Aspen Technology Turns To Profit In Q4 - Quick Facts

(RTTNews) - Aspen Technology, Inc. (AZPN) Thursday reported fourth-quarter net income of $20.4 million, or $0.21 per share, compared to a net loss of $5.4 million, or $0.06 per share in the comparable quarter last year.

Adjusted earnings for the quarter were $22.7 million, or $0.24 per share, compared to adjusted loss of $3.5 million, or $0.04 per share in the prior year quarter. On average, seven analysts polled by Thomson Reuters expected the company to earn $0.08 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues totaled $83.26 million, up 30.1% from $64.02 million last year, while seven analysts expected revenues of $78.79 million.