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Aspen Technology posts 3Q profit

BEDFORD, Mass. (AP) _ Aspen Technology Inc. (AZPN) on Tuesday reported fiscal third-quarter profit of $35.8 million.

On a per-share basis, the Bedford, Massachusetts-based company said it had net income of 47 cents. Earnings, adjusted for one-time gains and costs, came to 52 cents per share.

The software maker posted revenue of $119.3 million in the period.

Aspen Technology shares have risen 13 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $62, an increase of 60 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AZPN at https://www.zacks.com/ap/AZPN


Keywords: Aspen Technology, Earnings Report