Aspen''s (AZPN) Q4 Earnings Beat Estimates, Revenues Up Y|Y
Aspen Technology (NASDAQ: AZPN ) reported fourth-quarter fiscal 2022 non-GAAP earnings of $2.43 per share, beating the Zacks Consensus Estimate by 13%. The company reported non-GAAP earnings of 38 cents per share in the year-ago quarter. Revenues of $238.9 million missed the Zacks Consensus Estimate by 19.7%. The company reported revenues of $77.4 million in the year-ago quarter. On Jul 27, 2022, Aspen announced that it had inked an agreement to acquire Micromine from Potentia Capital and other sellers for AU$900 million or approximately $623 million in an all-cash deal. On May 17, 2022, Aspen concluded the merger with Emerson Electric Co. for $6 billion in cash in exchange for 55% ownership in the company, which will be distributed to Aspen stockholders. The merger involves the integration of Emerson''s OSI Inc. and GSS businesses with Aspen. In the past year, shares of Aspen have returned 42.7% against the industry''s decline of 58%. Aspen Technology, Inc. Price, Consensus and EPS Surprise Aspen Technology, Inc. price-consensus-eps-surprise-chart | Aspen Technology, Inc.
Aspen''s (AZPN) Q4 Earnings Beat Estimates, Revenues Up Y|Y
Aspen Technology (NASDAQ: AZPN ) reported fourth-quarter fiscal 2022 non-GAAP earnings of $2.43 per share, beating the Zacks Consensus Estimate by 13%. The company reported non-GAAP earnings of 38 cents per share in the year-ago quarter. Revenues of $238.9 million missed the Zacks Consensus Estimate by 19.7%. The company reported revenues of $77.4 million in the year-ago quarter. On Jul 27, 2022, Aspen announced that it had inked an agreement to acquire Micromine from Potentia Capital and other sellers for AU$900 million or approximately $623 million in an all-cash deal. On May 17, 2022, Aspen concluded the merger with Emerson Electric Co. for $6 billion in cash in exchange for 55% ownership in the company, which will be distributed to Aspen stockholders. The merger involves the integration of Emerson''s OSI Inc. and GSS businesses with Aspen. In the past year, shares of Aspen have returned 42.7% against the industry''s decline of 58%. Aspen Technology, Inc. Price, Consensus and EPS Surprise Aspen Technology, Inc. price-consensus-eps-surprise-chart | Aspen Technology, Inc.