Aspen Technology Cites ‘Solid Customer Demand’ As EPS Beats

By | April 30, 2014

Scalper1 News

Aspen Technology (AZPN) was up more than 13% in afternoon trading in the stock market today and sales that handily beat forecasts. The Burlington, Mass.-based company posted EPS ex items of 28 cents, up 100% from the year-earlier quarter and 9 cents above the average estimate of seven analysts polled by Thomson Reuters. Sales for the quarter ended March 31 soared 30.5% to $103.59 million. Subscription and software revenue surged 30.4% to $91.3 Scalper1 News

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