Aspen Technology Inc Raises FY 2013 Guidance; Issues Q4 2013 Revenue Guidance Below Analysts' Estimates; Issues Q4 2013 Mixed Earnings Guidance-Conference Call


Tuesday, 30 Apr 2013 04:30am EDT 

Aspen Technology Inc announced that it is raising fiscal 2013 revenue guidance to approximately $305 million to $308 million, which is above the prior guidance of $295 million to $302 million, the Company now expect GAAP operating income of approximately $48 million to $50 million, which is an improvement from the prior guidance of $31 million to $38 million, as well as from an operating loss of $15 million for fiscal 2012. Or updated forecast for GAAP net income is approximately $29.5 million to $30.5 million, or $0.31 to $0.32 per share, which is an improvement from prior guidance of $0.18 to $0.22. From a non-GAAP perspective, the Company now targeting non-GAAP operating income of approximately $63.5 million to $65.5 million, which is an improvement compared to prior guidance of non-GAAP operating income of $46 million to $53 million and now expect non-GAAP income per share of $0.41 to $0.42. For the fourth quarter of 2013, the Company expect revenue of approximately $77 million to $80 million, non-GAAP operating income of $11.5 million to $13.5 million, and non-GAAP EPS of $0.07 to $0.08. On a GAAP basis, the Company expects operating income of $8 million to $10 million, and EPS of $0.04 to $0.06. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenues of $302 million, EBIT of $27.32 million, EPS of $0.22 for fiscal 2013; revenue of $83 million, EBIT of $13.5 million and EPS of $0.09 for the fourth quarter of 2013. 

Company Quote

38.605
-0.25 -0.64%
27 Feb 2015