Key Developments: Aspen Technology Inc (AZPN.O)
30.11USD
23 May 2013
$0.22 (+0.74%)
$29.89
$29.58
$30.13
$29.29
426,064
582,331
$32.98
$20.14
Latest Key Developments (Source: Significant Developments)
Aspen Technology, Inc. Raises FY 2012 Revenue And EBIT Guidance; Reaffirms FY 2012 EPS Guidance; Issues Q3 2012 Guidance Below Analysts' Estimates-Conference Call
Aspen Technology, Inc. announced that it is now expecting fiscal 2012 revenue of $235 million to $240 million, which is up from its original guidance of $225 million to $235 million. GAAP operating loss is expected to be in the range of $23 million to $33 million, which is an improvement from its prior guidance of $30 million to $40 million. The Company continues to assume a GAAP net loss of $20 million to $30 million, or a loss of $0.21 to $0.32 per share. From a non-GAAP perspective, the Company now expects a non-GAAP operating loss (EBIT) in the range of $13 million to $23 million, an improvement from its prior guidance of non-GAAP operating loss of $20 million to $30 million. The Company continues to expect a non-GAAP loss per share (EPS) of $0.09 to $0.19, which is consistent with its prior guidance. For the third quarter of 2012, the Company expects revenue of approximately $57 million to $60 million, GAAP operating loss in the range of $8 million to $10 million, non-GAAP operating loss of approximately $5.5 million to $7.5 million. According to I/BE/S Estimates, analysts on an average were expecting the Company to report revenue of $236 million, EBIT of $(26) million and EPS of $(0.16) for fiscal 2012; and revenue of $62 million and EBIT of $(4) million for the third quarter of 2012. Full Article
Aspen Technology, Inc. Issues Q2 2012 Guidance Below Analysts' Estimates; Reaffirms FY 2012 Guidance-Conference Call
Aspen Technology, Inc. announced that for second quarter of 2012, it expects revenue to be in the range of $52-$53.5 million, GAAP operating loss of approximately $10 million to $11.5 million. On a non-GAAP basis, that would translate to a non-GAAP operating loss of approximately $7 million to $8.5 million. For fiscal 2012, it expects revenue to be in the range of $225-$235 million, GAAP net loss of approximately $20 million to $30 million or $0.21 to $0.32 loss per share. From a non-GAAP perspective the Company continue to expect a non-GAAP operating loss in the range of $20 million to $30 million for the full fiscal 2012 which translates to a non-GAAP loss per share in the range of $0.09 to $0.19 for the fiscal year. According to I/BE/S Estimates, analysts on an average were expecting the Company to report revenue of $55 million and net profit of $(4.06) million for second quarter of 2012; revenue of $233 million and EPS of $(0.16) for fiscal 2012. Full Article
Aspen Technology, Inc. Announces $100 million Share Repurchase Program
Aspen Technology, Inc. announced that the Board of Directors approved a share repurchase program for up to $100 million. The timing and amount of any shares repurchased will be determined by AspenTech based on its evaluation of market conditions and other factors. Repurchases may also be made under a Rule 10b5-1 plan, which would permit shares to be repurchased when AspenTech might otherwise be precluded from doing so under applicable insider trading laws and regulations. The repurchase program may be suspended or discontinued at any time. Any repurchased shares will be available for use in connection with AspenTech’s equity incentive plans and for other corporate purposes. Full Article
Dow Chemical Optimizes Capital Cost Decision-Making For Petrochemicals Projects With Aspen Technology, Inc.'s aspenONE Engineering Software
Aspen Technology, Inc. announced The Dow Chemical Company, is optimizing capital cost decision making for large-scale petrochemicals projects using the aspenONE Engineering software suite. Dow has reduced the time it takes to produce accurate engineering estimates from months to weeks by using Aspen Capital Cost Estimator (ACCE). Full Article
Aspen Technology, Inc. Lowers FY 2012 Revenue Guidance; Issues FY 2012 Earnings Guidance; EPS Guidance Above Analysts' Estimates; Issues Q1 2012 Guidance Below Analysts' Estimates-Conference Call
Aspen Technology, Inc. announced that it targeting fiscal 2012 revenue guidance of $225-$235 million, which is slightly different from the $230-$240 million guidance provided in May 2011. The Company currently expect a GAAP operating loss in the range of $30-$40 million for fiscal 2012 and expects to incur a GAAP net operating loss of approximately $20-$30 million, or $0.21 to $0.32 per share. For a non-GAAP perspective, the Company currently expect non-GAAP operating loss (EBIT) in the range of $20-$30 million for fiscal 2012, which is also $5 million different from its recent guidance as a result of the [VISO] change. This would translate to a non-GAAP loss per share (EPS) in the range of $0.09-$0.19 for fiscal 2012. For the first quarter of 2012, the Company expects total revenue to be in the upper $40-$50 million range with a GAAP operating loss in the $14-$16 million range. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $237 million, EBIT of $(26) million and EPS $(0.22) for fiscal 2012; revenue of $52 million and EBIT of $(12) million for the first quarter of 2012. Full Article
UPDATE 2-S.African drugmaker Aspen to step up Asian expansion
* Unlikely to buy in Latin America due to high price tags
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