We are confident this will generate additional value for our customers and shareholders over time.”These statements are forward-looking and actual results may differ materially. Upcoming Event. Our results reflect positive contributions across all areas of the business, including meaningful improvement in Engineering, continued strength in MSC and substantial growth from APM,” said Pietri continued, “We enter fiscal year 2020 performing at a high level and are benefitting from a positive demand environment driven by a secular technology investment cycle in the process and other capital intensive industries.
Aspen Technology will host a conference call and webcast today, August 7 th, 2019, at 4:30 p.m. (Eastern Time), to discuss the company's financial results for the fourth quarter and fiscal year 2019 as well as the company’s business outlook. As a result, companies in capital-intensive industries can maximize uptime and push the limits of performance, running their assets safer, greener, longer and faster. - April 24, 2019 - Aspen Technology, Inc. (NASDAQ: AZPN), the asset optimization software company, today announced financial results for its third quarter of fiscal year 2019 ended March 31, 2019. Modeled after tech incubators like Y Combinator, we take tech None of these non-GAAP metrics should be considered as an alternative to any measure of financial performance calculated in accordance with GAAP.The third paragraph of this press release as well as the Business Outlook section contain forward-looking statements for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. 22 Oct. October 2020 Trading Update. Aspen Tech Policy Hub Annual Report 2019. The live dial-in number is (866) 471 … View the latest AZPN financial statements, income statements and financial ratios. Actual results may vary significantly from Aspen Technology’s (AspenTech) expectations based on a number of risks and uncertainties, including, without limitation: AspenTech’s failure to increase usage and product adoption of aspenONE offerings or grow the aspenONE APM business, and failure to continue to provide innovative, market-leading solutions; the demand for, or usage of, aspenONE software declines for any reason, including declines due to adverse changes in the process or other capital-intensive industries; unfavorable economic and market conditions or a lessening demand in the market for asset process optimization software; risks of foreign operations or transacting business with customers outside Launched and founded in 2019, the Aspen Tech Policy Hub is a West Coast policy incubator, training a new generation of tech policy entre-preneurs. This non-GAAP information supplements, and is not intended to represent a measure of performance in accordance with, disclosures required by generally accepted accounting principles, or GAAP.Management considers both GAAP and non-GAAP financial results in managing Aspen Technology’s business.Aspen Technology will host a conference call and webcast today, April 24, 2019, at 4:30 p.m. (Eastern Time), to discuss the company's financial results for the third quarter fiscal year 2019 as well as the company’s business outlook. Non-GAAP financial measures are not based on a comprehensive set of accounting rules or principles. Aspen Technology Announces Financial Results for the Fourth Quarter and Fiscal Year 2019 “Our performance benefitted from investments in our strategic growth initiatives in recent quarters, an improving macroeconomic outlook for our Engineering & Construction and upstream customers, and strong execution by the AspenTech team.”Pietri continued, “Our APM business had a record annual spend quarter as customers increasingly recognized the value predictive and prescriptive maintenance can have in improving their asset operations.AspenTech’s total revenue of $148 million included:For the quarter ended March 31, 2019, AspenTech reported income from operations of $70.8 million, compared to income from operations of $53.6 million for the quarter ended March 31, 2018.Net income was $61.6 million for the quarter ended March 31, 2019, leading to net income per share of $0.88, compared to net income per share of $0.61 in the same period last fiscal year.Non-GAAP income from operations, which adds back the impact of stock-based compensation expense, amortization of intangibles associated with acquisitions and acquisition related fees, was $78.3 million for the third quarter of fiscal 2019, compared to non-GAAP income from operations of $59.9 million in the same period last fiscal year.AspenTech had cash and marketable securities of $65.6 million and borrowings of $220 million at March 31, 2019.During the third quarter, the company generated $90.0 million in cash flow from operations and $89.1 million in free cash flow. messergroup.com. Aspen Technology, Inc., known as AspenTech, is a provider of software and services for the process industries headquartered in Bedford, Massachusetts, United States.AspenTech has 35 offices around the world, on all continents (excluding Antarctica). Please see below for the latest updates and information about our activities at the Aspen Tech Policy Hub. The live dial-in number is (833) 713-6081 or (702) 374-0603, conference ID code 4067052. Free cash flow is calculated as net cash provided by operating activities adjusted for the net impact of: purchases of property, equipment and leasehold improvements; capitalized computer software development costs, and other nonrecurring items, such as acquisition related payments.This press release contains “non-GAAP financial measures” under the rules of the U.S. Securities and Exchange Commission.
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