. EPS of $0.85 for the same period compares to $1.16 a year ago.The reported revenue represents a surprise of -20.24% over the Zacks Consensus Estimate of $270.65 million. With the consensus EPS estimate being $1.51, the EPS surprise was -43.71%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations ...

Aspen Technology (AZPN) came out with quarterly earnings of $0.85 per share, missing the Zacks Consensus Estimate of $1.51 per share. This compares to earnings of $1.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -43.71%. A quarter ago, it was expected that this software maker would post earnings of $2.08 per share when it actually produced earnings of $2.37, delivering a surprise of 13.94%.Over the last four quarters, the ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-41400 ASPEN TECHNOLOGY, INC. (Exact name of registrant as specified in its cha ...

Exhibit 99.1 Media Contact Investor Contact Len Dieterle William Dyke Aspen Technology Aspen Technology +1 781-221-4291 +1 781-221-5571 len.dieterle@aspentech.com ir@aspentech.com Contacts: Aspen Technology Announces Financial Results for the First Quarter of Fiscal 2025 Bedford, Mass. – November 4, 2024 - Aspen Technology, Inc. ("AspenTech" or the "Company") (NASDAQ: AZPN), a global leader in industrial software, today announced financial results for its first quarter in fiscal 2025, ended September 30, 20 ...

It has been about a month since the last earnings report for Aspen Technology (AZPN) . Shares have added about 10.4% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Aspen Technology due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Aspen Q4 Earnings Surpass EstimatesA ...

Aspen Technology, Inc. (AZPN) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, AZPN's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross."There's a reason traders love a golden cross -- it's a technical chart pattern that can indicate a bullish breakout is on the horizon. This kind of crossover is formed when a stock's short-term moving average breaks above a longer-term moving average. ...

Last week was fabulous for U.S. stock markets as the three major stock indexes — the Dow, the S&P 500 and the Nasdaq Composite — rallied 2.9%, 3.9% and 5.2%, respectively. The broad-market index — the S&P 500 — recorded its best week since November 2023. This helped Wall Street to recoup all losses that it suffered during the meltdown in the first week of August. The meltdown was driven by weak nonfarm payrolls of July that raised concern of a near-term recession as a section of economists and financial exp ...