Aspen Technology, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2023
February 06, 2024 at 04:07 pm EST
Share
Aspen Technology, Inc. reported earnings results for the second quarter and six months ended December 31, 2023. For the second quarter, the company reported revenue was USD 257.16 million compared to USD 242.84 million a year ago. Net loss was USD 21.5 million compared to USD 66.2 million a year ago. Basic loss per share from continuing operations was USD 0.34 compared to USD 1.02 a year ago. Diluted loss per share from continuing operations was USD 0.34 compared to USD 1.02 a year ago.
For the six months, revenue was USD 506.47 million compared to USD 493.66 million a year ago. Net loss was USD 56.03 million compared to USD 77.44 million a year ago. Basic loss per share from continuing operations was USD 0.88 compared to USD 1.2 a year ago. Diluted loss per share from continuing operations was USD 0.88 compared to USD 1.2 a year ago.
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. 
