Free Post Earnings Research Report: Aspen’s Earnings Rose 11%

Stock Monitor: Asure Software Post Earnings Reporting

LONDON, UK / ACCESSWIRE / May 15, 2018 / If you want access to our free earnings report on Aspen Technology, Inc. (NASDAQ: AZPN) ("Aspen"), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=AZPN. The Company posted its financial results on April 25, 2018, for the third quarter of the fiscal year 2018 (Q3 FY18). The asset optimization software Company surpassed analysts' estimates for revenue and earnings. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Aspen Technology most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

For Q3 FY18, Aspen's total revenues were $125.8 million compared to $119.2 million in Q3 FY17, increasing 5.5% on a y-o-y basis. The Company's revenue numbers for the reported quarter exceeded analysts' estimates of $121.9 million.

During Q3 FY18, the Company's gross profit increased 5.7% to $113.1 million compared to $107.0 million in Q3 FY17.

Aspen reported an income from operations of $51.2 million in the reported quarter compared to $52.3 million in the year ago same quarter.

For Q3 FY18, the Company posted a net income of $37.8 million compared to $35.8 million in Q3 FY17. Aspen's earnings per share (EPS) increased 11% to $0.52 in Q3 FY18 compared to $0.47 in Q3 FY17. The Company's adjusted EPS increased 11.5% to $0.58 y-o-y in Q3 FY18 compared to $0.52 in Q3 FY17, surpassing market estimates of $0.52.

Segments Details

Aspen operates through two segments, namely (i) Subscription and Software; and (ii) Services and Other.

During Q3 FY18, Aspen's Subscription and Software segment's total revenues were $118.1 million compared to $111.7 million in Q3 FY17. The segment's cost incurred increased to $5.8 million in the reported quarter versus $5.5 million in the year ago comparable quarter, mainly due to increased amortization expenses.

Aspen's Services and Other segment's revenues increased to $7.7 million in Q3 FY18 compared to $7.6 million in Q3 FY17. During Q3 FY18, the segment's cost incurred increased to $7.0 million versus $6.7 million in Q3 FY17.

Cash Matters

As of March 31, 2018, the Company's cash and cash equivalents stood at $71.0 million compared to $84.6 million as of March 31, 2017. During Q3 FY18, the Company generated cash from operating activities of $73.1 million compared to $55.6 million in Q3 FY17.

Aspen's free cash flow was $78.1 million in the reported quarter compared to $56.1 million in the year corresponding quarter. The Company repurchased a total of 649,479 shares at a cost of $50 million during Q3 FY18.

Guidance for Q4 FY18

For Q4 FY18, Aspen is forecasting EPS to be in the band of $0.53 - $0.55, and revenues to be in the range of $123 million - $125 million.

Stock Performance Snapshot

May 14, 2018 - At Monday's closing bell, Aspen Technology's stock declined 1.51%, ending the trading session at $92.82.

Volume traded for the day: 289.09 thousand shares.

Stock performance in the last month – up 11.15%; previous three-month period – up 28.13%; past twelve-month period – up 59.02%; and year-to-date – up 40.21%

After yesterday's close, Aspen Technology's market cap was at $6.67 billion.

Price to Earnings (P/E) ratio was at 40.39.

The stock is part of the Technology sector, categorized under the Business Software & Services industry.

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