text: Aspen Technology reports Q4 adjusted EPS 79c, consensus 44c AZPN - The Fly
  2017-08-10 16:10:08
  Aspen Technology reports Q4 adjusted EPS 79c, consensus 44c
  Reports Q4 revenue $123.7M, consensus $119.44M. "AspenTech reported fourth quarter and fiscal year 2017 financial results that exceeded expectations and were highlighted by a positive performance across all geographies and product suites," said Antonio Pietri, President and Chief Executive Officer of AspenTech. "During the fourth quarter we made significant strides in bringing continued innovation to market. We successfully launched aspenONE v10, which will deliver increased value to our customers through enhanced functionality and capabilities. In addition, we saw positive momentum with our APM suite as we closed several transactions and continued to generate strong customer interest."
  Aspen Technology initiated with a Neutral at Baird
  Baird analyst Jason Velkavrh initiated Aspen Technology with a Neutral and a $63 price target citing valuation.