Aspen Technology (AZPN) Reports Q2 Earnings: What Key Metrics Have to Say

Core Insights - Aspen Technology reported revenue of $257.16 million for the quarter ended December 2023, reflecting a year-over-year increase of 5.9% [1] - The earnings per share (EPS) for the quarter was $1.37, significantly higher than the $0.35 reported in the same quarter last year [1] - The revenue fell short of the Zacks Consensus Estimate by 0.98%, while the EPS was below the consensus estimate by 8.05% [1] Financial Metrics - Annual Contract Value (ACV) was reported at $914.10 million, slightly below the average estimate of $925 million from two analysts [2] - Revenue from Maintenance was $85.06 million, compared to the average estimate of $86.20 million, marking an 8.2% increase year-over-year [2] - Revenue from Services and other reached $19.64 million, exceeding the average estimate of $15.30 million, with a year-over-year growth of 36.7% [2] - Revenue from License and solutions was $152.46 million, below the average estimate of $158.21 million, showing a year-over-year increase of 1.8% [2] Stock Performance - Aspen Technology's shares have declined by 8.3% over the past month, contrasting with a 5.3% increase in the Zacks S&P 500 composite [2] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [2]