NEW YORK, Jan. 27, 2025 /PRNewswire/ -- Levi & Korsinsky announces that it has commenced an investigation of Aspen Technology Inc. (NYSE: AZPN) concerning possible breaches of fiduciary duty. If you have been a shareholder of AZPN since at least January 27, 2025 and currently hold shares, you can obtain additional information here:https://zlk.com/mna2/aspen-technology-inc-information-request-form-2 This investigation concerns the merger of Aspen Technology and Emerson Electric (EMR), whether the Board of AZ ...

NEW YORK, Jan. 27, 2025 /PRNewswire/ -- Shareholder rights law firm Julie & Holleman LLP is investigating the proposed $265 per share acquisition of Aspen Technology, Inc. (NASDAQ: AZPN) by the company's controlling stockholder, Emerson Electric Co. (NYSE: EMR). The firm is concerned about the price being offered as well as potential conflicts of interest. For a free consultation and to learn more about our investigation, visit https://julieholleman.com/aspen-technology-inc/ Aspen Technology is a global lea ...

Core Viewpoint - Aspen Technology's recent earnings report showed significant misses in both earnings per share and revenue, raising concerns about its performance and future outlook [2][3][13]. Financial Performance - For Q1 fiscal 2025, Aspen reported non-GAAP EPS of 85 cents, missing the Zacks Consensus Estimate of $1.51, and down from $1.16 in the same quarter last year [2]. - Revenues were $215.9 million, missing estimates by 20.2%, and down from $249.3 million year-over-year [2]. - License revenues decreased by 31.6% year-over-year to $101.7 million, while maintenance revenues increased by 6.7% to $90.7 million [3]. - Gross profit fell to $120.4 million, with a gross margin of 55.8%, down from 60.7% in the prior year [8]. Annual Contract Value and Market Position - As of September 30, 2024, the annual contract value (ACV) was $941.4 million, reflecting a year-over-year increase of 9.4% [4]. - The company is targeting a $14-15 billion addressable market in industrial software, with strong demand for its Digital Grid Management suite [5][7]. Strategic Developments - Aspen announced the acquisition of Open Grid Systems to enhance its Digital Grid Management suite, expected to close by the end of 2024 [6]. - The company launched aspenONE version 14.5 and a Microgrid Management System, focusing on industrial AI and sustainability [7]. Cash Flow and Shareholder Actions - Cash and cash equivalents decreased to $221.1 million from $237 million due to share repurchases [10]. - The company reported a non-GAAP free cash outflow of $6.4 million, compared to a free cash flow of $16 million in the prior year [11]. - In Q1 fiscal 2025, Aspen repurchased 92,819 shares for $20.5 million, with approximately $79.5 million remaining under the buyback authorization [12]. Guidance and Market Sentiment - AspenTech reaffirmed its fiscal 2025 guidance, expecting revenues of at least $1.19 billion and non-GAAP net income of no less than $7.52 per share [13]. - Estimates have been trending upward, with a consensus estimate shift of 23.97%, indicating positive market sentiment [15][16]. - The stock currently holds a Zacks Rank 2 (Buy), suggesting an expectation of above-average returns in the coming months [18].

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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 ...