Pietri

Aspen Technology Appoints David Baker as SVP, Chief Financial Officer

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星期二, 五月 7, 2024
Technology, Software, Pietri, CFO, Senior, Financial plan, Automation, Management

Aspen Technology, Inc. (AspenTech) (NASDAQ: AZPN), a global leader in industrial software, today announced that David Baker has been appointed as Senior Vice President, Chief Financial Officer at AspenTech, effective June 3, 2024.

Key Points: 
  • Aspen Technology, Inc. (AspenTech) (NASDAQ: AZPN), a global leader in industrial software, today announced that David Baker has been appointed as Senior Vice President, Chief Financial Officer at AspenTech, effective June 3, 2024.
  • Mr. Baker joins AspenTech from Emerson Electric Co. (Emerson), where he spent over 27 years in various financial leadership roles, most recently serving as Vice President, Financial Planning, where he led financial planning and analysis for the entire $17 billion Emerson corporation.
  • In this position, Mr. Baker was crucial in leading Emerson’s finance transformation to meet the needs of a newly focused global automation leader.
  • Prior to this role, Mr. Baker served as Vice President and Chief Financial Officer, Automation Solutions at Emerson, where he spearheaded a multi-year cost reset plan that impacted organizational structure and plant footprint, among other areas.

Aspen Technology Announces Financial Results for the Third Quarter of Fiscal 2024

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星期二, 五月 7, 2024
Data Management, Technology, Other Technology, Software, Networks, Hardware, Measurement, University, GoTo (US company), Analytic, Citrix Systems, Pietri, Health, Business administration, Webcast, HashiCorp, Cloud computing, ACV, SMS, Senior, Santa Clara University, Acquisition, Share repurchase, Behavior, Financial plan, GAAP, Growth, Video game

Aspen Technology, Inc. (AspenTech) (NASDAQ: AZPN), a global leader in industrial software, today announced financial results for its third quarter in fiscal 2024, ended March 31, 2024.

Key Points: 
  • Aspen Technology, Inc. (AspenTech) (NASDAQ: AZPN), a global leader in industrial software, today announced financial results for its third quarter in fiscal 2024, ended March 31, 2024.
  • Cash flow from operations was $138.1 million for the third quarter of fiscal 2024, compared to $131.0 million in the third quarter of fiscal 2023.
  • Free cash flow2 was $137.0 million for the third quarter of fiscal 2024, compared to $129.3 million in the third quarter of fiscal 2023.
  • Loss from operations was $19.3 million in the third quarter of fiscal 2024, compared to $78.5 million in the third quarter of fiscal 2023.

Industry Leader Joins Aspen Technology as Strategic Advisor for Power and Utilities

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星期三, 四月 17, 2024
Security, Technology, Utilities, Alternative Energy, Energy, Software, Climate change mitigation, Safety, Climate, Exelon, Pietri, Aspen Technology, Organization, Utility, Management

Aspen Technology, Inc. (NASDAQ: AZPN), a global leader in industrial software, today announced that Mark Browning, a longtime power and utilities industry executive, has joined the company as a strategic advisor.

Key Points: 
  • Aspen Technology, Inc. (NASDAQ: AZPN), a global leader in industrial software, today announced that Mark Browning, a longtime power and utilities industry executive, has joined the company as a strategic advisor.
  • Decarbonization, electrification and increasing climate and cyber threats are introducing new levels of grid complexity and unpredictability, bringing the power and utilities industry to a critical juncture.
  • “With a distinguished career in power and utilities, Mark brings deep strategy and operations experience to enhance the value-based outcomes that AspenTech delivers to customers in this industry.
  • With approximately 500 power & utilities customers anticipated to attend the event, OPTIMIZE 24 will include dedicated industry sessions and a Digital Grid Management track for this specific audience.

Aspen Technology Announces Financial Results for the Second Quarter of Fiscal 2024

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星期二, 二月 6, 2024
Data Management, Technology, Other Technology, Software, Networks, Hardware, Interim, Growth, Senior, GAAP, Open Systems International, OSI, Pietri, DGM, Acquisition, Webcast, ACV, SMS, Share repurchase

Cash flow from operations was $29.8 million for the second quarter of fiscal 2024, compared to $49.5 million in the second quarter of fiscal 2023.

Key Points: 
  • Cash flow from operations was $29.8 million for the second quarter of fiscal 2024, compared to $49.5 million in the second quarter of fiscal 2023.
  • Free cash flow2 was $29.2 million for the second quarter of fiscal 2024, compared to $47.8 million in the second quarter of fiscal 2023.
  • Loss from operations was $49.2 million in the second quarter of fiscal 2024, compared to $59.4 million in the second quarter of fiscal 2023.
  • Non-GAAP income from operations was $88.7 million in the second quarter of fiscal 2024, compared to $86.6 million in the second quarter of fiscal 2023.

Aspen Technology Announces OPTIMIZE 24

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星期四, 一月 25, 2024
Technology, Professional Services, Mining, Minerals, Natural Resources, Other Manufacturing, Utilities, Oil, Gas, Climate Change, Engineering, Energy, Green Technology, Chemicals, Plastics, Manufacturing, Software, Sustainability, Environment, Asset Management, Pietri, Moses Austin, Bureau, University, Economic geology, Aspen Technology, Metal

Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in industrial software, today announced its OPTIMIZE™ 24 conference .

Key Points: 
  • Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in industrial software, today announced its OPTIMIZE™ 24 conference .
  • Entitled “Partnering for the Future,” OPTIMIZE will be held April 29 - May 3 in Houston, TX.
  • Dr. Tinker was Director of the Bureau of Economic Geology at the University of Texas and the State Geologist of Texas for 24 years, becoming Director Emeritus in early 2024.
  • For more information and to register to attend OPTIMIZE 2024, please visit optimize2024.com .

Aspen Technology Announces Financial Results for the First Quarter of Fiscal 2024

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星期一, 十一月 6, 2023
Software, Sustainability, Environment, Finance, Asset Management, Data Management, Professional Services, Technology, Pietri, SMS, SVP, Share repurchase, GAAP, Interim management, Acquisition, ACV, Growth, Webcast, Open Systems International, Interim, Borrowing base, OSI, Cryptocurrency, Risk management, Video game, Payment card, Security (finance)

Aspen Technology, Inc. (AspenTech) (NASDAQ: AZPN), a global leader in industrial software, today announced financial results for its first quarter in fiscal 2024, ended September 30, 2023.

Key Points: 
  • Aspen Technology, Inc. (AspenTech) (NASDAQ: AZPN), a global leader in industrial software, today announced financial results for its first quarter in fiscal 2024, ended September 30, 2023.
  • Operating cash flow was $17.0 million for the first quarter of fiscal 2024, compared to $5.1 million in the first quarter of fiscal 2023.
  • Free cash flow2 was $16.0 million for the first quarter of fiscal 2024, compared to $3.7 million in the first quarter of fiscal 2023.
  • Non-GAAP income from operations was $77.8 million in the first quarter of fiscal 2024, compared to $92.6 million in the first quarter of fiscal 2023.

Aspen Technology Announces Financial Results for the Second Quarter of Fiscal 2023

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星期三, 一月 25, 2023
Data Management, Environment, Technology, Manufacturing, Green Technology, Software, Other Manufacturing, Bank statement, Loss, Eastern Time Zone, SSE, ACV, Credit agreements in South Africa, Agreement, Acquisition, Maintenance, GAAP, Webcast, Credit, Pietri, SMS, Cyprus Securities and Exchange Commission, OSI, Growth, Borrowing base, Emerson, Cryptocurrency, Video game, Bank

Aspen Technology, Inc. (AspenTech) (NASDAQ: AZPN), a global leader in industrial software, today announced financial results for its second-quarter fiscal 2023, ended December 31, 2022.

Key Points: 
  • Aspen Technology, Inc. (AspenTech) (NASDAQ: AZPN), a global leader in industrial software, today announced financial results for its second-quarter fiscal 2023, ended December 31, 2022.
  • Maintenance revenue, which represents the portion of customer agreements related to ongoing support and the right to future product enhancements, was $78.6 million in the second quarter of fiscal 2023, compared to $26.3 million in the second quarter of fiscal 2022.
  • Services and other revenue was $14.4 million in the second quarter of fiscal 2023, compared to $7.0 million in the second quarter of fiscal 2022.
  • Non-GAAP net income was $22.8 million, or $0.35 per share, for the second quarter of fiscal 2023.

AspenTech Completes Emerson Transaction, Expanding High-Performance Global Industrial Software Leadership

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星期一, 五月 16, 2022
Software, Technology, Energy, Other Energy, Aspen Technology, Company, Population, History, U.S. Securities and Exchange Commission, Emerson, Goal, NASDAQ, Solution, Aspen, COVID-19, Mining, GSS, Technology, Efficiency, Industry, Carbon, Partnership, Intellectual property, SSE, Security (finance), OSI, SEC, Pietri, NYSE, CEO, Risk management, Engineering

Aspen Technology, Inc. (NASDAQ:AZPN) (AspenTech or the Company), a global leader in industrial software, today announced the completion of its transaction with Emerson Electric Co. (NYSE:EMR) (Emerson), including the addition of Emersons OSI Inc. and Geological Simulation Software (GSS) businesses to AspenTech.

Key Points: 
  • Aspen Technology, Inc. (NASDAQ:AZPN) (AspenTech or the Company), a global leader in industrial software, today announced the completion of its transaction with Emerson Electric Co. (NYSE:EMR) (Emerson), including the addition of Emersons OSI Inc. and Geological Simulation Software (GSS) businesses to AspenTech.
  • As part of the close of the transaction, Emerson has contributed $6.0 billion in cash to AspenTech, which will be received by AspenTech shareholders, in exchange for a 55% stake in AspenTech.
  • In addition, Emerson and AspenTech have entered into an enhanced commercial partnership that will enable AspenTech to penetrate new and existing markets.
  • AspenTech offers customers a highly differentiated industrial software portfolio with the capabilities to optimize the entire asset lifecycle across a wide range of industry verticals.