Aspen (AZPN) Q2 Earnings Miss Estimates, Revenues Rise Y/Y

Aspen Technology (AZPN) reported second-quarter fiscal 2024 non-GAAP earnings per share (EPS) of $1.37, which missed the Zacks Consensus Estimate of $1.49. AZPN reported non-GAAP EPS of 35 cents in the year-ago quarter.Revenues of $257.2 million increased 5.9% year over year driven by solid demand for products and solutions across most of the end markets. However, it lagged the Zacks Consensus Estimate by 1%.Quarter in DetailLicense and solutions’ revenues (59.3% of revenues) were up 1.7% year over year to ...