Aspen’s Step Backward in the First Quarter Part of Familiar Dance
Steve McVey - November 7, 2000

Event Summary

Aspen Technology's financial results for the first quarter ending September 30, 2000 fell short of last quarter's results but typify the vendor's cyclical business. License revenue decreased 31% to $32.6 million from the previous quarter of $47.3 million. A slight increase in service revenue softened the drop in total revenues, but these nonetheless declined 17% to $69.5 million from $83.4 million in the last quarter. Net earnings sank from a positive $4.6 million in 4Q00 to a negative $3.7 million this quarter...