Investors don’t need an excuse to acquire shares of enterprises tied to artificial intelligence. With the sector exploding in scope and scale, it’s inherently attracted significant attention. However, there’s a clear need for hidden AI stocks; that is, entities that haven’t quite captured the spotlight like Nvidia (NASDAQ:NVDA) or some of the other usual suspects.Not to pick on the semiconductor giant but the company encountered a worrying barrage of selling pressure after briefly topping the rankings as th ...

A month has gone by since the last earnings report for Aspen Technology (AZPN) . Shares have added about 6.5% 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 its most recent earnings report in order to get a better handle on the important drivers. Aspen Q3 Earnings Surpass EstimatesAspen re ...

Aspen Technology (AZPN) reported third-quarter fiscal 2024 non-GAAP earnings of $1.70 per share, beating the Zacks Consensus Estimate of $1.32. AZPN reported non-GAAP earnings of $1.06 per share in the year-ago quarter.The company reported revenues of $278.1 million, surpassing the Zacks Consensus Estimate by 10.5%. The company had reported revenues of $230 million in the year-ago quarter.Following the announcement, shares of the company were down 1.4% in pre-market trading on May 8. In the past year, share ...

Aspen Technology (AZPN) reported $278.11 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 21%. EPS of $1.70 for the same period compares to $1.06 a year ago.The reported revenue represents a surprise of +10.51% over the Zacks Consensus Estimate of $251.65 million. With the consensus EPS estimate being $1.32, the EPS surprise was +28.79%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wal ...

Aspen Technology, Inc. (NASDAQ:AZPN) Q3 2024 Results Conference Call May 7, 2024 4:30 PM ET Company Participants Brian Denyeau - ICR Antonio Pietri - President and Chief Executive Officer Chris Stagno - Interim Chief Financial Officer Conference Call Participants Jason Celino - KeyBanc Capital Markets David Ridley-Lane - Bank of America Rob Oliver - Baird Dylan Becker - William Blair Clark Jefferies - Piper Sandler Mark Schappel - Loop Capital Markets Operator Good day, and thank you for standing by. Welcom ...

Aspen Technology (AZPN) came out with quarterly earnings of $1.70 per share, beating the Zacks Consensus Estimate of $1.32 per share. This compares to earnings of $1.06 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 28.79%. A quarter ago, it was expected that this software maker would post earnings of $1.49 per share when it actually produced earnings of $1.37, delivering a surprise of -8.05%.Over the last four quarters, the ...

Exhibit 99.1 Media Contact Investor Contact Len Dieterle Brian Denyeau Aspen Technology ICR for Aspen Technology +1 781-221-4291 +1 646-277-1251 len.dieterle@aspentech.com ir@aspentech.com Contacts: Aspen Technology Announces Financial Results for the Third Quarter of Fiscal 2024 Bedford, Mass. – May 7, 2024 - Aspen Technology, Inc. (AspenTech) (NASDAQ: AZPN), a global leader in industrial software, today announced financial results for its third quarter in fiscal 2024, ended March 31, 2024. Antonio Pietri, ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________ Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Trading Symbol Name of Each Exchange on Which Registered Common stock, $0.0001 par value per share AZPN Nasdaq Global Select Market ____________________________________________ 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 en ...

In its upcoming report, Aspen Technology (AZPN) is predicted by Wall Street analysts to post quarterly earnings of $1.32 per share, reflecting an increase of 24.5% compared to the same period last year. Revenues are forecasted to be $251.65 million, representing a year-over-year increase of 9.5%.The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projectio ...

Antonio Pietri, CEO of AspenTech speaks at OPTIMIZE24, the company's thought leadership event in ... [+] Houston, Texas, U.S. on April 30, 2024.AspenTechAs decarbonization and energy transition efforts gather momentum across the global industrial and manufacturing complex, specialist process software firm AspenTech (NASDAQ: AZPN) is "uniquely positioned" as an optimization enabler and a "co-innovator", according to its boss."From modelling simulated molecules for sustainable fuels to managing and optimizing ...