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Aspen Technology Inc
AzPN, or Aspen Technology, is a publicly traded software company that provides software solutions to various industries, including energy, chemicals, engineering and construction, and pharmaceuticals. Here are some key points about the company:
1. Aspen Technology (AZPN) is a US-based software company specializing in asset optimization software solutions for various industries.
2. The company offers two main software solutions: AspenTech Asset Optimization and AspenTech Performance Engineering. The former enables companies to optimize asset reliability, design, and operating performance, while the latter helps companies design, optimize, and operate process manufacturing facilities.
3. Aspen Technology (AZPN) serves various industries, including energy, chemicals, materials, mining, pharmaceuticals, and oil and gas.
4. Aspen Technology (AZPN) was founded in 1981 and went public in 1997.
5. The company has made numerous acquisitions to expand its software offerings and market presence. In 2010, it acquired the process technology company, the Matrikon group for $135 million. In 2015, it acquired the maker of quality control software, KIMA, for $22 million.
6. Aspen Technology (AZPN) has experienced significant growth in recent years, with a five-year annual growth rate of 11.2%.
7. The company's financial performance has been consistently strong, reporting a Net income of $80.3 million and a revenue of $442.2 million in 2022.
8. The software company Aspen Technology (AZPN) has a solid balance sheet with low debt and high liquidity, with a current ratio of 2.71.
9. The company's return on equity has increased steadily, reaching 42.1% in 2022.
10. The company is headquartered in Bedford, Massachusetts, USA, and has offices in Europe, Asia, and South America.
11. The company's software solutions aim to help companies increase operational efficiency, reduce costs, and enhance profitability.
12. Aspen Technology (AZPN) holds several patents for its software technologies and has won several industry awards.
13. The company's client base includes many Fortune 500 companies representing various industries.
14. Several analysts have covered Aspen Technology (AZPN), including Jefferies, Cowen, and Needham.
Overall, Aspen Technology (AZPN) has established itself as a leader in the software industry, with a strong track record of growth, profitability, and innovation. The company's services aim to help businesses optimize their assets, reduce costs, and increase efficiency and profitability.
These are just some of the general information about Aspen Technology (AZPN) regarding its earnings, growth, and other relevant aspects. To stay up-to-date with the most current information, please visit reputable stock market websites or consult with financial experts for personalized investment advice.