Aspen Technology, Inc. Provides Earnings Guidance for Fiscal Year Ending June 30, 2023
October 26, 2022 at 04:05 pm EDT
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Aspen Technology, Inc. provided earnings guidance for fiscal year ending June 30, 2023. For the year, the company expects total revenue to be in the range of $1.14 billion to $1.20 billion. GAAP operating loss to be in the range of $57 million to $5 million.
GAAP net loss to be in the range of $32.5 million to $22.5 million. GAAP net loss per share to be in the range of $0.49 to $0.34.
Aspen Technology, Inc. is an industrial software company. The Company develops solutions to address complex industrial environments where it is critical to optimize the asset design, operations and maintenance lifecycle. The Company combines modeling, simulation, and optimization capabilities with industrial operations expertise and applies advanced analytics to improve the profitability and sustainability of production assets. It operates through three segments: OSI, Inc., SSE and Heritage AspenTech. It offers products for asset performance management, manufacturing and supply chain, performance engineering, subsurface science & engineering and artificial intelligence of things hub (AIoT). Its products include Aspen Mtell, Aspen Fidelis, Aspen ProMV, Aspen Process Pulse, Aspen Unscrambler, Aspen DMC3, Aspen Virtual Advisor for DMC3, Aspen Enterprise IP.21 Historian, Aspen GDOT, Aspen Unified Reconciliation and Accounting, Aspen PIMS-AO and others.
ASPEN TECHNOLOGY, INC. 
