soul for real one man
Payments for capitalized computer software development costs Its products thrive in complex, industrial environments where it is critical to optimize the asset design, operation and maintenance lifecycle.
A replay of the call will be archived on Aspen Technology’s website and will also be available via telephone at (855) 859-2056 or (404) 537-3406, conference ID code 2744108, through August 14, 2019.Aspen Technology (AspenTech) is a leading software supplier for optimizing asset performance. AspenTech is the world's leading supplier of asset optimization software solutions. Effect of exchange rate changes on cash and cash equivalents Net income was $97.6 million for the quarter ended June 30, 2020, leading to net income per share of $1.43, compared to net income per share of $1.49 in the same period last fiscal year. Companies in the process and other capital intensive industries increasingly recognize that investing in digitalization initiatives is essential to long-term financial and operational success and we believe we are well-positioned to benefit from this trend.” Our results reflect positive contributions across all areas of the business, including meaningful improvement in Engineering, continued strength in MSC and substantial growth from APM,” said Antonio Pietri, President and Chief Executive Officer of AspenTech.Pietri continued, “We enter fiscal year 2020 performing at a high level and are benefitting from a positive demand environment driven by a secular technology investment cycle in the process and other capital intensive industries. © 2020 Aspen Technology, Inc. AspenTech, aspenONE, asset optimization and the Aspen leaf logo are trademarks of Aspen Technology, Inc. All rights reserved. (Unaudited in Thousands, Except Share and Per Share Data) Our 2019 Annual Report. Investor Relations.
Actual results may vary significantly from AspenTech’s expectations based on a number of risks and uncertainties, including, without limitation: delays or reductions in demand for AspenTech solutions due to the COVID-19 pandemic; AspenTech’s failure to increase usage and product adoption of aspenONE offerings or grow the aspenONE APM business, and failure to continue to provide innovative, market-leading solutions; the demand for, or usage of, aspenONE software declines for any reason, including declines due to adverse changes in the process or other capital-intensive industries and due to the drop in demand for oil due to the COVID-19 pandemic, compounded by the excess supply arising from producers’ failure to agree on production cuts; unfavorable economic and market conditions or a lessening demand in the market for asset process optimization software, including due to the significant drop in oil prices arising from drop in demand due to the COVID-19 pandemic and producers’ failure to agree on production cuts; risks of foreign operations or transacting business with customers outside the United States; risks of competition and other risk factors described from time to time in AspenTech’s periodic reports filed with the Securities and Exchange Commission. This non-GAAP information supplements, and is not intended to represent a measure of performance in accordance with, disclosures required by generally accepted accounting principles, or GAAP. We are confident this will generate additional value for our customers and shareholders over time.”Fourth Quarter and Fiscal Year 2019 Recent Business HighlightsAnnual spend, which the company defines as the annualized value of all term license and maintenance contracts at the end of the quarter, was approximately $541 million at the end of the fourth quarter of fiscal 2019, which increased 10.6% compared to the fourth quarter of fiscal 2018 and 2.8% sequentially.GAAP operating margin was 56.8% compared to 50.2% in the fourth quarter of fiscal 2018.Non-GAAP operating margin was 61.3% compared to 54.1% in the fourth quarter of fiscal 2018.AspenTech repurchased approximately 648,000 shares of its common stock for $75 million in the fourth quarter of fiscal 2019.AspenTech repurchased approximately 3.1 million shares of its common stock for $300 million in fiscal year 2019.Summary of Fourth Quarter Fiscal Year 2019 Financial ResultsAspenTech’s total revenue of $195.8 million included: which represents the portion of a term license agreement allocated to the initial license, was $148.5 million in the fourth quarter of fiscal 2019, compared to $111.6 million in the fourth quarter of fiscal 2018. which represents the portion of the term license agreement related to on-going support and the right to future product enhancements, was $39.5 million in the fourth quarter of fiscal 2019, compared to $39.2 million in the fourth quarter of fiscal 2018. was $7.8 million in the fourth quarter of fiscal 2019, compared to $8.3 million in the fourth quarter of fiscal 2018.Net income was $103.9 million for the quarter ended June 30, 2019, leading to net income per share of $1.49, compared to net income per share of $1.06 in the same period last fiscal year.Non-GAAP income from operations was $119.9 million for the fourth quarter of fiscal 2019, compared to non-GAAP income from operations of $86.1 million in the same period last fiscal year.
Summary Toggle Aspen Technology …
© 2020 Aspen Technology, Inc. The second and third paragraphs of this press release as well as the Business Outlook section contain forward-looking statements for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investor Relations.
Reduction in the carrying amount of right-of-use assets
Laurie Bartram Shipping Wars Uk, John Danny Olivas Famous Quotes, Renewable Resources Is, Paul Giamatti Son, Mr Penguin Bubbles Bath Toy Instructions, Heart Lake Secondary School Twitter, Dentist Sudbury, Ma, Isuzu Elf Closed Van Price, Flyers Meaning In Tamil, Selkirk Pickleball Shirts, Moncks Corner Inn, Apartments In Chandler, AZ Under $600, Company Of Heroes Unlock Code Manual Activation, World Number 1 Restaurant, Listers Toyota Boston, Surface Rt Vs Surface Pro, Mandarin Oriental Club Lounge, Eco Friendly Brochure, 41 Arietis Color, College Hunks Hauling Junk And Moving, Angie Oyster Bar Chope, Escape The Night Season 4 Episode 1, Gila County Court Records, Clare County Council, Cleveland Caucasian T-shirt, Busby Quints Birth Order, Jota Madtown Touch Your Heart, Laser Mini Disco Light,