AspenTech continues its reinvention

Jan 31, 2012 | Hot Topics

AspenTech continues its turnaround, with total revenue climbing 34% to nearly $67 million for the second fiscal quarter ended December 31. The transition from paid-up license/maintenance revenue recognition to subscriptions has been rocky with the company not yet near...

AspenTech on track for 2011

May 4, 2011 | Hot Topics

Good earnings news continues to roll out in the world of engineering software. Yesterday, Aspen Technology announced fiscal third quarter results that show continued acceptance of the new license model for its aspenONE product suite even as the global economic...

AspenTech gains momentum

Feb 10, 2011 | Hot Topics

Aspen Technology on Tuesday announced 2FQ11 results showing that its transition from a perpetual to subscription model continues to gain momentum. AspenTech’s total revenue of $50 million up 17% over last year, including a 983% (no typo: 983%) increase in...

Earnings: AspenTech, Hexagon, Nemetschek

Nov 2, 2010 | Hot Topics

We’re in the midst of earnings season; keeping up is proving more challenging than usual. Here are a few quick thoughts on recent reports: •Aspen Tech announced results today that show continued momentum from fiscal 2010 (ended in June).  For the first quarter, Aspen...

AspenTech Q4 pretty good but still in transition

Sep 13, 2010 | Hot Topics

Aspen Tech last week (finally) announced results for the fourth quarter and fiscal year ended June 30, 2010. If you recall, AspenTech is in the middle of a painful transition, moving customers from a traditional perpetual license model to subscriptions and taking...

AspenTech is getting better

May 7, 2010 | Hot Topics

AspenTech yesterday announced results for its fiscal third quarter, and they are not pretty. Getting better, though. Total revenue was $45.6 million, down 36% from a year ago, due primarily to the company’s transition from a traditional perpetual fee/periodic...

AspenTech reports some improvement, relists

Feb 9, 2010 | Hot Topics

Aspen Technology today announced results for its second quarter of fiscal 2010. AspenTech is in the midst of a painful transition from a typical perpetual license model, where a large upfront new license payment is followed by much smaller periodic maintenance...

CAE to rebound in 2010, up 8%

Jan 13, 2010 | Hot Topics

Forrester Research yesterday gave a rosy forecast for tech spending in 2010, saying in a press release that “global IT spending, which dropped 8.9 percent last year, will rise 8.1 percent in 2010 to more than $1.6 trillion.” Forrester sees spending on computer...

AspenTech feels the pain of license transition

Dec 21, 2009 | Hot Topics

Aspen Technology, a company you don’t usually see me writing about, today announced results for its first quarter of fiscal 2010. AspenTech creates chemistry, process management and supply chain solutions for the oil and gas, chemical and other industries and is...