BURLINGTON, Mass. (AP) ? Aspen Technology Inc., which makes manufacturing process optimization software, reported fiscal fourth-quarter results Tuesday that beat analyst expectations as its subscription revenue rose.
The company earned $41.7 million, or 43 cents per share, in the April-June quarter, compared with a loss of $34 million, or 37 cents per share, in the year-ago quarter.
Excluding one-time items, the company reported a loss of 20 cents per share. Analysts polled by FactSet expected a loss of 23 cents per share, on average.
Revenue climbed 38 percent to $52.6 million, higher than the $46.6 million analysts were expecting.
Aspen said its subscription and software revenue doubled to $28.7 million, while services and other revenue slipped 1 percent to $23.9 million.
For the full fiscal year, Aspen earned $10.3 million, or 11 cents per share, compared with a loss of $107.4 million, or $1.18 per share, in the previous year.
Excluding one-time items, Aspen reported a loss of 45 cents per share.
Revenue rose 19 percent to $198 million.
Aspen’s shares rose 34 cents, or 2.5 percent, to $14.20 in extended trading following the release of the earnings report. They had ended the regular session up 57 cents, or 4.3 percent, at $13.88.
