Compared to Estimates, Aspen Technology (AZPN) Q4 Earnings: A Look at Key Metrics

Core Insights - Aspen Technology reported revenue of $342.91 million for the quarter ended June 2024, marking a year-over-year increase of 6.9% and an EPS of$ 2.37 compared to $2.13 a year ago [1] - The revenue exceeded the Zacks Consensus Estimate of$ 315.45 million by 8.70%, while the EPS surpassed the consensus estimate of $2.08 by 13.94% [1] Revenue Breakdown - Maintenance revenue was$ 89.17 million, exceeding the estimated $86.96 million, reflecting a year-over-year increase of 7.9% [3] - Services and other revenue reached$ 22.74 million, significantly higher than the estimated $15.85 million, representing a substantial year-over-year increase of 49.8% [4] - License and solutions revenue totaled$ 231 million, surpassing the average estimate of $212.64 million, with a year-over-year change of 3.7% [5] Stock Performance - Aspen Technology's shares have declined by 13.1% over the past month, compared to a 6.7% decline in the Zacks S&P 500 composite [5] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [5]