Aspen Follows Good Quarter With Internet Launch
Steve McVey - February 21, 2000

Event Summary

Highlights of Aspen Technology's second fiscal quarter results were a 35% increase in license fees over the same period last year and a positive bottom line. License revenues grew to $29 million and services revenues remained flat at $32.8 million for the quarter. Aspen's license and total reported revenues were the strongest since the company's peak in the second quarter of calendar 1998. Net income for the second quarter totaled $1.6 million or $0.06 per diluted share, compared with net income of $0.5 million or $0.02 per diluted share for the same period in fiscal 1999...