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Aspen Technology Inc. (AZPN) Has Surged To A New High On Q2 Results

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Aspen Technology Inc. (AZPN: Quote) reported second quarter adjusted net income of $0.13 per share after the close Tuesday, compared to $0.06 per share in the previous year. The consensus estimate was for EPS of $0.05. Revenues 16 percent to $77.3 million, from $66.6 million last year. The consensus estimate was for revenues of $67.48 million.

Aspen Technology has gapped open sharply higher Wednesday and is now up 3.26 at $31.75. The stock has surged to a new high for the year.

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by RTT Staff Writer

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