Aspen Technology, Inc. ( (AZPN) ) has released its Q2 earnings. Here is a breakdown of the information Aspen Technology, Inc. presented to its investors.
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Aspen Technology, Inc., known as AspenTech, is a global leader in industrial software solutions that optimize asset design, operation, and maintenance lifecycles for asset-intensive industries. In its latest earnings report for the second quarter of fiscal 2025, AspenTech reported significant financial improvements, with total revenue reaching $303.6 million, a notable increase from $257.2 million in the same quarter the previous year. The company also turned a net loss in the second quarter of fiscal 2024 into a net income of $20.3 million in the second quarter of fiscal 2025, marking a robust recovery. Key financial highlights include a 9.2% year-over-year increase in annual contract value (ACV) to $964.9 million, and non-GAAP net income reaching $131.1 million, or $2.06 per diluted share. The company also reported a free cash flow of $36.4 million for the quarter. Despite these positive results, cash reserves decreased to $181.8 million, attributed to share repurchases and the acquisition of Open Grid Systems Limited. Looking forward, AspenTech’s management remains optimistic, although the company has not provided future guidance due to its recent merger agreement with Emerson Electric Co.
