Aspen Technology Q4 Profit Rises - Quick Facts

(RTTNews) - Aspen Technology, Inc. (AZPN), a provider of software and services to the process industries, reported that its fourth-quarter net income was $26.7 million or $0.29 per share, compared to $20.4 million or $0.21 per share in the year-ago quarter.

Non-GAAP net income for the latest fourth quarter rose to $28.7 million or $0.31 per share from $22.7 million or $0.24 per share in the prior year quarter. On average, seven analysts polled by Thomson Reuters expected the company to report profit per share of $0.21 for the quarter. Analysts' estimates typically exclude special items.

Total revenue rose 21.9% to $101.53 million, from $83.26 million, while seven analysts expected revenue of $96.61 million for the quarter.