Aspen Technology, Inc. (OTC:AZPN.PK) has released the financial results for the first quarter and fiscal earnings for 2010, ended September 30, 2009. The company reported total revenue of 439.8 million, down from 2009 first quarter revenue of $86.4 million. The decline is attributed to the ratable revenue recognition characteristics with the company’s new aspenONE licensing model.
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The company held a conference call to review the financial results on Monday, December 21 to discuss the financial results. The call is available for replay via webcast and audio replay via telephone. To listen to the webcast, go to the company’s investor relations site at www.aspentech.com/corporate/investor.cfm and select the webcast link. To listen to the audio replay, dial 800.642.1687, or 706.645.9291 and enter the conference ID code 47703559. The replay will be available until December 28, 2009.
Aspen Technology, Inc. is a supplier of integrated software and services to the process industries, for which the principal markets consist of: energy, chemicals, pharmaceuticals, and engineering and construction. Additionally, the Company also serves other industries, such as power and utilities, consumer products, metals and mining, pulp and paper and biofuels, which manufacture and produce products from a chemical process. It provides a integrated suite of software applications that utilize empirical models of chemical manufacturing processes to improve plant and process design, economic evaluation, production, production planning and scheduling, supply chain optimization and operational performance. Aspen Technology, Inc. is organized into three operating segments: software licenses, maintenance and training, and professional services. As of October 31, 2009, the Company operated globally through 26 offices in 21 countries.
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