Aspen Technology, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2022
January 25, 2023 at 04:05 pm EST
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Aspen Technology, Inc. reported earnings results for the second quarter and six months ended December 31, 2022. For the second quarter, the company reported revenue was USD 242.84 million compared to USD 81.78 million a year ago. Net loss was USD 66.2 million compared to USD 0.76 million a year ago. Basic loss per share from continuing operations was USD 1.02. Diluted loss per share from continuing operations was USD 1.02.
For the six months, revenue was USD 493.66 million compared to USD 158.79 million a year ago. Net loss was USD 77.44 million compared to USD 11.96 million a year ago. Basic loss per share from continuing operations was USD 1.2. Diluted loss per share from continuing operations was USD 1.2.
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. 
