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ASPEN TECHNOLOGY, INC.

(AZPN)
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Aspen Technology : Announces Jill D. Smith as Newly Elected Board Chair

08/02/2021 | 04:07pm EDT

Aspen Technology, Inc. (NASDAQ: AZPN), a global leader in asset optimization software, today announced that Jill D. Smith has been elected board chair. Ms. Smith joined the AspenTech Board of Directors in April 2021. She brings more than 20 years of significant international business leadership experience, having most recently served as president, chief operating officer and director of Allied Minds plc, and prior to that as chairman, CEO and president of DigitalGlobe Inc.

Ms. Smith, who also will be joining the Nominating and Corporate Governance Committee, replaces Robert M. Whelan, Jr. who has served as chair since 2013. Mr. Whelan will remain a member of the AspenTech Board.

“We are pleased that Jill will be AspenTech’s next chair,” said Antonio Pietri, president and CEO of AspenTech. “Her years of experience and insight will serve the company well as we enter our fifth decade meeting the needs of our customers around the world. At the same time, we are grateful to Bob Whelan for his years serving as chair. He has been instrumental in helping successfully grow the AspenTech business and I look forward to his continued contributions as a board member.”

“It is a privilege to be elected chair of AspenTech, particularly at such a pivotal time for the industries we serve,” said Smith. “As customers work to improve their operations and meet sustainability goals at the same time, AspenTech’s vision, expertise and innovative solutions are uniquely positioned to help them meet these challenges. Taking on a leadership role in this effort is an honor.”

About Aspen Technology

Aspen Technology (AspenTech) is a global leader in asset optimization software. Its solutions address complex, industrial environments where it is critical to optimize the asset design, operation, and maintenance lifecycle. AspenTech uniquely combines decades of process modelling expertise with artificial intelligence. Its purpose-built software platform automates knowledge work and builds sustainable competitive advantage by delivering high returns over the entire asset lifecycle. 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. Visit AspenTech.com to find out more.

© 2021 Aspen Technology, Inc. AspenTech and the Aspen leaf logo are trademarks of Aspen Technology, Inc.


ę Business Wire 2021
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Financials (USD)
Sales 2022 727 M - -
Net income 2022 304 M - -
Net cash 2022 389 M - -
P/E ratio 2022 28,1x
Yield 2022 -
Capitalization 8 430 M 8 430 M -
EV / Sales 2022 11,1x
EV / Sales 2023 9,96x
Nbr of Employees 1 897
Free-Float 64,2%
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Mean consensus OUTPERFORM
Number of Analysts 8
Last Close Price 125,68 $
Average target price 152,67 $
Spread / Average Target 21,5%
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Managers and Directors
Antonio Jose Pietri President, Chief Executive Officer & Director
Chantelle Yvette Breithaupt Chief Financial Officer & Senior Vice President
Jill D. Smith Chairman
Willie K. Chan Chief Technology Officer
John W. Hague Executive Vice President-Operations
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