Aspen Technology Built Success From The Ground Up
Steve McVey - September 7, 2000

Event Summary

Aspen Technology recently reported financial results for its fourth quarter and fiscal year ended June 30, 2000. The vendor logged a dramatic 88% increase in license revenue in the fourth quarter, a strong indication that its solutions for manufacturing enterprise optimization and extended supply chain management are gaining ground among users in the process industries. Total revenues for the fourth quarter grew 44 percent to $83.4 million from $57.8 million in the same period ending June 30, 1999. Excluding one-time acquisition costs, the company reported net income for the quarter of $5.7 million, or $0.18 per diluted share, compared with a net loss of $3.4 million, or $0.12 per diluted share for the same period last year, excluding restructuring and other charges. AspenTech restated its fiscal 1999 and 2000 results to reflect the acquisition of Petrolsoft Corporation, which was completed during the fourth quarter and treated as a pooling-of-interests...