Yahoo Finance Aspen Technology Third Quarter 2023 Earnings: Misses Expectations
Aspen Technology (NASDAQ:AZPN) Third Quarter 2023 Results
Key Financial Results
Revenue: US$229.9m (up 172% from 3Q 2022).
Net loss: US$57.6m (loss widened by US$54.4m from 3Q 2022).
US$0.89 loss per share (further deteriorated from US$0.09 loss in 3Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Aspen Technology Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 20%. Earnings per share (EPS) was also behind analyst expectations.
Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US.
Performance of the American Software industry.
The company's shares are down 25% from a week ago.
Risk Analysis
Be aware that Aspen Technology is showing 1 warning sign in our investment analysis that you should know about...
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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