Aspen Technology Missed Q2 Expectations 
<p><a href='https://financialmodelingprep.com/financial-summary/AZPN'>Aspen Technology, Inc. (NASDAQ:AZPN) </a>reported its Q2 results, with non-GAAP EPS of $1.20, missing the Street estimate by 16.1%. Revenue came in at $171.4 million, which is 8.9% lower than the consensus estimate. </p>
<p>Annual spend was $640 million (up 6% year-over-year), in line with consensus expectations, and supported by improving market conditions, normalizing sales cycles, and expanding customer budgets. The company materially increased its annual spend outlook for the year to 7-8% from 5-7%, which reflects a much better underlying business condition, driven in part by the recovery in end-markets. </p>
<p>Analysts at Berenberg Bank continue to view AspenTech as a solid investment in its own right, but believe the pending deal with Emerson will generate significant upside for the company’s shareholders.</p>

NASDAQ:AZPN